The future of shopping malls and large retail spaces in Canada
Industries at a crossroadCanadian malls are shifting from retail hubs to mixed‑use community centres, blending housing, offices, services, and experiences to drive daily foot traffic.

As economic uncertainty and societal changes continue to impact businesses, leaders are re-evaluating how their organizations are structured to stay resilient and competitive.
From rethinking capital allocation to divestiture and workforce realignment, restructuring is no longer just about responding to distress—it’s an opportunity to improve efficiency, support strategic pivots, and strengthen your business.
At Doane Grant Thornton, we help organizations navigate complexity with clarity and confidence. Whether you're managing short-term financial pressure or making proactive changes to position your business for the future, we work alongside you to deliver practical solutions that drive results.

When liquidity tightens or performance declines, we act to stabilize your business through cash flow and working capital improvements, stakeholder support, lender confidence, and recovery plans.
We help execute turnaround strategies, improve efficiency, streamline operations, and align resources to support sustainable long-term growth.
We help protect and unlock value through viability reviews, performance assessments, market analysis, and operational insights that support informed decisions and growth.
We help strengthen your financial foundation through debt restructuring, refinancing, capital raising, lender-ready plans, covenant management, and strategies that support stability and growth.
When formal action is needed, we guide your business through restructuring processes, stakeholder coordination and court-related proceedings to keep progress on track.
We help businesses act decisively through accelerated transactions, distressed deals, and integrated restructuring, finance, and tax advisory support.
Canadian malls are shifting from retail hubs to mixed‑use community centres, blending housing, offices, services, and experiences to drive daily foot traffic.
In this article, we explore how changing consumer behaviours are reshaping Canada’s restaurant industry, and how restauranteurs can adapt.
From Nordstrom’s departure from the Canadian market to the liquidation of most Hudson’s Bay stores, many are left wondering if there’s an underlying weakness in the retail market. To some degree, the public attention paid to these departures overstates their importance to the retail sector. What these stories actually reveal is not weakness, but a retail landscape in a state of change that’s unlikely to stop anytime soon.