Sears Closing Pacific Centre Store to Make Way for Nordstrom?

March 2, 2012

Posted by Vancity Buzz | 25 »

We’ve long stated that Nordstrom will be coming to Vancouver and today it’s one step closer to happening. Sears Canada has just announced that it is closing down its much coveted store at Pacific Centre by October of this year. That means that a large amount of department space is about to hit the market late this year. They are also closing their store in Calgary and Ottawa.

This is all in an effort to stop the bleeding as Sears hasn’t been performing all that well financially. As of right now it’s being speculated that Sears will spin-off their lease to Nordstrom. However, the rates will be significantly higher than what Sears paid. It’s highly possible that the site could be redeveloped entirely with an office/residential component and scaled down retail to accommodate Nordstrom as they may not need the entire space that will be available once Sears vacates. Again this is all speculation, but ask yourself who else could take up that much space?

It’s no secret that Nordstrom has been looking for downtown Vancouver space. What many don’t know is that they have been eyeing the Sears space for a long, long time. When and if they take over the space, I really hope they do a complete overhaul of the buildings outside. As it stands right now the Sears building is one of the ugliest around.

Vancouver shoppers Robson Street is going to be a lot busier soon as the retail shift continues.

I wonder how The Bay feels about this?

Image by twotwentysix

Chester

close that building down for good! No supise it’s closing that place was a complete pos. I suspect someone from CHina will buy it and open up a huge T&T
Scottie Gates

This is great news for shoppers in the DT core… I really hope they clean up the outside of the building and incorporate better inviting signage.
Darren

Nordstrom would be perfect. Vancouver wants Nordstrom, Sears sucks. I hope they blow up that building and start from scratch like you suggested.
Genica

Sigh, the americanization of Vancouver continues. What’s next?
Master

I too have heard the Nordstrom rumours. can’t wiat.
http://twitter.com/rogernairn Roger Nairn

Hopefully decent shopping…
Canucklehead

Great would love to see this thing torn down
http://twitter.com/sicklove Dylen Durret

Then hire all asian staff!
Vannick

Ugliest Building in Vancouver! get it out of here! they didn’t even clean it for the Olympics!
BCTF

Is this newsworthy? Seriously teachers are on strike.
Tylermc60

it’s not really americanization if one american chain takes over another american chain..
http://twitter.com/kevvur Kev

and closer to US prices
Mainlander

Are you serious? Do you read this blog much?
Mainlander

Maybe McDonald’s or Starbucks?
Some Guy

Are you not familiar with the capitalist system? This happens all the time in the US.
bluepencil

you do realize that T&T is owned by loblaws…
http://twitter.com/dwlonline David W Lemley

I’m kinda happy about this. I seriously hope there is a face lift involved.

I still remember one of the first times I wandered around downtown on my own. I thought the building was where the Canucks played. Like, seriously, I thought it was an arena.
Ec

R u serious, did u not notice the entire sears wall on the robson side filled with olympic team canada stuff?
ariane c

Truth be told, I’m from the States and having another high priced department store downtown isn’t my cup of tea either. Prices will be right between The Bay and Holt’s. Lovely.
Bbehnia11

Racist and bigoted much? If it weren’t for investors from China and other places, Vancouver would be an even uglier shit hole!
Bbehnia11

Better than the “Canadianization” process, which involves setting up a Tim Horton and other “mediocre” and forgettable stores originally from here! At least the American retail giants are iconic!
http://twitter.com/ENTER_DEATH ENTER_DEATH

that would be great! i love t&t, we need more grocery stores downtown
Rosebud

hows it racist to say that someone from China will buy the building and open up a T&T.
China IS buying vancouver piece by piece…not racist but a fact
TiffanyC

I don’t think The Bay feels too threatened, especially with The Room opening up and a complete renovation of the 2nd floor to give it a bit more of a high-end department store feel. Also, with the ever expanding Topshop section and the rumours of “an entire Topshop” (this is in quotations because I still don’t understand how this can happen) opening in The Bay and the sort of London-European-fasion-fanatic shopper demographic that that is directed towards, I’m sure The Bay is feeling quite comfortable in their current position.
Bubba

No more Chinese!! They have ruined Vancouver!!

Sears Closing Pacific Centre Store to Make Way for Nordstrom?

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Sears Closing Pacific Centre Store to Make Way for Nordstrom?

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