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Retail News: Nordstrom’s Sugarfina Seeks Canada-Wide Expansion
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(Posted on Feb 22, 2017 at 12:25AM by Michelle Bogle)
Something sweet is happening the B.C.’s luxury retail sector. The premium candy brand Sugarfina is looking to expand beyond its Nordstrom doors into stand-alone space in major markets across Canada, including Vancouver.
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Sugarfina is well-known for its opulent items made from high-quality ingredients, sourced directly from international artisan candy makers. Products include gourmet chocolates, malt balls, licorice and other delicious confections, such as champagne-infused gummies and maple bourbon caramels.
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In Canada, Sugarfina shop-in-stores are located inside all five operating Nordstrom locations. The first boutique opened at Nordstrom’s CF Pacific Centre in Vancouver in the fall of 2015.Â
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The retailer has partnered with a Montreal-based brokerage on its freestanding Canadian store expansion, which could see up to 10 stand-alone locations. Initially, Sugarfina is looking at Toronto and Vancouver for stores, ideally in the 600 square foot to 1,000 square foot range, within shopping malls.Â
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The brand already has 27 small stand-alone boutiques boasting high sales per square foot in the United States. Its preferred co-tenants include Lululemon, Aritzia, Sephora, Apple, Godiva and other premium brands.
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For more insight into the Lower Mainland’s retail sector, as well as commercial real estate investment opportunities, please contact our Vancouver office to speak with an advisor.
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