|Petcetera on Empress near Polo Park|
In the last days we have seen two other national retailers falter.
Petcetera on Empress near Polo Park is among six casualties in cities in various provinces that have suddenly closed. The pet store retailer struggles along but it is now out of Manitoba.
Likewise, retailer Jacob has declared bankruptcy and will close all 92 stores in Canada including in St. Vital Shopping Centre.
It will probably be no problem for St. Vital to find a store anxious to replace Jacob. Polo Park and St. Vital are top spots for any up and comer retailer to make their mark.
Polo Park has decided losing Zellers is a good opportunity to invest and is spending $50 million upstairs and down to accommodate H&M and Anthropologie, a Philadelphia-based clothing, accessories and furnishings store. This renovation comes on the heels of the $30 spent in 2007 and the second floor addition in 1987 that cost $75 million.
Retail is a tough business. Expect it to be even harder for some established Canadian retailers to remain attractive to consumers in the future.