On 18th February 2020, Coles Supermarkets released their 2020 half-year results and noted that the Coronavirus could impact their store fit-out programme (and in particular the supply of smart fridges).
A new Coles Supermarket is due to open in The Canopy in 2020. The Store will be just over 3500 sqm. An Aldi supermarket will also open at the same time in The Canopy.
A fitout of a 3500 sqm store requires significant plant and equipment. Much of this equipment is sourced from China. It has been a challenging time for businesses that rely on Chinese manufacturers. The extension of Chinese New Year, saw factories closed for longer than planned. In some instances, staff were not able to return to work without a permit. This had delayed shipments out of China.
A Coles Supermarket Spokesman told ITC the following:
“I can confirm that Coronavirus has not affected refrigeration equipment for our new Lane Cove Park store.
Our new Coles supermarket at Lane Cove Park will offer more choice, great value and enhanced shopping experience for residents in the North Shore.
Our customers are increasingly looking for convenient, healthy, pre-packed meal solutions. Our new Lane Cove Park supermarket will feature an expanded convenience range with ready-made meals, snacks and drinks, a market-style fresh produce hall, and an improved store look and feel.
The new store is scheduled to open mid-June and represents a multimillion-dollar investment in the North Shore.”
Coles has also advised that antibacterial products such as hand sanitiser and handwash are running low. They also expect low stock in non food items like stationery, clothing and electrical goods.
When Will The Canopy Open?
The Canopy is on track for opening in Mid June.
The Basement Car park is complete and open to the public. The Park level retail tenancies are nearly 80% complete with the restaurants due to start their fit-outs in March 2020. ALDI has also started their fitout with completion scheduled for June 2020.
There will be five restaurants located on the park level of The Canopy. Heads of Agreement have been signed for all tenancies.
What Are the Plans for the Old Coles Store?
The old Coles store will close and a development application has been lodged for shops and apartments – more details here.
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