Opinion: Oakridge Welcomes New Vancouver Luxury Retailers

Craig and Lee discuss Oakridge Park's transformation into a luxury retail hub, as revealed in their latest podcast. The announcement includes a mix of luxury and upper contemporary brands, such as Christian Louboutin, Miu Miu, Alexander Wang, Maison Margiela, and Versace, marking a significant upscale shift for the shopping center. With about 20% of its retail space dedicated to luxury brands, Oakridge is set to become an exclusive mall attracting wealthy clientele. Craig shares insights from Crystal Burns of Quad Real, emphasizing the strategic positioning of Oakridge Park in Vancouver's retail scene.

The podcast delves into the unusual strategy of announcing retailers in batches, a rare occurrence in Canada according to Craig's experience. He compares Oakridge's approach to Royal Mount in Montreal, noting the significance of such announcements in today's retail market. The discussion extends to the introduction of new-to-market brands and the implications for Vancouver's luxury retail landscape, highlighting the city's capacity to support this influx of high-end retailers.

Craig and Lee further explore the presence of existing brands in downtown Vancouver and their expansion to Oakridge, including Louis Vuitton, Prada, and others. They ponder the future of luxury retail in Vancouver, considering the potential for market share shifts between downtown and Oakridge. With excitement, Craig anticipates future announcements and the development's impact, drawing parallels with Royal Mount in Montreal. The conversation concludes with optimism for Oakridge Park's contribution to Vancouver's status as a luxury retail destination, eagerly awaiting the project's completion and the arrival of new retailers.

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This podcast is the audio version of the The Interview Series video podcasts by Retail Insider Canada are available through our Retail Insider YouTube Channel where you can subscribe and be notified when new video episodes are available.

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Background Music Credit: Hard Boiled Kevin MacLeod (incompetech.com). Licensed under Creative Commons: By Attribution 3.0 License. http://creativecommons.org/licenses/by/3.0/