Canadian luxury retailer Holt Renfrew opened its second off-priced chain location on May 10th at Vaughan Mills mall in Toronto.
The first location of this new retail branch named ‘hr2’ opened in Montreal at the Quartier DIX30 lifestyle centre in Brossard, Quebec, and has already received positive feedback from shoppers in Quebec. The store’s success is attributed to its offer of discounted products which includes brands like Michael Michael Kors, Diane von Furstenberg, Cole Haan, 7 for All Mankind, Elie Tahari, the hr2 private lable and lots more. Discounts on the items are also due to the call-offs from product requests in other retailers as well as Holt Renfrew’s established rapport with existing luxury designer brands.
By the looks of it, it seems likely that more stores will be seen in Canada. The new hr2’s concept of offering seasonal marked-down products, as well as favorable merchandise with weekly renewals, is already being embraced by consumers. For more information head to the Holt Renfrew site by clicking here.