Quote:
Originally Posted by Street Pharmacist
The level of competition in the retail sector in Canada has ramped up immensely in the last 2 years especially. So much so analysts universally are calling it unprecedented. If you add up all the targets opened plus all the Walmart expansion in the last two years it's a giant increase in sq ft. The Walmart expansions alone are more square feet than all 1300 shoppers drug Mart stores combined. That's massive
|
That's mostly true, but most of the Targets are replacing Zellers stores, which isn't new retail square footage.