Welcome to the final installment, of our four part series on Canada's Changing Retail Environment. We will be exploring the current trends in marketing and development for retail and how these changes are affecting Canada and Manitoba. In part one, we addressed How Retail is Changing, part two discussed how those changes are Shaping Development and part three looked at How Retail is Changing in Canada. This week will examine How Retail is Changing in Manitoba.
Retail is changing due to many factors across Canada, and that change is also occurring in the province of Manitoba.
Manitoba seems an unlikely spot for economic growth, however its economy is among the strongest in the country. The Globe and Mail, Global News and the local print media have provided news coverage on Manitoba’s growing economy. Manitoba’s retail market has grown substantially since 2000 and more than three million square feet of retail (Community Strips, Power Centres and Regional Malls) has been developed in Winnipeg alone, with an additional 1.5 million square feet in the surrounding area.
Several new businesses have opened in Manitoba, such as Swiss Chalet, Save On Foods and Orange Theory Fitness, to name a few.
Manitoba continues to expand. Shindico has a pipeline of 6 million square feet in new and expanding developments, including great new projects such as The Plaza at Polo Park, Grant Park Pavilions, Shops of Kildonan Mile and Westport Festival. In addition to these, there are major commitments in Brandon, Portage la Prairie, Selkirk, Winkler and Steinbach.
Sandy G. Shindleman
President & CEO