At the west side of Mayfair Mall they are adding a 100,000 squarefoot expansion.
On the east side of the Mall one of the anchor stores could be closing, freeing up even more space.
One has to ask if the timing of the Mayfair expansion was poorly planned?
Toys “R” Us has filed for bankruptcy protection in the United States, and plans to do the same in Canada — but it’s assuring customers that things won’t change.
The iconic toy store company, which also operates Babies “R” Us, filed Chapter 11 documents Monday at a U.S. bankruptcy court.
Its Canadian subsidiary also sought creditor protection under the Companies’ Creditors Arrangement Act in the Ontario Superior Court of Justice
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Across town the Hillside Mall has an expansion space that is not filled, and Sears could fade away in the near future.
The industry is grappling with the relentless onslaught of Amazon and Alibaba, excess retail space, the retreat of department-store mall anchors and intense price competition.
Meanwhile, consumers are shifting their spending from things to experiences, including entertainment and dining-out.
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