Honest Ed’s. The end of another retail era.
“I give Honest Ed’s another 5 years before David Mirvish puts the store up on the market. David Mirvish is more focused on the arts than he his the discount store. Expect it class.”
For some reason the words my Marketing Professor said to my Introduction to Marketing class 3 years ago stuck with me. It was something I didn’t want to believe because the stores iconic and somewhat cheesy sign has graced the corner of Bloor and Bathurst for years that I thought it would stay forever or until a natural disaster forced it to come down. I remember as a child my mother worked in the area and on the days I would go to work with her I would always be able to see the sign from her office window. For me I identified the Annex with the sign.
However, it has been reported that the store is on a business decline and that Mr. Mirvish would rather sell it before it tarnished his father’s name. However, I have to wonder if the move to sell the property is to aid David Mirvish’s massive redevelopment of King Street.
Not only will Honest Ed’s go up for sale, but other properties and Why I Love Toronto favourites in Mirvish Village will as well! These include Southern Accent, Little Island Comics and Victory Cafe!
Of course after the sale announcement many questions rushed into my head. Those questions include:
- What will become of the 160,000 square foot store? Condominiums maybe?
- Could this be the opportunity for a big-boxed stores to make its presence downtown? Could we see the property sold to Target or Wal-Mart?
- What will happen to the recently relocated Sonic Boom?
- What will become of the sign? We don’t need anymore sign drama like with Sam The Record Man.
These questions will all be answered in time, but back to the present. I have featured Honest Ed’s on a number of occasions. You can see all the posts below. From quirky dates to providing holiday cheer the retail giant has had a major impact on the city.
Honest Ed’s will also become another Canadian retail icon that fades into history just like Sam the Record Man, Eaton’s and Zellers, which truly breaks my heart.
Honest Ed’s Posts
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