Thursday, March 16, 2017
Shoppers Drug Mart is planning to build a new flagship store right at Toronto’s Yonge-Dundas Square, on a site that’s been occupied by the Hard Rock Café for the past 35 years.
The 22,000-square-foot multi-level retail space has considerable exposure on busy Yonge-Dundas Square, which many consider to be Toronto’s answer to New York City’s Times Square, according to a Retail Insider report.
The site offers exposure to over 60 million potential customers annually.
It’s unclear if Shoppers Drug Mart will occupy the entire three floors of retail space, though given its prominent location, the retailer is likely to do something grand, the news report says.
The company is about to launch a new beauty concept that is expected to be part of the new store announcement. Shoppers Drug Mart also operates several stores in the immediate area, including one just across the square at 10 Dundas Street East, as well as a store at the busy CF Toronto Eaton Centre.
The Yonge-Dundas intersection is the busiest pedestrian area in Canada, and is anchored by North America’s busiest shopping mall — the CF Toronto Eaton Centre, which sees an estimated 50 million annual visitors.
Image: Google.ca
