Larry Rosen may not be the Hoosier type, but he uses a basketball analogy to describe the prime new location of Harry Rosen in the Rideau Centre: “It’s a slam dunk. We have the best seat in the house at centre court right between Nordstrom and Simons.”
Located a few steps away from Harry Rosen’s original space on the shopping centre’s second floor, which opened to much fanfare in 1983, the 18,000-square-foot menswear store was buzzing with sounds of about 20 tradesmen during a recent visit. The store, which will also feature a standalone shoe boutique, is expected to open in October.
“Harry Rosen has had a long history with Ottawa and the Rideau Centre is the most important mall by 100 miles. We jumped on the bandwagon once Cadillac Fairview (the mall owner) shared their vision with us and we’ve been working directly with them ever since,” says Rosen, who became CEO of the retail giant in 2000.
Cindy Vanbuskirk, general manager of the Rideau Centre, says she’s elated that one of Canada’s most prominent retailers is making a significant investment in the shopping centre.
“Harry Rosen is one of our original tenants. We have a long history together.”
The Rideau Centre is currently in the midst of a $360-million expansion, which is expected to be complete in 2016.
“We are confident with the way the market is changing and believe it will benefit us. This is a milestone year for us. As we celebrate the past, we are focusing on the future and getting ready for the American invasion,” Rosen says.
“With Saks and Nordstrom moving into Canada, we’re at centre court in all the same markets. We’ve accelerated our expansion program because of this. Everywhere they go, we’re upgrading and opening before them.”
Celebrating 60 years of business and with annual sales of $300 million, Harry Rosen has much to cheer about these days. Since Harry Rosen and his brother Lou opened their first storefront in Toronto in 1954, the retailer has built a stellar reputation that is synonymous with style and service.
With 17 stores in seven major Canadian markets and 1,000 employees, the company offers customers some of the world’s leading brands. It has weathered economic upheaval over the years by following a mostly conservative path and shying away from expanding into the U.S. or abroad. The formula is a winning one, given that they have cornered more than 40 per cent of the high-end menswear market in Canada.
This spring, the Retail Council of Canada recognized Larry Rosen as the Distinguished Retailer of the Year, and the store was named one of the 10 most influential menswear stores in North America by MR, a leading industry magazine.
All of this adds to the festive atmosphere as the company embarks on an ambitious $100-million capital expansion program — the most aggressive in its history — to update tired stores and unveil new flagship stores.
There was a new ad campaign in the spring, a beefed-up online plan to grow sales to five times the current business, and more investment in designer duds from top brands such as Dolce & Gabbana, Versace, Etro, Zegna, Ralph Lauren and Brunello Cucinelli.
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“Our clients are the leaders of the country. Our competition is the best stores in the world. It’s international and we aren’t afraid of that,” says Rosen, 58.
The oldest of Harry Rosen’s four children, Larry worked in his father’s stores throughout high school. When the company started expanding across the country in the 1980s, he left his career as a corporate lawyer to join the family business.
“I was so proud of my father and excited by the national expansion, I just had to be a part of it. When we opened the store here in ’83, Pierre Trudeau met with my dad and welcomed him to the market. The store has been a huge success from the get-go.”
Rosen describes his Ottawa customer as a sophisticated man who works in the political, bureaucratic and diplomatic arena, the high-tech field or as an entrepreneur.
“Ottawa is a great suit and shirt town. An Ottawa man dresses well, attends a lot of functions and embraces the business-casual look.”
Harry Rosen, 83, stepped down from active duty in 2005, but still spends many Saturdays visiting one of eight stores bearing his name in the Toronto area, chatting with customers and staff. Larry Rosen, who has three sons, expects the family legacy to continue as one of his sons has also joined the company.
“We don’t live in ivory towers. I personally call customers, answer Ask Harry questions, visit the stores and look over merchandise. We’re close to our business and deal with the good and the bad. My dad taught me that.
“We often get asked to open a women’s store, but our strategy remains to be the best at what we do,” he said. “Just because we are in Canada doesn’t mean we can’t be the best.”
Timeline: Harry Rosen
1954 Harry Rosen opens 500-square-foot store on Parliament Street in Toronto.
1961 Moved to Richmond Street to a space 10 times the size.
1963 Ask Harry ad campaign debuts.
1968 to 1975 Expanded to six stores in the Toronto area.
1980s Opened in seven major markets across Canada.
1983 Opens store in Rideau Centre.
1985 Larry Rosen joins the family business, after practising corporate law.
1987 Opened three-storey Bloor Street flagship store in Toronto.
1995 Purchased remaining interest; now 100-per-cent family owned.
1997 Launch of Harry magazine.
2000 Larry Rosen is appointed CEO.
2005 Named one of 50 best managed companies.
2009 E-commerce is launched at HarryRosen.com.
2012 Recognized as one of Canada’s 10 most-admired corporate cultures.
2014 Embarks on year-long 60th anniversary celebration. Announces $100-million expansion program with new 32,000-square-foot store at Yorkdale Mall and 18,000-square-foot store at Rideau Centre, as well as extensive updates to several flagship stores.
jwilson@ottawacitizen.com
