
Victoria retail thread: retailer news, comings and goings
#8921
Posted 23 December 2024 - 11:38 AM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#8922
Posted 23 December 2024 - 01:04 PM
#8923
Posted 23 December 2024 - 01:40 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#8924
Posted 02 January 2025 - 12:20 PM
$61/square feet
https://www.realtor....ctoria-downtown
Available for the first time in over 30 years! The subject property is at the focal corner of Victoria's most iconic shopping corridors, being Government Street and Lower Johnson (LoJo). This area includes one of the highest concentrations of independent boutiques in Canada and is the epicenter of fashion and tourism in Victoria. Neighbouring stores include Arc’teryx, Fjallraven, Complex, Gabriel Ross, Flux and Stone, Stock Home Design, Still Life, MEC and many more. The unit is 2092 sf, can be expanded to 2648, or potentially demised into 2 smaller units. 520 sf bonus storage mezzanine included at no charge.
Edited by Victoria Watcher, 02 January 2025 - 12:21 PM.
#8925
Posted 02 January 2025 - 12:28 PM
So that’s $10,634.33 per month, base rent at 2,092 square feet. Then there are the operating expenses associated to the lease, that include property tax.
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#8926
Posted 02 January 2025 - 01:05 PM
#8927
Posted 02 January 2025 - 01:06 PM
Why do you say $20k?
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#8928
Posted 02 January 2025 - 01:08 PM
#8929
Posted 02 January 2025 - 01:12 PM
It's likely around $20/foot for those items, I think. Maybe $25? So add $3,480 to $4,358 per month. I could be wrong, though. Every property is different. Regardless, your first $500 in profit every day from your wares goes to pay for the space.
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#8930
Posted 02 January 2025 - 01:12 PM
I think $15 might be a good figure.
- Matt R. likes this
#8931
Posted 02 January 2025 - 01:19 PM
You have to sell a lot of stuff to make it worth while.
#8932
Posted 02 January 2025 - 01:42 PM

#8933
Posted 08 January 2025 - 11:45 PM
Frank And Oak fashion retailer files for bankruptcy protection
https://cheknews.ca/...ection-1232924/
Comark Holdings Inc., the Vancouver parent company of clothing retailers Ricki’s and cleo, announced the closure of both stores in all retail locations on Tuesday, Jan. 7, 2025.
[...]
The Company also has plans to liquidate some of the Bootlegger stores while it’s currently exploring restructuring options.
“The Company intends to seek a further Court order approving the full liquidation of all Ricki’s and cleo and certain Bootlegger stores. The stores will remain open during this process,” stated Comark.
Edited by Victoria Watcher, 08 January 2025 - 11:46 PM.
#8934
Posted 10 January 2025 - 11:09 PM
Rare opportunity to occupy a retail space adjacent to Windsor Park, in the heart of south Oak Bay. Currently improved as a hair salon, this is the first time this unit has been on the market for lease in decades. An incoming barber or salon tenant will benefit from years of established goodwill and a simple and affordable gross lease. Other uses will also be considered. Successful neighbouring tenants include the charming Nar Cafe and Bistro , Features Spa Services and W&J Wilson Clothiers.
$2,000/Monthly
https://www.realtor....y-south-oak-bay
#8935
Posted 11 January 2025 - 12:49 PM
#8936
Posted 14 January 2025 - 07:47 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#8937
Posted 14 January 2025 - 08:26 PM
Is MEC about to be broken up?
#8938
Posted 14 January 2025 - 10:23 PM
One supplier to MEC tells CityNews on Friday that the news of the sale comes as no surprise. According to the supplier, the company has not paid its invoices in months and is currently on hold in their credit department.
Crazy.
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#8939
Posted 15 January 2025 - 06:44 AM
As an original member of the communal MEC dating back to the mid-'70's when you had to have a membership, and had only the Vancouver store to shop at, I'd note that MEC's line-card has had items dropping off it on an ongoing basis since the sale to Kingswood Capital a few years ago.
MEC has nowhere near the depth of inventory today as it had even a few years ago.
MEC's rather vast reduction in available inventory, combined with Amazon and other online Western Canadian camping/overlanding/hiking suppliers has left MEC as just another camping store, far removed from its days as THE camping store in B.C.
I now first check for items I'm looking for first at Sport Chek/Atmosphere at Hillside or Langford rather than fight traffic and hunt for parking downtown. If I can't find what I'm looking for there, I look online.
I'm sure many others have taken to following that same pattern as well.
#8940
Posted 15 January 2025 - 06:54 AM
- Blair M. likes this
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