Ready to Shop? 3 Vancouver-Area Malls Make Canada’s Top 10 Ranking

Photo credit: GoToVan | Flickr

Photo credit: GoToVan | Flickr

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

Attention Shoppers: List of New Luxury Malls and Stores Opening in Vancouver

Plans for the new Simons store in Park Royal Mall.

Plans for the new Simons store in Park Royal Mall.

It’s a great time to be a shopper in Vancouver.  Retailers from around the world are scheduled to open new flagships stores in the city in the coming months and years.  New malls are under construction and old ones are under renovation.

Here’s a quick look at some of the upcoming changes in Vancouver’s retail landscape:

Park Royal Mall RedevelopmentThe venerable North Shore mall is in the midst of a $150-million improvement and expansion project that will add an additional 300,000 square feet of retail space.  New tenants like Anthropologie and Zara will soon be joined by Vancouver’s first La Maison Simons.  The Quebec-based specialty fashion retailer is slated to open a 100,000-square-foot store in 2015.   Continue reading:
Attention Shoppers: List of New Luxury Malls and Stores Opening in Vancouver