Yorkdale Shopping Centre’s position as Canada’s most productive mall has been again confirmed by the latest edition of the International Council of Shopping Centers (ICSC) sales performance report of Canadian Shopping Centres. Ranked first in Canada, the two million square foot Toronto property is also a top performer in North America with an exceptional annual sales performance of $2,226 per square foot.
“For almost 60 years, Yorkdale has been a leader in the industry with its unrivaled mix of first to market, luxury, and flagship retailers, that attracts both brands and shoppers from across Canada and the world,” said Bradley Jones, Head of Leasing and Operations, Oxford Properties.
“Yorkdale is the destination where designers choose to open first in Canada. The centre has welcomed an impressive number of first to market luxury retailers and destination food and beverage offerings over the last few years. Yorkdale continues to elevate the shopping experience to draw visitors from across Canada and internationally with the centre’s sense of discovery and sophistication.” said William Correia, Director, Yorkdale Shopping Centre.
Fifty-three new retailers opened locations at the property in the past five years, including 29 first-to-market brands, more than half of which operate in the luxury category. Notable flagship locations include Louis Vuitton and a two-level Nike location. Last year, Yorkdale welcomed %Arabica, Acne Studios, Diptyque, Emporio Armani, Fendi, Ganni, Mango, Vinfast and Offline stores. In 2020 and 2021, Golden Goose, Thom Browne, Tudor, Celine, Alexander McQueen opened stores. Other popular brands that opened during the past few years include Van Cleef & Arpels, Moose Knuckles, Piaget, Zadig & Voltaire, Panerai, Vacheron Constantin, Bottega Veneta, Chloé, Valentino, Balenciaga and Furla.
The 2022 performance milestone translates to annual sales of more than $2 billion, a dramatic increase over the past decade because of a dedicated focus on high-end brands and luxury corridors. The centre plans to build upon this strategic approach by expanding and enriching the customer experience with the re-merchandising of key corridors to make room for more brands opening in the coming year.