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'Sooke Retail Plaza' is a proposal for a commercial development between the 6700-blocks of West Coast Road/Highway 14 and Eustace Road in the town core of Sooke on Victoria's West Shore.
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Big-box and large format retail is doing very well, and is showing no signs of slowing down. The future, I think, is less specialization per retailer and more add-on value. Look at Canadian Tire's latest stores. They combine CT, Mark's, and Party City under one roof. SuperStore combines Joe Fresh, banking, haircuts, insurance, etc under one roof.
Canadian Tire Q4 2020:
FOURTH QUARTER HIGHLIGHTS
- Strong omni-channel performance in the quarter drove CTC's comparable sales growth of 9.5%
- CTR's strong growth of 12.8% was driven by double digit growth in almost 70% of product categories and Owned Brands growth of 18%
- Mark's delivered strong comparable sales of 7.6%, driven primarily by eCommerce sales and strong performance of national brands
- SportChek's comparable sales growth declined 3%, due to reduced promotional activity, temporary store closures and restrictions
- Over 600,000 new members joined the Triangle program and contributed $168 million in sales
- eCommerce sales in the quarter grew 142%, with penetration rate more than doubling 2019 levels
- eCommerce sales surged across all retail banners, with CTR up 179%
- Digital visits across retail banners grew almost 50% to over 230 million visits
Sounds like brick-and-mortar is doing just fine, and online sales are growing at a very fast clip.
...The minute that Homesense reopened in Ontario it was lined up out the door with people desperate to shop.
The same thing happened at the Homesense on Blanshard when it re-opened last Spring. I should know, I was in the line.
Almost five years in planning now. Sooke's population has grown significantly over the last two decades, and yet it still relies on virtually the same retail services built when it had just a fraction of its regional population.
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An project rendering as presented to Sooke council by Calgary-based Royop Development Corporation for a mixed-use retail and residential project proposed for Sooke's town centre. The proponent is seeking approvals to build approximately 70,000 square feet of retail space anchored by a grocery store, and 200 units of residences.
Nearly five years in planning, Sooke retail centre still on road to approvals
150,000 sq. ft. retail centre coming to North Cowichan near Duncan’s new Quw’utsun Valley Hospital
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Nearly five years in planning, Sooke retail centre still on road to approvals
70,000 square feet of retail space and 200 units of housing are planned for a town centre site.
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