Canadian fashion and home decor retailer Simons has announced plans to open two new department stores in Toronto in 2025, has reported. The new stores will be located in Yorkdale Shopping Centre and the Eaton Centre, in the area previously occupied by the US chain , which withdrew from the Canadian market in 2023. The gold standard of business intelligence.
The Quebec-based company is investing $75m in the ventures. The Yorkdale store will span 118,000ft2 on two floors and the Eaton Centre location will cover 110,000ft2 across three floors, making them among the largest Simons stores in the country. Simons reported record sales exceeding $650m in 2023, with two-thirds generated from its physical locations.
The addition of the two new Toronto stores is projected to increase the company’s total sales by 15%. Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research.
Gain competitive edge. Your download email will arrive shortly We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form To support the new locations, Simons plans to hire around 400 new employees, the reported.
The retailer began expanding outside Quebec in 2012 and now operates 17 locations across Canada. Despite having only one store in the Greater Toronto Area at the Square One Shopping Centre in Miss.
