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Small business owners rely on big box stores to bring in customers

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Small business owners rely on big box stores to bring in customers
WATCH ABOVE: A major development plan for Centre Village Mall is almost complete, and as Kimberly Tams reports, some smaller businesses in the area are hoping the big box stores will help the little guys – Jun 16, 2016

Netty Milos has just celebrated the one year anniversary of her new coffee business. She says the timing couldn’t be better because directly across the street, Centre Village mall has almost completed it’s largest redevelopment in 45 years.

“I’m really looking forward to it. I think we need it in this area. We need to have growth here and it will bring more people into this area,” Netty Milos, the owner of Koffee Korner said.

The 26 million dollar expansion included the demolishing of the former Zellers store. Since then, locally owned businesses in the area have seen a dramatic drop in sales. Loretta Jackson is the owner of  Just for Pets and is relying on the new development to help her business.

“London Drugs is a popular store and we are hoping when Zellers was here people would get their things and then stop here,” Jackson said. ” It seems like we are a forgotten store.”

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Centre Village Mall houses more than 25 stores, many of which are independently owned and operated. The developer says popular anchor stores like London drugs and Save On Foods will give others in the area a financial boost.

The property management gave this statement:

“Anthem properties is pleased to attract and retain high-profile, reputable brands like save-on-foods and London Drugs to center village mall. Anchor tenants of this caliber will notably increase attendance at this mall, which in turn will benefit all local businesses.”

Centre Village Mall was Lethbridge’s first shopping mall, opening in 1970. It’s hoped this major face lift will bring a once thriving mall back to life.

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