Is Canadian retail finally on the path to redemption?

KATHERINE RADIN | April 16, 2019

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The past few years have made it seem as though retailers haven’t been able to catch a break in Canada. Another month, another shutdown, or so it’s seemed. Retailers and commercial landlords in the country have experienced a wild ride, with Target opening and closing; Future Shop shutting down; and Sears, Black’s, and Gymboree closing — to name a few. Although some chains continue to experience financial turmoil, the dust has begun to settle, and perhaps clear, as landlords have begun to find creative ways to showcase shopping malls in a new light. One of the most significant impacts on the retail landscape has been the proliferation of online shopping, especially for digital goods. This past decade has seen Blockbuster Video, Future Shop, and Target shutter, leaving gaping holes for landlords to fill.

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