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Canadian Tire opens a digital lab

BY Marianne Wilson

Toronto — Canadian Tire has opened a digital development lab in Communitech, a start-up incubator that is home to some 100 startups and small businesses along with such “strategics” partner companies as Google Inc. and Intel Corp.

Communitech supports tech companies at all stages of their growth and development in the commercialization of innovative technologies.

Canadian Tire will have five full-time employees on site in Communitech and is working in dedicated space within the facility’s ‘hub’ to improve the shopping experience online and in-store for customers using ‘next in class’ advancements in digital technology.

"Canadian Tire has decided that digital is – and will be – a core strategic differentiator in retail," said Marco Marrone, COO for Canadian Tire, which operates more than 1,700 stores under various banners in Canada. "We have been on a digital journey for several years now — and it is clear that to succeed we need strong capabilities in digital and technology. Our Communitech partnership puts us deep inside the smartest brain trust in Canada and will deliver the ‘next in class’ thinking that we need to lead the retail industry and deliver a better customer experience. We have built an internal team and our app lab will explore and deliver consumer applications that support our digital vision."

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buangsila001 says:
Mar-24-2013 02:26 am

Canadian Tire is the largest
Canadian Tire is the largest retailer in the country. Retail operations include Canadian Tire, the core retail and automotive service operation, Canadian Tire Petroleum, men’s, women’s, and work apparel retailer among others. - Carmack Moving and Storage

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REAL ESTATE

Lineup of new tenants to open at Kentucky Oaks Mall

BY Katherine Boccaccio

Paducah, Ky. — Youngstown, Ohio-based Cafaro Co. said that a new restaurant and two new stores will open at its Kentucky Oaks Mall property, located in Paducah, Ky.

Los Burritos Locos will open a 2,400-sq.-ft. restaurant on April 1 near the mall’s main entrance. Yankee Candle will open a 1,200-sq.-ft. store between Gymboree and Victoria’s Secret in June, and Shoe Carnival will occupy more than 16,300 sq. ft. next to David’s Bridal.

Cafaro also announced that The Shoe Dept. will be moving from its existing location and re-emerge as Shoe Dept. Encore, opening the new 15,000-sq.-ft. store in mid-October next to Dillard’s Home Store.

The newly renovated Kentucky Oaks Mall comprises over 1 million sq. ft. and is anchored by Dillard’s, J.C. Penney, Sears and Dick’s Sporting Goods.

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REAL ESTATE

Garrison acquires Louisiana Boardwalk, to rebrand as outlet center

BY Katherine Boccaccio

Bossier City, La. — Garrison Investment Group of New York City announced it has acquired Louisiana Boardwalk, a 562,520-sq.-ft. open-air, mixed-use development on the waterfront of Bossier City, La.

Garrison has retained outlet consultant EWB Development to lease and marketing the center as an outlet destination. The converted retail center will be relaunched as The Outlets at Louisiana Boardwalk.

Opened in 2005, the project is anchored by the only Bass Pro Shops within a 3 ½ hour drive and by Northwest Louisiana’s only IMAX theatre. A mix of outlet retail brands and soft goods retail stores, additional entertainment venues and several restaurants complement the anchors.

The development features approximately 69,000 sq. ft. of second-story office space and a Marriott Courtyard Hotel. The Margaritaville Hotel and Casino will open this summer, adding 400 hotel rooms to the center.

“Our focus and experience in retail re-development, and study of market trends has led us to the conclusion that outlet retail is the highest and best use for this exciting regional destination,” said Mitchell Salmon, SVP/director of Garrison Investment Group. “We are making a significant commitment of time and resources to that end.”

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