Polo Park remains to be working to determine the way to substitute Sears.
The struggling division retailer chain introduced late final week that it will be looking for court docket approval to shut ten shops throughout Canada.
Sears closing in Polo Park
That’s on high of the 59 shops that Sears introduced again in June could be closing.
The Sears location at Polo Park is the most important retailer within the mall: taking over 280,000 sq. ft of area, it is going to be a tall process to refill.
“Right now we don’t have a direct plan in place. I can’t at this point start discussing names because it’s too early in the process,” defined Polo Park General Manager Peter Havens. “But we do feel it’s a really great opportunity to create some really wonderful shopping experiences.”
Sears Garden City in Winnipeg to close down
A court docket ruling this month will decide if Sears has permission to shut down the ten shops as deliberate. Havens informed Global News that the present plan for the Polo Park location is to shut December 15.
“We’ve been in talks with Sears since they declared their problems. I think the opportunity to buy back this lease is part of a longer-term plan for our site,” Havens stated.
The decline of the as soon as-nice retailer is a part of a rising pattern of shoppers utilizing the web for his or her procuring wants as a substitute of heading to the mall. Despite this, Havens isn’t anxious concerning the general well being of his mall.
“There’s been lots of times throughout history where, for one reason or another, the economy has been struggling or retailers have been struggling,” Havens stated. “Polo Park continues to grow and really be a desirable destination. I think having the right retail mix helps us stay on course.”
If the court docket guidelines in Sears’ favour, Havens stated liquidation gross sales would begin nearly instantly.