presentation titlebomaedmonton.org/uploaded/bomacushman-retail2015.pdf · 2020. 3. 12. · boma...

BOMA 2015

Retail

Jamie Topham, CCIMPartner

2

AGENDA

•Emerging Retail Trends

•Digital World

•Location Based Advertising

•Technology

•Online Retail

•Acquisitions

•New Retail Development Projects

•Industry News

•What Does Our Future Look Like?

BOMA 2015 | Cushman & Wakefield Edmonton

Approximately 20% of the world’s population are

Facebook users (1.49 Billion, 2015)

14 Million active Canadian users or 40% of the

Canadian population

97% of the top 250 Internet Retailers have at

least one branded Facebook page

68% of Canadians now own a smartphone, up

from 55% in 2014

Emerging Retail Trends

An Increasingly Digital World


A form of mobile marketing that delivers mobile

display banner ads, paid search ads, and other

forms of ads directly to user smartphones in a

close proximity of point of sales

Expected to grow by 150% in the next 5 years


Location Based Advertising/Technology

POS Technology: Initiative to make the

cash register extinct

Wearables: smart watches, glasses,

fitness monitors, etc.


Online Grocery Delivery Services

Grocery Gateway: Ontario based, over

40,000 active users. Now delivering alcohol

Walmart: Same day shipping

Amazon Fresh: Seattle, Los Angeles, San

Francisco, San Diego, New York City and

Philadelphia. “Free same day early morning

shipping on orders over $35”

Loblaws: Order online, pickup at selected

location. Edmonton is the first market in

Western Canada to receive the company’s

click-and-collect service. Starts on Friday



Key Questions Moving Forward:

Can these companies maintain profitable

margins?

How will this impact existing brick and mortar

grocery stores?

What impact will this have on small retailers

in food anchored shopping centres?

What impact will this have on developers?

Online Grocery Delivery Services



Canadian businesses in all categories sold

over $136 Billion online last year (Statscan)

76% of Canadians shopped online last year

Online retail spending in Canada will climb

to $33.8 Billion in 2018 from a level of $20.6

Billion in 2013

Online Shopping

Canada

Leading Companies In Canada

1. Amazon.com, Inc.

2. Best Buy Co., Inc.

3. The Home Depot, Inc.

4. Wal-Mart Stores, Inc.


Have you ever purchased something

online under the influence?

Growing trend around the world:

According to the New York Times, the

busiest time of day on eBay is from 6:30

p.m. to 10:30 p.m. in each time zone

Does drinking fuel that burst of sales?

"Absolutely," Steve Yankovich, vice

president for mobile for eBay

Some retailers specifically target the

inebriated crowd by using

"limited time only" specials beginning after

the witching hour, reported the Times

Online Shopping Trends

Shopping Under the Influence

I once bought a Bell & Howell

multi-track tape recorder for

€8. A bargain, except that it

was in Bremen, Germany,

weighed 350kg, and I had to

pay the postage. About €650

if memory serves. It turned

out to be one of those old

James Bond-type data

recorders and, as such,

totally useless. Red wine,

that was …


Has your child ever purchased

something online without your

authorization?

When your own kids do the unauthorized

purchasing, who pays?

What does authorized really mean?

Those questions gained higher visibility

January 2014 when the Federal Trade

Commission ordered Apple to pay out a

minimum of $32.5 million to reimburse

parents for unauthorized mobile app

purchases made by their kids.

Online Shopping Trends

Unauthorized Card Charges

One in five children admits secretly

using their parents' credit cards to

make internet purchases


Sobey’s & Safeway

$5.8 Billion

Along with 213 Safeway grocery stores —

more than 60 per cent of which are in

Calgary, Vancouver, Edmonton and

Winnipeg — Sobeys will also acquire:

• 199 in-store pharmacies.

• 62 gas stations.

• 10 liquor stores.

• 4 primary distribution centres and a related

wholesale business.

• 12 manufacturing facilities

Acquisitions

Burger King & Tim Horton’s

$12.5 Billion

The companies say that combined they

will have $23-billion (U.S.) in system

sales, with more than 18,000

restaurants in 100 countries. This will

make the new company the third largest

in the quick-service restaurant space.

Loblaws & Shopper’s Drug Mart

$12.4 Billion

The combined company has roughly

2,300 corporate, franchised and

associate-owned stores across Canada

and nearly 1,800 pharmacies.


Notable Retail Development Projects

Edmonton

Manning Town Centre – Cameron DevelopmentsManning Freeway & 153 Avenue

820,000 square feet of leasable retail area on a

75.3 acre site

Canadian Tire, McDonald’s, Liquor Depot,

Dollarama, The Shoe Company, Rogers, GNC,

Opa, Lowe’s, Blaze Pizza, HomeSense,

Marshalls, Sportchek, Petland, Quiznos, Bell,

Boston Pizza, Cineplex, Chili’s, Edo, Tommy

Gun’s, Five Guys, Cabela’s, Browns Social

House, Q-Nails, Subway, Popeye’s



Edmonton

Harvest Pointe – Cameron Developments50th Street & Ellerslie Road

Super Walmart, Sobeys,

McDonald’s, Petro-Canada, Servus,

Edo, RBC, TD, Starbucks, GNC,

DQ, Great Clips

375,000 square feet of leasable

retail area on a 39.7 acre site



Edmonton

ICE District – WAM Developments103rd Street & 104th Avenue

300,000 square feet of leasable multi-level retail area



Edmonton

ICE District – WAM Developments103rd Street & 104th Avenue

4,000 new underground parking stalls, over 1,350 condo units, Rogers place for 20,000

fans, 35,000 square feet for Cineplex VIP Cinemas, Grand Villa Casino offering 60,000

square feet of gaming, dining and live entertainment

Ground Floor Second Floor



Edmonton

Brewery District – First Capital Realty & Sunlife Financial121 Street & 104th Avenue

300,000 square feet of mixed use office/retail with 250,000 square feet of underground

parking on a 13 acre site

Loblaws City Market, Winners, Shopper’s Drug Mart, Good Life Fitness, MEC



Edmonton

Griesbach – Brentwood Developments137th Avenue & 97th Street

109,000 square feet of leasable retail area on a 13.23 acre site

Shopper’s Drug Mart



Edmonton

Jagare Ridge -28 Avenue & 141st Street

85,650 square feet of leasable retail area

Proposed grocery anchored site



Edmonton

The Outlet Collection at EIA – Ivanhoe CambridgeAirport Road

415,000 square feet of leasable retail area, open in Fall 2017

A new airport shuttle service will be in place by the opening of the centre, which will

provide airport travellers with the opportunity to easily move between the Terminal and

Outlet Collection at EIA during longer layovers

A new parcel storage service will be established to accommodate customers who buy

on the way through, with pick-up service on the return leg of their travel


News

Retail Sales per Square Foot


• Going forward, we will see more mixed-use multi-family retail projects

• Large power centre developments anchored by fashion will slow down

• Edmonton still enjoys a relatively low vacancy rate (4.6%) compared to

other cities

• No one can say for certain what will happen with oil pricing and how

long it will be depressed, but today our local retail market is strong, and

developers are paying close attention to the amount of product they

bring to the market

• I think it is fair to say a very deliberate “phased” approach is certainly

underway in terms of what product retail developers are bringing to the

market in the next few years

What Does Our Future Look Like?

Alberta

Thank You

presentation titlebomaedmonton.org/uploaded/bomacushman-retail2015.pdf · 2020. 3. 12. · boma...

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