fatty
New Member
Shoppers moving into Best Buy space
That was fast,..... the 2-level Best Buy closed on July 17 but it looks like Shoppers will only take the concourse-level of former Best Buy. The street-level Best Buy space doesn't have any Shoppers Drug Mart coming soon signage,....Shoppers moving into Best Buy space
The Best Buy actually closed on Aug 17That was fast,..... the 2-level Best Buy closed on July 17
Probably not since the stairs leading up to Petit Potato are in the wayThe RBC that's coming in that part of the mall is an "RBC Meeting Place" (specialize in banking for new immigrants) so maybe they'll be taking some of the Best Buy street-level space???
Don't forget Shoppers Drug Mart (SDM) at Ultima between Sheppard & North York Centre station; it's about 450m from SDM at Yonge-Sheppard Centre but only 300m from this proposed Empress Walk SDM. SDM probably taking up the EmpressWalk location to keep Rexall-PharmaPlus out (they're already across the street at North York City Centre but not as busy). EmpressWalk already have Loblaws with pharmacy,... and Loblaws own SDM - so having them both basically side by side,....I’m amazed at how many Shoppers Drug Mary’s there are. There is one at each of the stations. Pretty saturated for pharmacy and cosmetics.
They're basically convenience stores with a pharmacy, and private label products too. They can be profitable just about anywhere.Yes it’s too many in one area. I wonder how they can be profitable.
I’m not sure convenience stores are that profitable but I agree they are useful but SDMs are huge and have large fixed costs that I’d imagine require high product turn over to be profitable. I guess there must be enough demand and density in NYCC to support 4. The Yonge/Finch one is super profitable as it’s also used as a mini grocery store and has large cosmetics counter. That store was always packed when I lived there. The others I’m not sure about.They're basically convenience stores with a pharmacy, and private label products too. They can be profitable just about anywhere.
It all depends on the product mix they sell. The margins on cosmetics are huge, over 100%. Probably the largest margins in that retail space. They also don't need much of them in inventory at the store as logistics operations make deliveries so frequently now that you only need a few of each expensive item in stock. You can reorder and get more in 24 to 48 hours max. Another big margin item are elderly care items. Adult diapers that sell for $25 for a two week supply are big net profit generators. Also the vitamins and supplements which do nothing and wholesale for $1 that they sell for $15.I’m not sure convenience stores are that profitable but I agree they are useful but SDMs are huge and have large fixed costs that I’d imagine require high product turn over to be profitable. I guess there must be enough demand and density in NYCC to support 4. The Yonge/Finch one is super profitable as it’s also used as a mini grocery store and has large cosmetics counter. That store was always packed when I lived there. The others I’m not sure about.
^They'll probably have to relocate again in a few years when Centerpoint is redeveloped