Holt Renfrew to open new store in Mississauga in 2016

Models show creations by Smythe presented by Holt Renfrew during Toronto Fashion Week in Toronto Monday, October 18, 2010. THE CANADIAN PRESS/Darren Calabrese

MISSISSAUGA, Ont. -- Luxury retailer Holt Renfrew announced plans Friday to open a new, 120,000 square-foot store at the Square One Shopping Centre in Mississauga, Ont., in the spring of 2016.

The new store comes as the high-end retailer renovates and expands a number of its stores across Canada ahead of the arrival of U.S. department store chain Nordstrom, which is expected to target similar customers.

Holt Renfrew expects to complete a renovation and expansion of its location at Yorkdale Shopping Centre in Toronto later this year that will double the footprint of the store.

"West Toronto and Mississauga are growing, vibrant areas and this is a strong move forward in our plan for an exciting fleet of luxury stores across Canada," Holt Renfrew president Mark Derbyshire said.

Holt Renfrew has nine stores across the country in Vancouver, Calgary, Edmonton, Montreal, Quebec City, Ottawa and Toronto and employs 2,300 workers.