[Aplus23]

why is the IKEA closing, that place is always packed

 

[Richard White]

why is the IKEA closing, that place is always packed

Likely because they are not selling much merchandise and if they are it's not of high value.

If majority of your sales are from $10.00 potato peelers, $15.00 shelves and $8.99 meatballs you won't survive.

Likewise, a store can be packed but if nobody is buying anything it will go tits up pretty quick.

My guess is the rent was astronomical but without furniture to fall back on they weren't making enough money.

 

[sixrings]

When the subway is completed (when?) there will be more traffic through the mall.
The big empty spaces will be filled by then.

Is your logic that people from the danforth will come to STC because it’s now on a subway line? Do people from Yonge and finch who want to go to a mall go to Fairview via subway instead of Easton center? Will the subway going up to steeles make center point busier? How about subway to square one. People from Kipling can leave cloverdale for something decent.

 

[Sunnyside]

Is your logic that people from the danforth will come to STC because it’s now on a subway line? Do people from Yonge and finch who want to go to a mall go to Fairview via subway instead of Easton center? Will the subway going up to steeles make center point busier? How about subway to square one. People from Kipling can leave cloverdale for something decent.

I can’t pin down how much, but centralization effects are a thing, and infrastructure does do that…

 

[AlvinofDiaspar]

It wouldn't hurt, but I suspect the greater benefit of the subway so far as STC is concerned is residential development that would feed customers into the mall.

AoD

 

[sixrings]

It wouldn't hurt, but I suspect the greater benefit of the subway so far as STC is concerned is residential development that would feed customers into the mall.

AoD

This is 99% why it will be busier. Maybe 1% will be people coming to check out the utopia that Scarborough has become.