A flood of store closing announcements this year are causing concern to the industry, while international retailers continue to enter the country seeking a piece of the pie. Despite economic and other challenges, there are bright spots.
Read MoreNordstrom has confirmed 6 locations, with plans to open up to 15 Nordstrom Rack stores in Canada.
Read MoreThe company is changing the course of its retail operations and as a result, Canada's off-price market will see Sears go head-to-head with HBC and TJX-owned banners such as Saks Off 5th, Winners and Marshalls.
Read MoreHudson’s Bay’s off-price retail concept has revealed two more locations, as it aggressively expands into markets across the country.
Read MoreThe off-price retail concept originally launched in 2013. It was expected to expand nationally, but only opened 2 locations.
Read MoreIt will be the second location for the retailer in the Lower Mainland, following an October store opening at Tsawwassen Mills.
Read MoreAccording to one retail expert, this could be a trend reflecting the polarization of the Canadian retail industry.
Read MoreThe company announced a first Edmonton location last month. By 2018, the retailer will operate about 25 Canadian locations.
Read MoreSaks Fifth Avenue has now revealed 13 of its anticipated 25 OFF 5TH locations set to open by 2018.
Read MoreThree locations open to the public this morning, with a fourth set to open a week later.
Read MoreThe off-price Canadian retailer is launching a premium designer retail concept.
Read More[Image: Holt Renfrew]
's off-price store
hr2
opens today at
in suburban Montreal. The store will be 24,500 square feet.
Holt Renfrew's hr2 concept and revealed its
.
Holt Renfrew just released a list of some of hr2's designers. These include: Alice + Olivia, Diane von Furstenberg, Splendid,
Michael Michael
Kors,
Cole Haan
,
Kate Spade
,
Tory Burch
, Ray-Ban, 7 for All Mankind,
Nicole Miller
, Elie Tahari,
Ralph Lauren
, House of Harlow, Anzie, John Varvatos, Hunter and hr2 private label. The store will have about 150 brands in total.
We took special note that hr2 will include its own private label merchandise. We look forward to seeing it in-store and, hopefully, available online.
[Image: Holt Renfrew]
We also notice that some of the above designers are also carried at
. hr2 may therefore be considered, at the very least, a minor competitor to Hudson's Bay by carrying labels like Diane von Furstenberg, Spendid, Elie Tahari and others.
We've been told that hr2's atmosphere will be "casual but smart". Stores will be bright, and merchandise will be updated/added weekly.
hr2 Vice President Heather Arts says: "
We are pleased to welcome customers to this unique new shopping experience. hr2 will offer fresh and distinct merchandise. Our vendors are thrilled to partner with us to grow their business through this new premium off-price store.
" Ms. Arts further goes on to say: "
While some of the brands at hr2 will also be carried at Holt Renfrew, product assortment will not overlap
".
[
]
hr2 website link:
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