Posted on 12/16/2016 12:45:26 PM PST by Red in Blue PA
JPM is about as trustworthy as Bill and Hillary.
“The new Oldsmobiles are in early this year.”
I’ve worked for real estate developers over the years, and I’ve heard a lot of interesting things about changes in commercial real estate. The U.S. commercial real estate market has been overbuilt for several decades, and online retailing is simply accelerating a trend that would have been unfolding anyway.
Which is completely impossible in today's malls because of the exorbitant rents, which can only be afforded by large national chain stores with big advertising budgets and low-cost merchandise through foreign supply chains.
There is a reason every single large shopping center in America now has virtually the exact same store lineup.
80 miles is way too far for a shopping trip. LOL.
They would rather have sold out of a small inventory than have sold a large inventory with some inventory left over. The incentives is “0% overages”, not “total sales”.
I don’t work in retail, so maybe just don’t understand certain things. But financially, if you have greater total sales with some inventory left over, you will have more net profit than you would, with limited sales but zero left over inventory.
Can anyone explain how running your business this way makes sense, in terms of dollars and cents????
No one is saying it so I will have to:
In the northeast many major Malls have become “diverse”
White women and their children no longer feel safe going anytime but during the mid day.
Hence their decline.
Don’t laugh but there are some stores that have this program where you have a full length picture of yourself stored online and you can then try on different outfits by pasting them on your image. Don’t where or which stores but read about it a while back.
A suburban police chief once told me that the single most effective thing a person can do to minimize their chances of being a crime victim is to stay away from shopping malls.
There is a reason every single large shopping center in America now has virtually the exact same store lineup.
LOL, I hear you. Recently, I was traveling, and was at the major regional shopping mall in Wilkes-Barre, PA. I felt like I was in the mall in El Cajon, CA. The stores, the layout, the kids hanging around, the vibe, the food court, all seemed identical.
My guys shop here: http://www.edrehmannandsons.com/
It’s a good old fashioned service type of place, you walk in and they ask you what you want, you tell them and they bring it out. They have shoes too. Great place, hope it never closes!
Well, that is a factor, you are right.
Nobody wants to say that, but we need to discuss inconvenient truths.
True. But when you have a general idea of your size and style the online experience has become pretty easy. Amazon is a breeze to return things, even shoes. I’ll buy most of my suits and jackets at Jose Banks and know what sizes there fit me. It’s really shoppers preference, but brick and mortar are goimg to have to adapt like every other industry.
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Many indoor malls have become depressing. Some near cities have become downright dangerous.
Most malls that have thrived have restyled themselves, likely at great cost. For the most part, they are upscale.
Brand outlet malls also seem to be doing well—they serve the middle. The one near me always has great deals on really good clothes.
Sears used to be the anchor store for many malls, and that has gone steadily downhill.
In a way its sad, but in a way not. Its the inevitable cycle of destruction & creation at work.
The malls have my sympathy, but not enough to make me shop there. Online shopping is the greatest thing ever invented for Introverts like me; I haven’t shopped in a mall for at least 20 years.
I’ll agree with you on that.
We have a traditional mall, a “lifestyle center” (read: outdoor mall). I never understood the “lifestyle center” here in Metro Indy, where the overnight low is gonna be -5 F.
At any rate, the ahem, “diversity” at our mall here, and the mall downtown have all but kept me and my family from visiting on the weekends. We rarely go to the mall as it is, but, it has become too much of a thug hangout. If I go to the mall on the weekends or even during the evening on the weekends, it is just me, as my wife is super uncomfortable with the demographic that hangs out there on the weekends.
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