November 22nd, 2010Canada a hot property for U.S. retail immigrants
A strong domestic economy and relatively modest retail rental rates have hiked demand for retail property in Canada, with U.S. companies lining up to try out a market that’s stronger than the faltering one at home.
New entrants include Victoria’s Secret, a unit of Limited Brands (LTD.N), which brought its sexy lingerie and supermodels to the Toronto and Edmonton areas this year, opening stores to excited crowds.
Victoria’s Secret joined established U.S. chains like Home Depot (HD.N), Best Buy (BBY.N) and Wal-Mart Stores (WMT.N), among others, all looking for a logical growth avenue to reach consumers with similar backgrounds, but slightly more money to spend.
“Any retailer that sells in the U.S. views Canada as an opportunity,” said Erika Maschmeyer, a senior analyst at investment firm Robert W. Baird & Co.
“Retailers have done well crossing the border.”
Canada’s relatively speedy recovery from recession has helped retail sales, allowing the retail property sector to outperform office towers or industrial parks this year.
Read complete article.
Looking for more information on wholesalers and products? Check out our directory of useful links.
- Triple Image
- Sportula Products
- Insects and Flowers
- Kariza Designs
- New Concord Enterprises Inc.
View the full directory