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Tomorrow's downtown: furs out, edgier stores in
Lazare’s furriers is moving out of downtown because of lack of foot traffic. But that doesn’t necessarily mean new forms of retail won't be successful in the coming months and years, says a spokeswoman for the downtown. With hundreds of post-secondary students to be studying downtown in the next few years there will be many opportunities for retailers to serve that market, Downtown Windsor Business Improvement Association Chair Virginia Cosco-Pizzuti said. “The fur market probably is not there any longer,” she said. “If I were to guess, students aren’t going to be popping into furriers to buy furs. But they may go into art supply stores or they may go into an Apple store.” Cosco-Pizzuti says the BIA will soon embark on a retail strategy to attract merchants and aid retailers who “want to take a chance” with the new younger demographic. “Now more than ever the opportunity is here with the influx of, what, 2000 to 3000 students coming into the core within the next 18 months or so.” The strategy would help retailers “take advantage of all this walk by traffic.” She couldn’t say whether there might be grants to retailers but noted the BIA’s store facade improvement program, launched two years ago, provided up to $15,000 funding – or 50 per cent of costs – for retailers who wanted to spruce up the outside look of their businesses. - 9/14/11 |
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