Porsche Design has opened its second Canadian retail store location in Vancouver. A source tells us that the current location is only a temporary one, as there is a free standing store scheduled to open below the new Nordstrom in Vancouver's Pacific Centre toward the latter part of 2015.
The current, temporary Porsche Design store is located on the basement level of Hudson's Bay, adjacent to TopShop/TopMan. A source tells us that in early 2014, Porsche Design will relocate to a dedicated space within the Hudson's Bay store for a period of about 1.5 years, until its store below Nordstrom is completed. This permanent location will be in a 48,000 square foot expansion of Pacific Centre.
|Concourse level of Vancouver's Downtown Hudson's Bay store, including the temporary location of Porsche Design. Note: The space indicated in light blue is currently for lease. Image: PBS Realty Advisors|
For those unfamiliar, Porsche Design retails high quality, high-priced clothing, accessories, luggage, watches and various novelties. The company was founded in Germany in 1972 to compliment the Porsche motorcar business. It concentrates on product design and products are often manufactured for a limited time. Porsche Design has 11 store locations in the United States as well as one outlet mall location. It also boasts store locations worldwide and its products are also carried in various upscale international retailers.
Porsche Design's first Canadian store opened at 77 Bloor Street West in Toronto in the summer of 2012. The 1,600 square foot store has been popular with affluent shoppers, according to Retail Insider's Karim Rashwan.
For a while, it appeared that Pacific Centre's landlord was having trouble leasing the retail space located under the mall's future Nordstrom store. We've been informed that some retailers have finally signed leases beneath Nordstrom, including, of course, Porsche Design. We'll discuss some of the other new retailers at a later date.
[Porsche Design website]