Nespresso to Expand into Western Canada
Nestlé-owned Swiss coffee brand Nespresso will expand its Canadian operations this year, by opening its first permanent freestanding location in Western Canada. The company is working with brokerage Oakmont Real Estate Services for its Canadian expansion, which is expected to include several new Nespresso locations yearly.
In March of this year, Nespresso will open a 335 square foot boutique at Vancouver’s Oakridge Centre. The jewel-box-like store will be smaller than most freestanding Nespresso locations, many of which surpass 2,000 square feet in size. While small, Oakridge’s Nespresso will boast a strategic corner location near prestige retailers Tiffany & Co. and Harry Rosen, as per the mall lease plan below. Many retailers do exceptionally high sales at Oakridge, with a new Retail Council of Canada study ranking it as Canada’s second-most productive mall in terms of annual sales per square foot. Nespresso is currently hiring for the new space, and we’ll update this article when we learn of the exact store opening date.