Outlet shoppers and bargain hunters, brace yourselves: you’ll soon be able to stay far closer to home when shopping your favourite brands.
In a few short months, a shiny new outlet mall will welcome to the GTA a variety of brands that have never before brought their outlet stores to Canada.
Developed by Simon Property Group and Calloway Real Estate Investment Trust, the new retail hub represents the first Premium Outlet Center to open in Canada.
The upscale outlet mall concept has done well in U.S. markets and abroad, as Simon has continued to expand its roster of more than 300 malls.
Altogether, the mall will boast 85 upscale outlets, with at least eight representing outlet brands that are new to Canada. These include:
- Cole Haan
- Columbia Sportswear
- Kate Spade New York
- Polo Ralph Lauren
- Restoration Hardware
- Ted Baker London
With easier access to these and other brands, many Toronto-area shoppers may be taking fewer trips to the U.S. once the new shopping hub opens its doors. As a result, outlet malls south of the border may begin to see fewer Canadian shoppers browsing their offerings.
In particular, Fashion Outlets of Niagara Falls – a popular destination among Canadians given its close proximity to the border – could see its traffic decline given that many of its retailers will now have Canadian locations.
Whether the merchandise offerings and prices are on par with the U.S. stores, however, remains to be seen.
Some of Toronto Premium Outlets’ other retailers include:
- Banana Republic
- Brooks Brothers
- Eddie Bauer
- Gap Outlet
- J. Crew
- Lucky Brand Jeans
- Michael Kors
- True Religion
In addition, the shopping centre will be anchored by the first ever Hudson’s Bay Outlet – something I’m personally curious to check out. Since The Bay has spent the past few years continuously improving the quality of merchandise it carries, an HBC outlet could be a good place to scoop up some high-end brands at affordable prices.