"Vancouver fashion retailer Aritzia is set to open a 40,000-square-foot flagship store in a space at CF Pacific Centre formerly occupied by Nordstrom. The luxury fashion retailer already occupies a space at Pacific Centre, but said in a Wednesday statement that it has secured the location for a "flagship boutique" at the intersection of Robson and Howe streets in 2027."
"Founded in Vancouver in 1984, Aritzia's popularity has exploded south of the border in recent years, and its annual warehouse sale in Vancouver remains a popular draw that attracts thousands of shoppers. A retail analyst and professor says Aritzia's new boutique will only fill part of the space formerly occupied by Nordstrom and more retailers could fill it out. WATCH | Aritzia plans flagship store in Vancouver: Many have wondered who will be taking the old Nordstrom space in downtown Vancouver location."
""They're only taking on 20 per cent of the space," said David Ian Gray, an instructor at the Capilano University's School of Business. "It was far too big even for Nordstrom. It's being divided up. "I think by signing Aritzia world-class Canadian retailer, by the way I think what this does is it will either help them firm up whoever they're in negotiations with, or draw more prime target companies in.""
Aritzia will open a 40,000-square-foot flagship boutique at CF Pacific Centre in downtown Vancouver in 2027, taking a portion of the former Nordstrom space. The company already occupies a store at Pacific Centre and was founded in Vancouver in 1984. Aritzia's popularity has grown strongly in the United States, and its annual Vancouver warehouse sale attracts thousands of shoppers. A retail analyst says Aritzia will occupy about 20 percent of the former Nordstrom space, with additional retailers expected to fill remaining areas. Filling the vacant Nordstrom and Hudson's Bay spaces could revive foot traffic and support nearby downtown businesses and residents.
Read at www.cbc.ca
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