Ivanhoe Cambridge revamping its major malls in GTA, Montreal amid growing online threat [Toronto Globe and Mail (Ontario, Canada)]
lululemon athletica inc. (LULU)
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Source: Toronto Globe and Mail
Ivanhoe Cambridge revamping its major malls in GTA, Montreal amid growing online threat Ivanhoe Cambridge Inc. is reinvesting in its suite of Canadian malls and plans to upgrade marquee properties as it combats the growing threat from online retailers. The Montreal-based real estate company, which is owned by Caisse de dépôt et placement du Québec, expects to spend about $5-million on major mall improvements this year. That includes overhauling part of Vaughan Mills, north of Toronto, and erecting an entertainment area for activities like bungee jumping. It also plans to turn part of its Montreal Eaton Centre into a market of bars and restaurants, similar to the popular Time Out foodie destination in Lisbon. Ivanhoe’s strategy is to transform existing malls into destinations that appeal to more than just shoppers. It is a critical investment for the real estate company as e-commerce and Amazon.com Inc. continue to play a role in decimating traditional stores like Sears and other mall
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LULU
Earnings
- 3/21/24 - Beat
LULU
Sec Filings
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- 4/3/24 - Form 4
- LULU's page on the SEC website