Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum LIQUOR STORES NA LTD 4.70 PCT DEBS T.LIQ.DB.B

TSX:LIQ.DB.B - Post Discussion

LIQUOR STORES NA LTD 4.70 PCT DEBS > Store Size in Canada
View:
Post by Goldbuggy1 on Jan 24, 2016 8:58pm

Store Size in Canada

I have been trying to get some information about the size of stores we have in Canada. According to the September 2015 Presentation we had 249 Store total with about 1.1M Square Feet. That puts the average at about 4,418 Square Feet. But when you consider that both Kentucky and Alaska have large format stores, and the Wine & Beyond Stores are 17,000 and 20,000 Square Feet, the average size of our Liquor Stores in Alberta and BC is probably closer to 4,000 Square Feet. Now look at these new Jersey Stores. One is 17,000 Square Feet and the other is 25,000. The store in Massachusetts will be 16,600 Square Feet and the one in Connecticut will be 20,000 Square Feet. You can add to this also 2 new large Format Stores that opened in July 2015 in Kentucky. I know LIQ will keep some of its Convenience-format Stores, as there sole purpose is for Convenience of there customers, but it sure looks like they are breaking away from the smaller format stores in general. I guess a larger store is just as easy to manage but has greater profit potential.
Comment by OilMoneyAB on Jan 24, 2016 10:29pm
The nice thing about a large format store is they can can really have a bit of Everything, such a high end room or area where you have bottles that cost $100's of dollars(big profit margin I would imagine) you don't really do that in a small format store where shelf space is limited. Also the advantage of buying  large bulk orders and storing the product in the store would probably ...more  
Comment by Goldbuggy1 on Jan 25, 2016 4:10am
When LIQ opened there two 20,000 Square Foot Wine and Beyond Stores in September 2012 it is interesting in what they had to say about this: "Weve had success with large format liquor stores in the United States and our team is excited to introduce these new concept stores to Canada, said Jim Dinning, the Companys Interim Chief Executive Officer. So they seem to like the larger stores to and ...more