AGINCOURT

HISTORY

 Agincourt Mall has played an important role in the development of the Agincourt community

• On November 23rd 1966, Agincourt Mall officially opened

• For 51 years it has offered a variety of retail options, first with Woolco as the anchor and more recently, Walmart and No Frills

 

• It is located near green space, including Ron Watson Park and Tam O’Shanter Golf Club

 

• This location currently has excellent transportation links with plans for
further improvement

RETAIL

CHALLENGES

 Retail is changing rapidly and Agincourt Mall is now a fading icon

• With today’s retail environment, most enclosed neighbourhood community malls are fading in appeal

• The changing face of retail is a result of a number of factors, such as online shopping and changing demographics

 

• According to an estimate by Colliers International, online sales of $23 billion in 2014 replaced 76.7 million square feet of bricks and mortar stores in Canada – Toronto Star

 

• E-commerce’s share of retail sales has increased rapidly in recent years, rising to 10% in 2015 from about 5% of U.S. sales in 2010, according to a September 2016 report by Fitch Ratings. Fitch expects online sales to burgeon to the 15% to 17% range by 2020. This suggests half of retail sales growth is expected to come online, as opposed to from physical retail locations – CFO Newsletters

• Although many of the retail outlets found in yesterday’s mall are in decline, there are still many shops and restaurants that are attracted to higher-density mixed-use neighbourhoods with direct exposure to vibrant, complete streets