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Eddie Bauer in the Cornwall is closing. There’s going to be nothing left in that wing of the mall at this rate.
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Gong Cha tea is opening in the small space next to Laura Secord across from H&M on the second level. Good to have another tenant in that hallway and bubble tea will be nice for the mall and downtown. |
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Rideau Centre in Ottawa reinvented itself from a mall that was starting to get run-down, to a high-end mall that can command equivalent rent. Cornwall is not Rideau, and downtown Regina is not downtown Ottawa (or Toronto or Vancouver). |
I also heard this weekend that Ardene’s is relocating into a new upper level Sears area space and Urban Planet is one of the main floor Sear’s space tenants. Dashed are my dreams of Urban Barn’s second Regina location being at the Cornwall Centre.
I still want Goodlife to open a 24hr gym at the Cornwall Centre but if not, Planet Fitness would be perfect. |
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As far as stores needing renos go, the Bay is far and away at the top of the list. Mismatched tile, blackened ceiling tiles, tired outdoor display spaces, etc... :shrug: |
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Going back to the Rideau Centre reference, the Bay there was a duuuuump... not sure exactly how they did it, but it's been completely rejuvenated & looks modern, clean, and appealing. And, it's been full of shoppers the last few times I was there (where it was dying a slow death in the same out-dated space). |
Along with Eddie Bauer, Volcom is closing - citing lease rates as well as low traffic. I talked to the store manager there, and she said that a few other stores in the mall are set to wrap-up operations if lease negotiations don’t go as planned. West 49 and H&M are looking to close if Cornwall won’t lower their leases. HBC is planning to close underperforming stores across Canada, with Regina’s location on the chopping block.
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If they lose H&M and HBC, that would be catastrophic. Need to have anchors. According to the mall's contact us page, all the contacts are at Cushman & Wakefield. The mall is owned by the same people trying to sell Capital Point's lot. Real estate brokers would want to run the leases up.
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It would definitely be catastrophic to lose any stores let alone anchors. It doesn't sound right that H&M would consider closing because of their lease as I am sure they negotiated a long-term lease of at least 10 years. I could be wrong, but it just doesn't sound right to me. Edit: Stormer beat me to it one minute before. |
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The only way H & M is leaving anytime soon is if the whole company goes down. As for the other retailers, the Cornwall will know all of their sales so they would negotiate based on that knowledge. If the mall wants them to stay, they will. |
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Here's a link to a somewhat interesting story from Fortune magazine on October 29th (written by Phil Wahba) regarding Hudson's Bay Company's attempt to win customers back: https://fortune.com/2019/10/29/how-h...o-hudsons-bay/ "much of what Hudson's Bay's stores sell have come to be seen as blah and the same old, same old" "it was the loss of competition at more than half of the malls where Hudson's Bay has a store that was a big culprit in the chain's downturn. After the Sears bankruptcy and liquidation in Canada in 2017, Hudson's Bay went after the Sears customers at the 53 malls where both chains used to have a store" |
Apparently there is so much asbestos at Hudson’s Bay under the floor tile and the rest of their space in Regina that they won’t renovate. They had to remove it at the Sears location overhaul which affected Shoppers not wanting to move because of having to pay for that cost. Now my hopes are dashed as knowing how cheap Hudson’s Bay is as a company, as if they would pay for the asbestos removal at their Regina location which would allow for new flooring and ceiling.
Bath & Body Works will be renovating (and taking over the Ardene’s next door) to add their White Barn banner and updated look to the Regina Cornwall Centre location. |
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For whatever reason, The Bay is opening up an hour later than the rest of the mall for "winter hours" from here on out.
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