We will be updating items relating to the performance of Canadian Target locations there
]]>This list was just released by Target:
More info here
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After two years of updates and hundreds of thousands of views on this site Target has opened a new chapter in Canadian retail.
We will continue to provide Target opening updates here
We will begin evaluating the impact Target is having on its competitors. A page for each of the main competitors is here
Retail competition in 2013 will be fierce and we will monitor it and post updates on this site.
Video on Target Pharmacies:
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OfficeMax and Office Depot are in talks regarding a merger with a possible deal being made early this week, although talks are still ongoing. Should this merger happen, there would likely be rationalization of the combined store network. Stores that are less than 0.5 miles apart would be at the top of the rationalization list. These are indicated on the map below.
News Article
Wall Street Journal - Landlords Prefer Deals Like Office Depot-OfficeMax to Liquidations
Financial Post - Office Depot, OfficeMax in merger talks to compete with Staples
Forbes -Office Depot - OfficeMax Merger Would Probably Avoid Antitrust Issues
Reuters -OfficeMax investor says will support Office Depot merger
International Business Times - Office Depot, OfficeMax Merger: Office Supplies Retailers Reportedly In Talks To Merge
The Star - Buyout talks send Staples stocks soaring with biggest intraday gain in 4 years
]]>This morning some Best Buy and Future shop locations announced they were permanently closed announced by signs in their windows.
Here is an article on the closures: National Post
No doubt there are a number of factors that led to this decision including:
Below is a map of current and closing location, as well as a list of closed locations based on the company's statement (Best Buy). We are continuing to monitor developments & will update the list as we get more information.
View Best Buy and Future Shop Closures in a full screen map
Future Shop Canadian Closures:
| 22 | Calgary - Macleod | 7337 Macleod Trail SW | Calgary | AB |
| 6 | Burnaby - Kingsway | 144 - 6200 McKay Avenue | Burnaby | BC |
| 709 | West Kelowna - West Kelowna FS | 3600 Carrington Road | West Kelowna | BC |
| 28 | Winnipeg - Regent | 2 - 1570B Regent Avenue W | Winnipeg | MB |
| 77 | Ancaster - Ancaster | #1-1110 Wilson Street West | Ancaster | ON |
| 629 |
Mississauga - Erin Mills Possibly Converting to Bed Bath and Beyond |
3050 Vega Boulevard | Mississauga | ON |
| 635 | Barrie - Barrie South (Beside Best Buy) | 80 Concert Way Unit 4 | Barrie | ON |
| 665 | Laval - St. Dorothee | 940 Highway 13 | Laval | QC |
| 667 | Montreal - Forum | 108 - 2313 Sainte Catherine Street W | Montreal | QC |
Best Buy Canadian Closures:
| 957 | Queensborough | 805 Boyd St | New Westminster | BC |
| 981 | Nanaimo | 4735 Rutherford Rd | Nanaimo | BC |
| 983 | Victoria | 3501 Blanshard St | Victoria | BC |
| 987 | Langford | 109-2955 Phipps Rd | Victoria | BC |
| 993 | South Surrey | 15760 Croydon Dr | Surrey | BC |
| 903 | Sherbrooke | 1255 Du Plateau-saint Joseph Blvd | Sherbrooke | QC |
| 996 | Lachenaie | 651 Des Migrateurs St | Terrebonne | QC |
We have been analysing the location strategy of many major retailers using AggData information. The depth of it is really great - every location for a large number of retailers.
We did an analysis looking at the average and overall draw for each retailer on a consistent basis and ranked the results in the table below.
How we did it: For each banner, we summed the population around each location that is closer to that location than any other. We included only population within 30km or 18.6 miles of each location. This eliminates overlaps and the problems they cause.
We then summed up the total draw for each banner to calculate its US Draw.
The sources are AggData for the locations and US census populations.
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