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Simons opens first Toronto retailer at Yorkdale. Can it succeed the place Nordstrom failed?



La Maison Simons

opened its first Toronto location in Yorkdale Purchasing Centre Thursday, and chief govt Bernard Leblanc talks with the Monetary Submit’s Larysa Harapyn about how the corporate is bullish regardless of the financial headwinds dealing with retail.

The 185-year-old Quebec retailer was capable of transfer into Yorkdale and a second location within the Eaton Centre this fall as a result of U.S. division retailer

Nordstrom Inc

left Canada, saying it had been too arduous to make a revenue out there.

Simons will spend a mixed $100 million on the 2 Toronto shops and Leblanc expects them to extend the corporate’s annual gross sales by 15 per cent.

  The Simons storefront in Yorkdale.

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With recordsdata from The Canadian Press



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