Rumour on the street is that there is an Apple Store opening in Waterloo’s Contestoga Mall.
Apple’s signanture black floor-to-celing construction hoarding recently went up at the other Fairweather space.
From Apple Store coming to Conestoga Mall in Waterloo:
We have heard rumblings for months that the next Apple retail store would be in Waterloo Region, and now between the tell tale hoarding and what workers are saying, it seems certain (but it has not been confirmed by Apple corporate or the Mall yet).
A foreman on site has confirmed that this is the location of the new Apple Store in southwestern ontario:
“Its going to be all glass across and is costing over million dollars.”
What does Apple @ Conestoga mean for Waterloo Region?
Having Apple as a destination tenant at Conestoga Mall is great news for all the other stores in the area – except maybe Future Shops’s Apple department – because people will head to the mall to check out the new toys at Apple, and they’ll inevitably browse around and grab food at adjacent businesses.
What does it mean for competing retailers like Carbon Computing? When Apple has come into similar communities, it has been hard for independent authorized retailers to stay in business and maintain a valuable point of differentiation.
It seems like the $75 million investment into Conestoga Mall over the past few years is paying off for owner Ivanhoe Cambridge. Even more good news for the mall will follow – I predict that Target moves into the Zellers space too (the other option being the Zellers space in Bridgeport Plaza)
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