Welcome Or Not - Walmart Is Coming To Stratford

By
Real Estate Agent with RE/MAX Real Estate Centre Inc., Brokerage

The 10 year expensive battle is over.  Walmart is coming to Stratford, Ontario.  Not in its' desired location or original size but none the less ground will be broken in 2012 to pave the way for the mega box store to put down roots in the Stratford community.

The city has spent $1.4 million dollars on legal fees alone in their fight to keep the retail giant at bay with their efforts to preserve the downtown retail businesses.  Many downtown merchants are concerned that Walmart's arrival will put additional stress on businesses already facing challenges.

The new location, still in the City's east end is a smaller parcel of land, meaning the size of the department store will shrink from the desired 135,000 square feet to 90,000 square feet. Wal Mart

Big box stores versus local merchants is a common battle faced by most communities.  While it is sad to see some mom and pop businesses suffer, many do survive and thrive as they cater to a different type of clientele.

There is no denying that these large anchor stores bring jobs and  keep dollars in the community.  Here in Stratford, you must travel a half hour away to Kitchener or Woodstock, Ontario to find a Walmart or Home Depot.

 Walmart's biggest competition in Stratford is Zellers, a chain stores that have recently been bought out by Target.  If the existing Zellers store eventually converts to a Target, it will be interesting to see the two big American giants go head to head vying for their share of business from Stratford's 32,000 residents.

Will Home Depot and Chapters be far behind?

 

 

 

 

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Comments 12 New Comment

Rainmaker
1,223,784
Al & Peggy Cunningham Brokers, Brampton Ontario Homes For Sale 905-450-5500
RE/MAX Realty Services Inc.

Once Wal-Mart arrives with Home Depot in tow, watch the population grow from 32,000 Jenny!

May 18, 2011 09:26 AM
Rainmaker
320,458
Yolanda Hoversten
Broker - O Fallon, IL Real Estate
Prudential One Realty Centre

I didn't shop at WalMart for a long time, but found out that they have products that cost much less, health and beauty products, for example. Consumers eventually decide whether WalMart succeeds or not.

The mom and pop stores might not survive anyway, especially in this economy. But a different business model that differentiates itself will find a way. Take Ace Hardware Store, even with Home Depot and Lowe's dominating that market, it focuses on more personal service and it seems to thrive.

May 18, 2011 12:49 PM
Rainmaker
989,327
Rob Thomas
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954

Jenny....change is good.....I bet you see things change for the better once they are in and running......
Hope you had a great day!!---Rob

May 18, 2011 05:34 PM
Rainmaker
940,012
Kathy Clulow
CNE - ASP - SRES .... Uxbridge Ontario Real Estate
RE/MAX All-Stars Realty Inc. Brokerage

Jenny - it is true that smaller communities targeted by the big box stores do benefit from the employment opportunities bring with them but they are generally at lower wage rates

May 18, 2011 11:10 PM
Rainmaker
931,222
Nick T Pappas
Madison & Huntsville Alabama Real Estate Resource
Assoc. Broker/Broker ABR, SFR, e-Pro, @Homes Realty Group, Huntsville AL

Jenny, I gotta tell you that I'm not a fan of Wal-Mart, but it does bring jobs and lower consumer product prices with it.  If you've ever seen the emails floating around about "people of Wal-Mart"...you'll know why I prefer they don't come to my area.

May 19, 2011 06:24 PM
Rainmaker
342,978

Jenny Kotulak

Broker - Oakville Ontario Real Estate
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