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Mondo_Grosso

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  1. 3 hours ago, Ousb said:

    I always find it sad when we enjoy criticizing other cities to make ourselves look better que ce soit Toronto ou d’autres villes. That’s a small city mentality...The crime rate doesn’t make Chicago less of a world class city. 

    I agree with you to an extent, except that people will also compare what other cities do better than Montreal as a form of criticism.

    An international city needs to have a globalized approach. We do not live in a bubble, there is no harm in comparing what we do better, or worse, than other cities. It's vital even.

    • Like 2
  2. 44 minutes ago, ConcordiaSalus said:

    Wow. Vraiment wow.

    YUL, TDC, Roccabella, Drummond, Maestria et maintenant Donnacona... après Montréal la ville au mille clochers: Montréal la ville au tours jumelles.. Montréal twin tower city. 

    J'espère que ce projet se réalisera!

    Il y a beaucoup de tours jumelles à Toronto aussi, on est loin derrière eux. Malheureusement, on a beaucoup de grands terrains à développer, et les grands terrain invite les tours jumelles.

     

    • Like 1
  3. A potential option for Bonaventure?

    https://www.thestar.com/amp/business/2019/11/06/ikea-finally-announces-urban-stores-for-downtown-toronto.html

    Ikea finally announces urban stores for downtown Toronto

    By Josh Rubin Business Reporter

    Wed., Nov. 6, 2019

    If it doesn’t involve a drive to the suburbs and wandering for three hours through an endless maze of furniture and tealights, does it still count as shopping at Ikea?

    The Swedish retail giant sure hopes so as it seeks to capture urban consumers who are driving less and who don’t live near the chain’s traditional big box stores.

    The new Ikea stores planned for urban centres will be a lot smaller than the company’s average footprint of 300,000 square feet. (Toronto Star File Photo)

    Ikea Canada president Michael Ward confirmed Wednesday that Canada would be the latest target in the company’s push into urban centres, announcing plans for small-format stores in downtown Toronto within the next two years.

    “There are more people coming into the city. Fewer people own cars. People want to live, work and shop in a closer area, especially when you’re living in the middle of a dense city with smaller spaces and expensive rents,” said Ward of the reasons for Ikea’s urban push. There are currently 14 Ikea stores across the country, with five of them in Ontario.

    Retail analyst Lisa Hutcheson says the new, smaller-format stores should be a boon to Ikea’s bottom line.

    Article Continued Below

    “This will bring them new customers who might otherwise never shop at Ikea. This is a way for them to still stay relevant,” said Hutcheson, managing partner at retail consultancy J.C. Williams Group.

    The biggest of the new stores will likely measure about 50,000 square feet. While that’s still not exactly teeny-tiny boutique territory, it’s still a lot smaller than the company’s average footprint of 300,000 square feet.

    Most of the new stores — whose locations have not yet been determined — will essentially be showrooms, with online ordering kiosks and a handful of items that people can walk out with. (Some mini “planning studio” locations in London and New York City are as small as 5,000 square feet.)

    Customers will be able to get their furniture (and other Ikea products) delivered to their homes, or to a network of new pick-up points in the city. Ward said the retailer will be expanding its current partnership with Penguin PickUp, which currently has two locations in Toronto where Ikea goods can be sent.

    “We’re working with making many, many collection points in the city that are close to everyone,” said Ward. “So you could also say ‘we can do click and collect,’ but you don’t have to go to one of our stores, you could go to something that’s very close to you in the city already.”

    There are already 15 smaller-format stores in 10 cities around the world. In the initial roll-out, customers were at first a little baffled and frustrated by the format, said Ward. With fewer products to look at, let alone buy, some struggled to see the point.

    Lesson learned, said Ward. At least one of the downtown stores in Toronto will have every single Ikea product on display — even if you can only take a handful of items home on the spot. The rest can be ordered for delivery.

    Article Continued Below

    “Having that smaller store that has the full offer, I think is critical, so that people can come in and say ‘I can see everything, I can interact with everything.’ They won’t say ‘where are the bedrooms?’” Ward said.

    The new urban locations should also help Ikea stave off online retailers who have become a growing part of the home furnishing market, Hutcheson said.

    “There are online-only retailers like Wayfair who are really pushing them,” Hutcheson said.

    While the new format stores could help boost online transactions, Ward isn’t concerned about cannibalizing sales from Ikea’s existing big-box stores, which accounted for roughly 90 per cent of the company’s $2.53 billion in revenue in Canada in the last fiscal year. The company saw $261.2 million in online sales in Canada.

    “I always say that our existing stores are the jewels in our crown, and they still are. That’s where people can experience the full offer,” said Ward. “So even if you think about 40 per cent growth in online over the next few years, that’s still 75 to 80 per cent of our sales which will come from the existing stores.”

    Ward denied that plans for a new big-box store in London, Ont., were shelved strictly because of the move towards smaller stores, but acknowledged the market is shifting even in smaller cities.

    “We’re still looking at what we’ll do with London. And we certainly haven’t said London’s not part of our plans for the future,” said Ward.

    The big-box stores are valuable for another reason, Ward said — they can also serve as supplements to Ikea’s warehouses (one in B.C. and one in Kleinburg, Ont.).

    “It’s not either or. So it’s not like our existing stores are part of the past and what we’re developing is part of the future,” said Ward.

    • Like 3
  4. On 2019-07-11 at 12:50 AM, SonnyT31 said:

    Didn’t hear anything about a hotel..Details are being finalized, all I can say for now is the developer/builder of this new project is presently very active downtown!

    stay tuned !

    I want to thank you for the scoop, it turned out to be true!

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