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Canadian Tire to reinvent former Vernon Target space by next spring

VERNON - Shoppers will have to wait until at least next spring to see inside the former Target space in the Vernon mall. Scarce details are being released from the Canadian Tire Corp., which announced it was buying 12 real estate leases, including the Vernon location, last May. Canadian Tire spokesperson Joscelyn Dosanjh says in...

High retail vacancy rate ‘a one-off for Kamloops’

KAMLOOPS - Commercial space vacancy in Kamloops is the highest it has been in the last three years but market analysts at a local real estate firm suggest the percentage is based solely on the thousands of square footage left empty by the now-defunct Target Canada in Sahali Mall. Prior to the big box departure,...

Empty stores a worry for Vernon mall merchants

VERNON - If you’ve been to the Village Green Centre lately, you might have noticed less variety in the 40-year-old mall. Currently, seven stores in the shopping centre are vacant and merchants are feeling the void. The Target closure left a large, 103,000-square-foot hole in the mall, but there are other gaps too. Ricki’s has...

The hunt is on for a new anchor at Village Green Mall

VERNON - Target isn’t the only vacancy in Vernon’s Village Green Centre. If you walk around the shopping mall, you’ll see four vacant shop spaces. When Target closes, it will be five. The City of Vernon’s economic development manager Kevin Poole has his eye on it, but says this is a time of year when...

Team of advisors set to help those facing layoffs

KAMLOOPS – With two major layoff announcements in Kamloops within a week of each other, employment advisors are preparing for more clients. Blair Gray, the site coordinator for the Open Door Group and Work B.C. in Kamloops says the location has seen an increase in the amount of clients, but doesn’t attribute that to recent...

Retail vacancy rates set to climb in Kamloops

KAMLOOPS - Once Target shuts down, the retail vacancy rate in the Sahali, Southgate area will jump to 9.66 per cent from 3.38 per cent two years ago. Katie Martin with Colliers Kamloops points out several larger shops have closed up in the past two years also, including the Dollar Store by Walmart, Petcetera and...