By Marina Strauss via The Globe and Mail
Jennifer Marley, partner at strategy consultancy Sklar Wilton & Associates, said with the addition of Saks and Nordstrom in Canada, Holts has moved even more upscale.
“Focusing clearly on a high end brand experience in bricks and mortar in Toronto, Montreal, Vancouver markets makes a lot of sense as that is where the money is,” Ms. Marley said. In the online world, Holts’s competition is primarily outside of Canada, she added. “Canadian luxury buyers would likely love the ability to buy and return easily within Canada, thus avoiding the delays at the border.”
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