LMFAO!
Whatever
I actually feel sorry for stupid people
Idiots, it would probably help if they opened up their dressing rooms. Do they really think covid only lives in the dressing rooms? I stopped shopping there when I couldn’t try anything on.
I’m sensing.... an MBA.
This is good for me. Every time we shop in a mall, my wife says: “I need to go in Belk.”
She never buys anything at Belk.
But for some reason, she needs to go in and wander for 30 minutes.
This allows them to break lease agreements and renegotiate better agreements.
Here goes the commercial real estate market in the US
That doesn’t make sense. People haven’t stopped going to stores. Maybe the prices were too high, or maybe their market was too narrow.
I’m 74 now. When I was a kid my mom used to drag me around the Belk store in Charlotte. There were two other stores in downtown Charlotte, Ivey’s and Efird’s but they folded years ago. The Sears was good too. Great selection of toys.
They were largely family owned until 2015, and then bought out, leaving the company with 2 billion in debt. I have been a customer since the 60’s. They had a fluoroscope way back, in the shoe department, where you could see your feet inside your shoes! Totally cool and probably cancer-causing.
I didn’t know about the buy-out in 2015, but noticed they had cut staff to the bone — you had to search for an employee to help you. A shame, since they carried good quality clothing and other goods and had long-time salespeople who knew their stuff.
I’m doom casting here but I don’t see the mall retail concept being sustainable in the future. With people freaked out to be in crowds, having to wear a mask just to be there, it’s not a comfortable place to shop for more and more folks.
More job loses= bigger leviathan welfare state by the end of Joe’s term North Korea/Venezuela will seem like a paradise.
I guess maximizing shareholder value is so passe.