If you want to shop ’til you drop in Canada, Vancouver is the place to be.
The city boasts three of the top-10 performing malls in Canada, according to a new ranking released by Retail Insider. Demand for luxury goods, not to mention fancy perks like valet parking and personal shopping services, is driving sales to unprecedented heights in Vancouver.
The city’s top-ranking mall is downtown’s Pacific Centre, which came in second overall on the list, behind Toronto’s Yorkdale Shopping Centre. Pacific Centre averaged $1,599 in annual sales per square foot, a 6.7-percent increase over last year.
Oakridge Centre ranked third on the list, with $1,537 in sales per square foot, an increase of 10.2 percent. Burnaby’s Metropolis at Metrotown earned the ninth-place spot, with $1,008 in sales per square foot, up 13.8 percent from last year.
But how to explain these skyrocketing sales during a year when markets were bearish and the economy overall seemed on shaky footing? Continue reading:
Ready to Shop? 3 Vancouver-Area Malls Make Canada’s Top 10 Ranking