Holt Renfrew has announced today that they will open a new flagship store in Mississauga's Square One shopping centre in spring 2016. The move comes as the company moves to increase their retail square footage by 40% both through their namesake department store and their new lower priced banner hr2.
"We are pleased to announce a new Holt Renfrew at Square One. West Toronto and Mississauga are growing, vibrant areas and this is a strong move forward in our plan for an exciting fleet of luxury stores across Canada," said Holt Renfrew President Mark Derbyshire in a press release. "We look forward to leading a new era of extraordinary shopping experiences in Canada."
Holt Renfrew currently has 3 stores in the Toronto area (Bloor Street, Yorkdale, and Sherway Gardens). An hr2 location will open this spring at Vaughan Mills. There has been speculation that Holt Renfrew was considering moving their Sherway Gardens store to Square One, though today's announcement did not mention the status of that location.
Click here for the official press release.
