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The Bay Centre | Downtown Victoria


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#261 Blair M.

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Posted 02 August 2024 - 06:24 AM

Very likely to be a Walmart within a couple of years.



#262 Mike K.

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Posted 02 August 2024 - 06:39 AM

Not a Blockbuster?
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#263 Ismo07

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Posted 02 August 2024 - 07:41 AM

I heard, and really not sure how credible this is, that The Bay has a very low lease there.  While other Bays might close, the deal they have there is so low, they would stay open with empty shelves.  Not sure what to make of that...

 

 

Very likely to be a Walmart within a couple of years.

 

The Walmart Centre has a nice ring to it... :)



#264 Mike K.

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Posted 02 August 2024 - 07:53 AM

Anchor tenants typically pay low lease rates because theoretically they're supposed to be the main draw for a shopping centre or retail plaza.

 

But you also have to take into consideration how massive The Bay's footprint is. So the lease rate might be low, but they're still paying a huge amount every month.

 

No business will lose money no matter what the costs are. If The Bay cannot pay for itself, and the lease is up, the store will close.


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#265 Blair M.

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Posted 02 August 2024 - 09:14 AM

Remembering that the good old days of the beaver pelt trading Hudsons Bay Company are long gone, and all decisions are now made by https://www.nrdcequity.com/ in the United States - the very definition of a somewhat soulless equity investment company.

 

As saliently noted above, if it doesn't make financial sense The Bay is gone from downtown Victoria very shortly after it demonstrates that it's performing below whatever financial metric NRDC Equity Partners has applied to The Bay Centre store.

 

Like retailers everywhere, The Bay has put a substantial focus on their online presence. Their online inventory is 20 or 30 times what their physical in-store inventory is. 

It does seem obvious that the Mayfair store will shortly be the only Bay store in Victoria, and anybody not purchasing from the Mayfair location (with its thousands of parking spaces) is very likely already an online Bay customer - if they're a customer of The Bay at all.

 

I could also see The Bay opening at some point on the Westshore, either in conjunction with the Mayfair location, or in place of it.



#266 Mike K.

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Posted 02 August 2024 - 10:15 AM

The Bay is hugely popular among office workers in a downtown location. It’s easy to navigate, it has business casual, business and casual garb. Easy for quick gifts. Good brands.

The loss of office workers is impacting that store.
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#267 Victoria Watcher

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Posted 04 August 2024 - 09:19 AM

That’ll be it for GoodLife in the CRD unless they open a new gym.

 

That's quite something, to exit the region entirely.  They have 450 centres across the country.


Edited by Victoria Watcher, 04 August 2024 - 09:19 AM.


#268 mbjj

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Posted 04 August 2024 - 02:23 PM

For older women, Hudson's Bay is the only place to buy unmentionables, lol. There really is no where else with the huge selection and proper fitting technique. 



#269 Matt R.

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Posted 04 August 2024 - 03:55 PM

Try Adam and Eve, just down the road.

#270 lanforod

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Posted 04 August 2024 - 04:45 PM

The real unmentionables.
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#271 Matt R.

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Posted 04 August 2024 - 11:20 PM

There is some truly crazy stuff in there, tbh. Great staff.

#272 mbjj

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Posted 05 August 2024 - 01:30 PM

There is some truly crazy stuff in there, tbh. Great staff.

Granny panties?  :banana:



#273 lanforod

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Posted 05 August 2024 - 02:46 PM

Probably but only in black with some special accessories.

#274 Matt R.

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Posted 05 August 2024 - 10:49 PM

Granny panties?  :banana:


Absolutely. Edible, non edible, etc.
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#275 Mike K.

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Posted 11 November 2024 - 08:51 AM

A large fashion retailer has closed, opposite La Senza.

Does anyone recall what store that was? It would have been at the southeast corner of the main axis on the ground floor, looking out onto the elevators.

Speaking of elevators, one of the two elevators at the Bay remains out of order. It can take quite a while to wait for it, to then get down to the parkade below.

At the east end of the ground floor, from the escalators to the end of the mall, only the dental clinic, the dollar store and the lotto kiosk remain. The rest of the spaces are vacant now.

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#276 Mike P.

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Posted 19 December 2024 - 07:00 PM

Why does Telus have 3 locations in that mall? They have a kiosk in the basement, and 2 stores on the main floor (one near the front door and one near the side door facing Fort Street).

I also noticed tonight half the stores are cellphone / cellphone accessories stores. wth

They literally have:
Bell
Koodo/Telus (x3)
Rogers/Fido
Freedom Mobile
Mobile Q
Tbooth
Virgin
Sparktech 
Mobilesnap
Etc


Edited by Mike P., 19 December 2024 - 07:05 PM.


#277 mbjj

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Posted 20 December 2024 - 02:56 PM

We used to love going to the Eaton Centre when Victoria still had the First Night celebrations. The Symphony used to play in that area that used to be a very nice fountain. 



#278 Mike K.

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Posted 02 January 2025 - 01:45 PM

I was just thinking, that we haven’t had any major retail announcements for openings at this mall since Winners opened in 2018.

- https://victoria.cit...a-s-bay-centre/

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#279 Barrister

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Posted 02 January 2025 - 04:33 PM

I was down there to access the service Canada desk. Not a lot in the way of high end retailers and far too many shops closed.



#280 Mike P.

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Posted 02 January 2025 - 09:31 PM

I was just thinking, that we haven’t had any major retail announcements for openings at this mall since Winners opened in 2018.


At least there are brand new stairs leading to the empty gym. 😜

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