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Retail Supply - Essay Example

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PART A: Bay Adelaide Centre The Bay Adelaide Centre was completed in June 2009. The building is made up of 51 floor offices and it has retail public places, which offers the final north/south connection to the PATH underground pedestrian walkway (Carsw 12)…
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Retail Supply
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Download file to see previous pages Most of the pedestrians that patronize the streets around the Bay Aledaide Centre are those people who work in the Discovery District in close proximity to educational centers and hospitals. Examples of educational centers in the neighborhood of the Bay Centre include the University of Toronto and the Ryerson University. More than 65 per cent of residents in this area comprises of the working class in the age bracket of 25-64, which is considerably higher than the City’s average of 57 per cent (Figure 2). Figure 2: Population by Age Walking along the streets, it is notable that the intersection neighboring Yorkville at Bay is a center of expensive shopping, which attracts a large proportion of the upper class income earners who lives in the expensive neighborhoods of the city. The majority of the malls along this street sell expensive clothing and household products. The Bay street is largely used for transportation – it is served by the route 6 Bay bus. Other areas including the streetcar tracks, which extends from College street and Dundas are used for diversions and and short turns (Bow 12). Table 1 below shows how Bay Adelaide Centre neighborhood differs from the rest of the Toronto city. HIGHER LOWER MUCH LOWER % of Children (0-4) % of Children (5-14): % of Youth (15-24): % of Seniors (65+): Dependency Ratio: (20%) Total Population Change Table 1: How this neighborhood compare with the rest of Toronto PART B: Yorkville east of Avenue Road Yorkville is commonly known for its shopping activities. The city of Toronto annexed it from a former village. It is neighbor to Davenport road to the north, Bloor Street to the south, Avenue road to the west, and Yonge Street to the east. Officially, the strip is considered as part of The Annex vicinity. The strip is one of the city’s most fashionable shopping centers. It is surprisingly one the the world’s most expensive streets, with rent per square foot ranging from $300 by 2008. Yorkville’s has very expensive and fashionable restaurants, shopping and boasts of hosting the first five star hotels in Canada. Compared with the rest of Toronto, the percentage of children below four years is lower, youth is the same, seniors is higher, and the total population change is the same (Table 2). HIGHER LOWER MUCH LOWER SAME % of Children (0-4) % of Children (5-14): % of Youth (15-24): % of Seniors (65+): Dependency Ratio: (30.2%) Total Population Change Table 2: How this neighborhood compare with the rest of Toronto The fashionable boutiques include Gucci, Burberry, Hugo boss, Louis vuitton, Ermenegildo and Betsey among many other upscale designer boutiques. Many companies have their flagships located along this street, including Town Shoes, Gucci, Harry Rosen, Lacoste and Channel [4]. Recently, mid-market retailers have flocked Bloor street, including La Senza, Winners and French Connection. Yorkville is notably known for its luxurious shopping streets. The demand along Bloor street is very high, hence making the rent to shoot very very high. The majority of the retailers is independent (80%), who put a lot of efforts to meet these demands. The number of professional services and offices are extremely high, which services leading companies such as Canada Post, Retail Council of Canada, IBM Canada, Showcase television and consultants from different countries. The majority of the pedestrians are working age who also form the largest proportion of the shoppers (Figure 3). Figure 3: Population by ...Download file to see next pagesRead More
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