{"id":877444,"date":"2026-08-30T21:04:11","date_gmt":"2026-08-30T21:04:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/877444\/"},"modified":"2026-08-30T21:04:11","modified_gmt":"2026-08-30T21:04:11","slug":"retail-expert-sees-new-life-for-traditional-shopping-centres","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/877444\/","title":{"rendered":"Retail Expert Sees New Life for Traditional Shopping Centres"},"content":{"rendered":"<p>\t\t\t\t&#13;<\/p>\n<p>\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/08\/village-shopping-centre-mall-leyad.jpg\" class=\"header-image\" alt=\"Retail Expert Sees New Life for Traditional Shopping Centres\"\/><\/p>\n<p class=\"wp-caption-text\">The Village Shopping Centre (Leyad)<\/p>\n<p>A Canadian retail expert says\u00a0there is opportunity in the traditional shopping centre, but what a shopping centre looks like and what it includes, is changing.<\/p>\n<p>Doug Stephens. who\u00a0bills himself as the \u201cretail prophet,\u201d\u00a0says the purchase of the Village Shopping Centre by real estate\u00a0investment and development firm Leyad is part of the company\u2019s plan to turn the fortunes of the traditional mall around.<\/p>\n<p>He says successful malls in Canada lie at different ends of the value spectrum, with premium or luxury malls doing very well, and discount or off-price malls also seeing success.<\/p>\n<p>Like many indoor retail spaces in recent years, the Village has struggled to\u00a0hold on to\u00a0tenants, but Stephens says Leyad sees opportunity in spreading beyond retail store fronts.<\/p>\n<p>\u201cThey\u2019re looking at \u2018how can we turn this space into a place that people want to come to?\u2019 It doesn\u2019t have to be shopping.\u00a0 It can be recreation, it can be a place where they can bring their children, it might be back to the good old days of going to\u00a0the shopping centre to do your grocery shopping. \u00a0We\u2019re seeing groceries starting\u00a0to move back in, or fitness centres.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"&#13; The Village Shopping Centre (Leyad) A Canadian retail expert says\u00a0there is opportunity in the traditional shopping centre,&hellip;\n","protected":false},"author":2,"featured_media":877445,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48,269876,185074,269873,269875,269877,269874,269870,269871,269872],"class_list":["post-877444","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ca","tag-canada","tag-listen-to-vocm","tag-news-radio","tag-news-radio-st-johns","tag-st-johns-fm-radio","tag-st-johns-local-radio","tag-st-johns-radio-station","tag-vocm","tag-vocm-590","tag-vocm-radio"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/877444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=877444"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/877444\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/877445"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=877444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=877444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=877444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}