Reitmans closing in Prince Rupert?


#1

Heard on the weekend that Reitmans may be shutting down in the Rupert Square Mall.

Any truth to this rumour? If that is true, I wonder if Walmart will attempt to expand like they wanted to in their initial plans.


#2

I personally would love to see our mall appear to be full of more shops. there being too many empty spaces just makes it an eyesore. That being said i am sure that there would be plenty of room for all the shops upstairs to relocate downstairs.


#3

The unfortunate thing is that the “value” that a mall provides to stores is traffic.

So when a mall isn’t full, it’s not providing the full benefit to stores. Fewer people going to the mall because there are fewer stores leads to fewer stores. Then it’s a downward spiral.

I’ve seen it where malls pull themselves out of that by offering new stores free rent for a few months. That’s better than having an empty store, because at least it will attract traffic for your other stores.

I’ve also seen a large American chain try and kill a mall by doing the opposite. They were previously one of the ‘anchors’ at a mall, and it was thriving. Then they built a new Mega-lo-mart in another part of town, and were in direct competition with the mall. But since they still had a lease on their previous space at the mall, they just left it vacant. With the lights and HVAC on full steam. And the mall started to suffer badly.


#4

If it is true I hope that the workers are able to find new jobs.


#5

Looks like this is now confirmed as true.

That is a sizable loss for the Rupert Square and also I believe the loss of one of their original tenants from back when the mall first opened in the 70’s.

In fact, I believe Reitmans may be the last of their original tenants (not sure if TD and RBC were originally there from the beginning or not, but I don’t think).