Northern Light
Superstar
The new guy at Sears Canada seems to have a good grasp of what is/went wrong.
However, some of the problems may be beyond his ability to repair.
In the U.S. the combined Sears/K-Mart entity is doing ....so/so at best.
And if the one had to question which of the two were doing better (in the U.S.) it would K-Mart.
As many of the locations are co-located or arguably within competitive distances, there has been long standing speculation that the decision might be taken to unify stores under the K-Mart banner; a banner which no longer exists in Canada.
I'm not even sure Sears has the rights to that name in Canada anymore since HBC (as owners of Zellers) bought it out here, in some form or another.
Sears is not a global name; and if (big if) it were to disappear in the U.S., could that banner survive in Canada alone?
I'm not sure............(all rumours and speculation.........I claim no definitive knowledge)
I would say this, either way, historically, SEARS does not know downtown retail. The Eaton Centre location and comparable equivalents across the country were never a good fit w/that banner, in my opinion.
I think that if they hope to remain successful in Canada, either they need to re-start an 'urban' retail division (eatons anyone? LOL) or they need to sell off the leases to their urban stores.
In the case of the Eaton Centre, I don't see Target as a good fit, as I think that store was meant to be a BIG store (originally 9 floors) now what..5?, max. 7 (2 bottom levels are now part of the mall).
I think a destination name is required for this space, except and unless you want 2 anchors; but I see that as very challenging, given that you have only 2 mall-entry levels from the south.
Just my 2 cents....
However, some of the problems may be beyond his ability to repair.
In the U.S. the combined Sears/K-Mart entity is doing ....so/so at best.
And if the one had to question which of the two were doing better (in the U.S.) it would K-Mart.
As many of the locations are co-located or arguably within competitive distances, there has been long standing speculation that the decision might be taken to unify stores under the K-Mart banner; a banner which no longer exists in Canada.
I'm not even sure Sears has the rights to that name in Canada anymore since HBC (as owners of Zellers) bought it out here, in some form or another.
Sears is not a global name; and if (big if) it were to disappear in the U.S., could that banner survive in Canada alone?
I'm not sure............(all rumours and speculation.........I claim no definitive knowledge)
I would say this, either way, historically, SEARS does not know downtown retail. The Eaton Centre location and comparable equivalents across the country were never a good fit w/that banner, in my opinion.
I think that if they hope to remain successful in Canada, either they need to re-start an 'urban' retail division (eatons anyone? LOL) or they need to sell off the leases to their urban stores.
In the case of the Eaton Centre, I don't see Target as a good fit, as I think that store was meant to be a BIG store (originally 9 floors) now what..5?, max. 7 (2 bottom levels are now part of the mall).
I think a destination name is required for this space, except and unless you want 2 anchors; but I see that as very challenging, given that you have only 2 mall-entry levels from the south.
Just my 2 cents....