Posted on 01/24/2020 6:33:57 AM PST by vespa300
Brick-and-mortar retail took another hit this week when Bed Bath & Beyond announced it will shutter 40 stores this year, including four Southern California locations that have already closed.
All of the stores on the list, spread throughout 19 states, are expected to close within the next six months, the New Jersey-based company said.
(Excerpt) Read more at ocregister.com ...
[Interesting of the 19 state closing stores, 13 of them are liberal controlled states. I’m assuming taxes and fees are part of the equation.
rwood]
Stay right where you are...an Amazon drone is enroute to take that back ;-)
We live only about 5 minutes away from the Fountains Shopping Center, so it's always pretty convenient to go to BBB. My wife also goes to Hobby Lobby and Stein Mart in the same shopping center. It will be great when Cost Plus opens in the same center. There used to be a Cost Plus farther down the freeway in Sugar Land, but that one closed due to the rent getting too high in that center.
Our original Sears was downtown with everything else.
Thriving shopping until the mall came.
Isn’t Black Stone buying up warehouses across the country to start up a head on war with Amazon?.
They may have. I work in the wholesale/retail trade myself, and I remember hearing from one of the companies I deal with that Pier 1 has a pretty high markup, at least on the first run of new merchandise. They seldom mark anything down unless it is on clearance. I would say the merchandise at Pier 1 is usually a step up in quality from Cost Plus (and much more expensive).
I don’t go to the mall [without the Dobe] because of “teenagers”.
Maybe once a year, if we need to go to the ATT&T store but now we’ve found another one in the strip mall.
Miss Hot Topic, though.
I think I can explain though I am no expert, just have females in my life who are decorator/artist types. To these women the bathroom is a diiiirrrrty nasty place. (Cue unspecific negative emotions.) When they go into BB&Beyond they see displays that make the bathroom pretty, nice feminine, and that push diiirrrrtiness fears back away. Impulse buying takes over then, not the cold rational thought that you are suggesting.
"Does the bathroom really need to be decorated?"
"Oh don't be ridiculous (scoffs)." "Oooh, girls, look at this! Honey, you go get this rung up for us and we will see you at the shoe place. Thanks, you're a dear!"
I now take out money and smile, smile, smile.
The same basic principle applies to shoes as well. The women think that their feet are ugly, funny looking things, which become beautiful with the addition of shoes. So you better buy the new shoes, and shut up your complaining.
"How can somebody who buys so many guns ever say anything to me about buying shoes?!" This is impeccable logic as you will never need any gun unless you are actually going to kill something, like you're ever going to do that. The shoes however immediately have an important effect as essential as wearing make-up!
(Cue western guitar music.)
"Don''t try and understand 'em,
Just rope, roll and brand 'em…"
Except that just as many stores are closing in Texas.
Hmmmm....first I’ve heard of this...(the Amazon part).
I knew they were buying warehouses.
“Some of the malls we used to go to became dangerous places as well.”
America doesn’t have the political will to control it’s ferals.
[They may have. I work in the wholesale/retail trade myself, and I remember hearing from one of the companies I deal with that Pier 1 has a pretty high markup, at least on the first run of new merchandise. They seldom mark anything down unless it is on clearance. I would say the merchandise at Pier 1 is usually a step up in quality from Cost Plus (and much more expensive). ]
Folks in the stock trade wonder also so far it’s only guesses as far as I know,remember when a company gets to big someone will come after you.
We Shall see?.
[”How can somebody who buys so many guns ever say anything to me about buying shoes?!” This is impeccable logic as you will never need any gun unless you are actually going to kill something, like you’re ever going to do that. The shoes however immediately have an important effect as essential as wearing make-up!]
[Our McCrory’s had fish, birds, rats, mice, hamsters and all the stuff that went with them.]
In other words, capitalism. If the investment isn't returning at it's maximum, strip the asset for parts to recoup what you can and find somewhere else for the capital. If there are losers along the way, that's their fault.
There are strip malls, we don’t go to for the same reason.
We have noticed many of the communication biggies putting stores in strip malls.
“Isn’t Black Stone buying up warehouses across the country to start up a head on war with Amazon?.”
Blackstone in record $18.7 billion deal to buy U.S. warehouse assets from GLP
Anshuman Daga, Sabahatjahan Contractor
4 MIN READ
SINGAPORE/BENGALURU (Reuters) - Blackstone Group LP is buying U.S. industrial warehouse properties from Singapore-based logistics provider GLP for $18.7 billion, in what the companies billed as the largest private real estate transaction globally.
The deal by the world’s largest manager of alternative assets comes when investors are spending billions of dollars to snap up logistics assets as a surge in e-commerce activity spurs demand for delivery and warehouse services.
Nah. They’ve always been overpriced. I noticed the life cycle of kitchen gadget, you’d see it in the Pampered Chef catalog for some outrageous price. 6 months later BB&B would introduce something identical for half that. 6 months later Target would their clone for half BB&B. This was a model that was always going to die.
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