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Saks Fifth Avenue Flagship (Queen & Yonge)

There's enough merch, but the decor is relatively spare; though it is at Holt's too. This seems to be in the 'in' thing at the moment.

The more notable thing........is the relative dearth of customers.

It's weird - look at the concession spaces - there's not much on the shelves and you could glance at them in an instant
but they have chairs there as if a customer (maybe a husband) will need to rest on.
 
As first reported by @ericlewis91 here at UT, Retail-Insider has confirmed the closure of Sherway's Food Hall at Sak's (Pusateri's).

Closure is January 28th, but the space is already beginning to empty out.

https://retail-insider.com/bulletin...all-to-shut-at-cf-sherway-gardens-in-toronto/

Maybe I am reading too much into this but the article seems to bring the viability of Saks into question.

Not just the food halls but the stores themselves.

Personally I don't know how much longer Saks will survive up here.
 
As first reported by @ericlewis91 here at UT, Retail-Insider has confirmed the closure of Sherway's Food Hall at Sak's (Pusateri's).

Closure is January 28th, but the space is already beginning to empty out.

https://retail-insider.com/bulletin...all-to-shut-at-cf-sherway-gardens-in-toronto/
And yet Pusateri's is opening a new store on College near Dovercourt, which seems like a very strange location to me for a pricey grocery store. They're setting themselves up to fail.
 
And yet Pusateri's is opening a new store on College near Dovercourt, which seems like a very strange location to me for a pricey grocery store. They're setting themselves up to fail.

I don't know if they're setting themselves up to fail; but I will concur it's an odd choice of location. It is a reasonably well off, gentrifying area, but still...........
 
Maybe I am reading too much into this but the article seems to bring the viability of Saks into question.

Not just the food halls but the stores themselves.

Personally I don't know how much longer Saks will survive up here.

I would suggest that that is not an unfair question to be asking.

I don't know where the per ft2 sales numbers are at the moment; Queen, as its height, pre-pandemic was selling decently. But remains far emptier than it was..........

HBC as a retail owner has not shown much hustle with any of its holdings in recent years. The luxury space in Canada is pretty fully serviced, but not vastly over serviced, but they're being out hustled by Holts, by Simons, and by Nordstrom in the upper middle and high end spaces, along w/boutique retailers and e-comm.

But then again, the principle owner is not a retail guy, he's a real estate guy, and we've seen that playout again and again with their holdings.
 
The reduced hours thing is weird and not a great sign.

Speaking of reduced hours, Simons at Square One also has reduced hours which are shorter than Square One itself, which I found odd as well. I wonder if that means they're not doing so well either.
 
You have to wonder about the Eataly moving in, when Pusateri's failed in practically the same location.
But Iit looks like Eataly is more about dining, rather than groceries, and may be less high-brow.
 
But then again, the principle owner is not a retail guy, he's a real estate guy, and we've seen that playout again and again with their holdings.

I just read this in the NY Times and thought of your post the other day:

Hudson’s Bay Company, the owner of the Saks Fifth Avenue department store chain, said it would bid with the state to convert the top three floors of its flagship store in Midtown Manhattan into a Monte Carlo-style casino.
 

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