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TRANSCRIPT
BOMA 2016
Retail Overview
2
Agenda
•Alberta Retail Market Overview
•Emerging Retail Trends
•Notable Market Entrants & Acquisitions
•Featured New Developments
Edmonton EconomyRetail Sales
Source: ATB
Save-On-Foods:
•Browse products online
•Select and indicate preferences for goods
•Send your order for delivery or pick-up from select stores
Superstore:
•Order online
•Retrieve your order at a selected location
•Edmonton was the first market in Western Canada to
receive the company’s click-and-collect service.
Emerging Retail TrendsOnline Shopping Competition Increases
Tablet
28%
Emerging Retail TrendsHow Consumers Conduct Digital Product Research
Smartphone
28%
TV
2%
Desktop/Laptop
83%
Emerging Retail TrendsTrend Subscription Economy
Notable Edmonton Market Entrants
Saks Off 5th
• The Retailer it’s first
Edmonton location at
South Edmonton
Common on
September 1st.
• Saks OFF 5th has
opened 13 stores in
Canada so far and
plans for 25 by 2018
• Nordstrom Rack plans to open an
Edmonton location in Fall 2018
• The company plans to open between 15
and 20 new locations in the next few
years across Canada
Notable Market Entrants
Nordstrom Rack
Notable Recent Acquisitions
Bass Pro Shops Acquires Cabela’s for $5.5 billion USD
• Nearly doubled locations throughout the USA
and Canada with addition of 85 Cabela’s
properties
Original Joe’s / State & Main for $93 million CAD
• Cara now holds an 89.2% stake in Original Joe’s Franchise
Group Inc.
• 99 locations across Canada, including 66 Original Joe’s, 23
State & Mains, and 10 Elephant & Castles
Notable Recent Acquisitions
Cara Foods Acquires:
St. Hubert for $537 Million CAD
• 117 Restaurants, 2 Distribution Facilities & Real Estate
Brewery District – First Capital Realty & Sunlife Financial
• 300,000 square feet of mixed use office/retail with 250,000 square feet of underground
parking on a 13 acre site
• Tenants include Loblaws City Market, Winners, Shopper’s Drug Mart, Good Life Fitness, and
Mountain Equipment Co-Op.
Notable Centres Under DevelopmentEdmonton
ICE District– ONE Properties102 Street and 103 Avenue
• 300,000 square feet of multi-level retail area under development
• Edmonton Tower is set to finish construction in 2017, Stantec
Tower in 2019 and Ice District Tower B in 2020
• Edmonton’s newest luxury hotel will be arriving with the JW
Marriott, offering 356 rooms and suites with upscale amenities
Notable Centres Under DevelopmentEdmonton
Manning Town Centre & Village – Cameron Developments
• 850,000 square feet of leasable retail area on a 75.3 acre site
• Major tenants currently open for business include Cineplex,
Cabela’s, Sportchek, Winners, Marshal’s and Lowe’s.
• Superior Access: Now accessible via 153 avenue on Anthony
Henday Drive. Transit service recently began running to this
location, as of September 2016.
Notable Centres Under DevelopmentEdmonton
Jensen Lakes Crossing – Melcor Developments
• Landmark Cinemas recently announced a May 2018 opening
of an 8 screen theatre.
• 17 Acre development site in North St. Albert
• 105,000 square feet of retail space
Notable Centres Under DevelopmentSt. Albert Trail & Jensen Lakes Blvd.
Premium Outlet CollectionLocated at YEG Airport
• 428,000 + square feet of leasable retail area
•
• Over 100 stores and services
• Scheduled opening Fall 2017
Notable Centres Under DevelopmentEdmonton
Brett Killips, B. Comm, CCIM
E: [email protected] Thank You