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H&M should be great for downtown and will pull people downtown that nevergo downtown.
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A drop in sales = most clothing stores in the mall folding? That's a lot of stores closing based on your logic, not sure you are making much sense.. |
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Are the Stonecutters keeping it under wraps? |
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Remember when ya'll said Lulu Lemon was going to draw people to downtown?? Don't think that quite materialized.
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Here's an article from last year that some of you should take a read through:
http://www.cbc.ca/news/business/cana...sing-1.3485248 |
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You're talking out of your ass. |
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Downtown is the busiest it's been in my lifetime. Instead office space, exclusive retailers, and new pubs have all played a part in that.
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Downtown has some serious fundamental flaws that need to be addressed before private business can truly be successful. Regina is a small prairie city with only so many people to visit bars and restaurants downtown. The market is clearly saturated. The PST certainly doesn't help either. |
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That Malt City didn't make it doesn't mean that downtown isn't growing. |
[QUOTE=Regina Boi;7881891]Well if any of you are in the food and beverage industry, you will already know that several of the new food and drinking establishments downtown have been struggling this year. Malt City in particular is one. Admittedly I haven't heard much about the Capital, however most nights I have gone this year, it has only been half full. I see they now have half price drinks some evenings, so that typically isn't something a profitable bar does, especially in the summer. Atlantis was not able to profit off of their new location either.
Downtown has some serious fundamental flaws that need to be addressed before private business can truly be successful. Regina is a small prairie city with only so many people to visit bars and restaurants downtown. The market is clearly saturated. The PST certainly doesn't help either.[/QUOTESo You seem to be changing your point. First it was the opening of H and M was going to be doom and gloom for the other existing retailers in the mall. A pretty simple statement and I think people on this blog are calling BS on such a simplistic statement. Now you are saying downtown has flaws and that is the reason businesses are closing. So which is it? The arrival of a large European retailer or the inherent flaws in downtown? Perhaps some of the challenges are related to a poor economy, increased taxes, more competition etc etc.. |
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I'm not denying that there are issues downtown needs to address - the biggest is pre-conceived notions. I can't convince my family that parking is available, and downtown is busy (read: safe). No matter how hard I try, they simply refuse to believe it. |
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I own 4 businesses, 2 in Regina and 2 in Mexico. My Mexican assets by far have a much larger ROI than the Regina assets. I'm closing one business here and putting several people out of work, because I simply can't afford the additional overhead of increased utilities, PST on more goods I purchase, and PST on my already ridiculous insurance premiums. The list goes on and on. Additionally, once Brad sells off 49% of the crowns, you are kidding yourself if you think there will not be job losses. That is also going to be a huge blow to the downtown. I'm already hearing some of the estimates of what the gov't is expecting in terms of reductions. I love when people who don't own businesses think they have all the answers. |
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For example, most people here would not know that in Mexico, it's the law that you provide your staff with a Christmas bonus and staff are entitled to a percentage of your businesses profits at fiscal year end. So while most of my staff make between $450-$600 a month, they get a sizeable amount of money at the end of the year. This is one of the reasons they work so hard. They know that the stronger they perform, the better the business does, and the more money will they will make. |
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You act like business adaptation is simply impossible. The companies that go under due to the PST would have done so regardless. You are acting like other provinces do not levy taxes on restaurants when in fact the majority already do. |
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I believe the budget came out on March 22nd, and we literally had 9 days to implement it (and don't think our accountants set everything up and will administer it out of the goodness of their hearts). Sorry if you feel we didn't adapt quickly enough. Furthermore, all of our budgets were already planned for the year. Yes we plan for increased expenses, but not to the extent this budget brought in. They've hurt all small business, but it is particular worse for our industry. Oh gosh, the job numbers came out today. Looks like there are a TON of poor business operators out there in Saskatchewan: Saskatchewan’s job losses are outpacing growth of new positions, according to the latest employment numbers from Statistics Canada. The July labour force survey shows the province shed 2,700 full-time jobs from June to July, while adding 2,300 part-time positions. As a result, Saskatchewan’s unemployment rate rose from 6.5 per cent in June to 6.6 per cent in July. You should have a chat with some small business owners around the city and see if they agree with you. I am quite confident they will laugh you out their establishments. Even Brad's pals at the Canadian Federation of Independent Business, Canadian Taxpayers Federation, Saskatchewan Chamber of Commerce, Regina Chamber of Commerce, Saskatoon Chamber of Commerce and countless other business federations have slammed the Sask Party over this budget. From CJME |
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This said, the fact that we now charge PST on meals simply brings us in line with every other province except BC & AB. All other provinces charge between 13-15% on restaurant meals. Sask charges 11%. So, yes - this will impact businesses, as they don't have time to prepare & adapt. Is it insurmountable? Nope - we've got 7 provinces that prove the industry can survive & thrive with consumption taxes of 13-15% on meals. Implementation was the issue in Sask. 5 years from now, I wouldn't be surprised to see fewer restaurants/pubs. Getting back to our original discussion - this doesn't mean that downtown Regina is failing, I'd put money on the fact DT Regina will still have a net increase of restaurants in 2022 compared to 2012. And downtown will still be busier/more retail activity than in 2012, or 2007. |
Fencing went up yesterday for the new 10,000sqft Sobeys Liquor at Southland Mall (on the old Turbo pad, next to CIBC).
It'll be interesting to see what becomes of the 15,000sqft 'Bison Liquor' that is planned for Golden Mile (taking up most of the Extra foods space). As I understand, it can't be a transfer of one of the new liquor licensees (they can't transfer until next year, IIRC). An existing off-sale seems more likely (15,000 is a lot of space for a liquor store) - perhaps Bonzinni's is up for a move/expansion of their offsale? Anyone heard good rumours? |
At this rate, South Albert will be all grocery and liquor stores by 2024.
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Work also appears to have begun on the new Save-On Foods at Acre 21 (Chuka Blvd. just north of Arcola.) Also confirmed, according to the sign, are Shoppers Drug Mart, Boston Pizza, McDonald's, DQ, and Co-op gas/car wash/c-store
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2 of 3 new shops (Sara Lindsay and Queen V) are open in Shoppes on Hamilton. Two Fifty Two opening this fall.
https://lh3.googleusercontent.com/9S...=w1216-h912-no |
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Twofiftytwo is a company out of Saskatoon. Judging by the fact they offer in house alterations and private shopping parties, this looks to be fairly high end women's clothing.
Sara Lindsay is a Regina-owned store. Queen V originally opened in 2012 and was sold in 2016. It looks like mostly it's been pop up shops up to now. Also locally owned, I think. Is Hamilton returning to its past as a high end clothing destination? |
In Grasslands/Harbour Landing...
Justice Clothing (tween clothing) opening Sept 12 in the same strip at Rickis. Structube (modern furniture) will be opening next to Designer Shoe Warehouse. No date yet. Romantic Nails is open on the retail ground of The Residences next to the Brewhouse. Brown's Social House is negotiating but no official announcement of a HL location. |
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Tramps on Scarth Street is closing. It was mis-managed into the ground. 9000 square feet. I didn't realize it was that big.
http://leaderpost.com/news/local-new...mps-is-closing |
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I was looking at the Cornwall Centre Sears area and another thought that came to mind was one or two restaurants with street front with even atleast one on the corner of Sask Drive and Hamilton Street. Of course room for lots of new Retail on both floors, but a sit down eating option or two included in that space and maybe a street front bar/restaurant on the Hamilton Street side main floor directly across from the parking lot south of the Delta would be perfect to open up the current retro tile closed in Sears wall.
Any ideas and thoughts on what you think should happen or what you think will happen? I also wish they would extend the mall building to the sidewalk regarding the concrete court yard between SaskTel and Sears on the north. FIRST FLOOR https://i.imgur.com/nIkgCohh.png SECOND FLOOR https://i.imgur.com/xi5DlgFh.png They have such an opportunity when Sears closes. View from Sask Drive https://images.radio-canada.ca/w_635...in-sears-2.png View from Hamilton Street Side https://www.google.ca/maps/@50.45182...2!8i6656?dcr=0 I feel like Sears closing is actually a huge blessing for the Cornwall Centre and its redevelopment. |
I really like the idea of getting rid of the north courtyard and extending the mall right to Sask Dr. though Sears. That courtyard is hideous.
Opening up the Sears main floor exterior walls is a must. |
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Big Move 7: Friendly Façades Existing buildings, at street level, remediated to create a lively, animated pedestrian realm. Following the lead of the Atlantis Coffee site, existing buildings that do not support the experience of the pedestrian will be transformed to enhance it. The Cornwall Centre, on all sides, will be opened to the street; existing parking structures will be transformed to have active uses at grade; and office buildings will have greater transparency at the street.http://www.designregina.ca/wp-conten...urhoodPlan.pdf |
Starbucks on 11th looks like it is ready to open very soon. Apparently there are a few more coming as well.
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How many floors does the Tramps store on Scarth encompass? It would be an amazing flagship retail or perhaps restaurant and bar.
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