Bloomingdale’s Could Still Open in Canada
Upscale New York City-based department store Bloomingdale’s may still be interested in opening in Canada, according to sources. The retailer has yet to find “the right real estate” in Toronto, though it has been reportedly scouting for space in Canada’s largest city, according to Women’s Wear Daily. If Bloomingdale’s does open Canadian locations, it will face intense competition from the likes of Holt Renfrew as well as American retailers Saks Fifth Avenue and Nordstrom, both opening multiple Canadian locations over the next several years.
Sources inform us that Bloomingdale’s has been examining Canadian real estate for the past several years, with landlords of many top malls courting the retailer. We were told that Ivanhoe Cambridge, for example, was interested in having Bloomingdale’s anchor the southern portion of its expanded Oakridge Shopping Centre in Vancouver. Bloomingdale’s representatives have spoken to multiple Toronto landlords as well, according to sources. Other mall landlords have been in talks with the retailer though as far as we’re aware, no deals have been reached.