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Holt Renfrew could keep its location at Toronto's Sherway Gardens open, contrary to what we reported in April. A source tells us that despite its opening a 120,000 square foot store at Mississauga's Square One in 2016, Holt's may keep and enlarge its Sherway Gardens store as well.
If Holt Renfrew keeps its Sherway store, it will make for a total of 10 full-sized Holt Renfrew stores in Canada.
Holt Renfrew's Sherway Gardens store is currently one of its smallest, at 33,670 square feet. It is located in a part of the mall currently under expansion. No word yet on the size or configurtion of a renovated Sherway Gardens store if it does, indeed, stay in the mall.
Holt Renfrew is in the process of a substantial expansion that will see its square footage expanded by 40% via a budgeted $300 million. It is doubling the size of its Yorkdale store in Toronto and will likely expand its Vancouver store over the coming 24 months. More on the possible Vancouver store expansion will follow shortly.