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Liquid Communism posted:Well, Sears already tapped out, so that's off the list. I'd say top 5 expected for me are: No Barnes & Noble?  I'd think their being chained to physical storefronts with big overhead will bleed them out in the next few years.
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Nov 10, 2018 19:44
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Subway I think kind of hit the limit for how many of them can possibly exist. They're just kind of everywhere but the food is forgettable due to how aggressively mediocre it is. "This dude lost like a gently caress load of weight eating Subway!" only really worked because a lot of people want some kind of magic to losing weight. It worked for him because he, you know, walked there and then ate veggie subs. So they played it up as a "you'll lose weight eating our garbage!" and then, well, Jared is in jail now. That ad campaign was nonsense anyway because let's be honest, how many people go to Subway and get the veggie sub? I doubt they'll fold any time soon but that's a perfect case of "always exponentially more, all the time" hits limits. I was going to put stores I knew into a list but apparently most of them are gone already. I was going to say "I haven't seen a Hills in a while" but they've long gone. The company that bought them is also long gone so welp. I figure K-Mart won't last much longer. Beyond that just like, who knows?
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Nov 10, 2018 19:44
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ToxicSlurpee posted:I figure K-Mart won't last much longer. K-Mart is part of Sears Holdings, which just filed for bankruptcy and won't last much past the holiday season, if that.
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Nov 10, 2018 19:49
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I worked at Subway for a brief time and people would come in and say I’m eating here cause Jared did and it’s healthier. Then they proceed to buy a food long meatball sub with everything on it. Duuuuuuur.
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Nov 10, 2018 19:51
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Invalid Validation posted:I worked at Subway for a brief time and people would come in and say I’m eating here cause Jared did and it’s healthier. Then they proceed to buy a food long meatball sub with everything on it. Duuuuuuur. If you want to lose all faith in humanity work food service, like, at all.
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Nov 10, 2018 20:09
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Horseshoe theory posted:No Barnes & Noble? I think they'll get through 2019, because they're pretty much the last major bookstore standing, and a lot of places don't have -anywhere- else you can go to buy books in person that isn't Walmart.
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Nov 10, 2018 20:31
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Isn't Subways entirely franchise-based? That should make it easier for them to survive with most of the losses technically being borne by the guys running the stores.
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Nov 10, 2018 20:32
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Invalid Validation posted:I worked at Subway for a brief time and people would come in and say I’m eating here cause Jared did and it’s healthier. Then they proceed to buy a food long meatball sub with everything on it. Duuuuuuur. Fun note, you can totally lose weight eating Subway... because they use what is essentially 'diet meat'. At the start of the 2008 recession, they went to their suppliers and said 'how much water can we legally pack into this and still call it meat', and then started ordering that. Cheaper cold cuts for them, sneakily lower calorie counts on the menu. Tastes like crap.
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Nov 10, 2018 20:33
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Randler posted:Isn't Subways entirely franchise-based? That should make it easier for them to survive with most of the losses technically being borne by the guys running the stores. Primarily, yes. One of the reasons that there are so many of them is that it's cheap as hell as far as franchises go to open a Subway. The company will be fine. Closing 1,500 stores sounds like a lot but I'm going to guess that a lot of those are stores somebody just didn't feel like running anymore, ones that weren't profitable enough/at all because there were too many too close to each other, or things like where the owner died and the kids didn't want to own a Subway. There are over 40,000 of them worldwide.
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Nov 10, 2018 20:36
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How can Neiman Marcus be in trouble these are surely flying off the shelves?
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Nov 10, 2018 20:38
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Wait, is Neiman Marcus a men's only clothing store?
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Nov 10, 2018 20:40
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MiddleOne posted:There are some many misconceptions behind the "online retail is only x% of the entire retail market and therefore Amazon's dominance doesn't matter"-argument that I wouldn't even know where to start. Yeah truly Imagine a single entity controlling an entire retail mode
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Nov 10, 2018 21:49
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Coldstone Creamery has got to be going bust soon. Quiznos and Coldstones both had a crazy high franchisee default rate, something like 30%. Quiznos went bankrupt 4 years ago but Coldstones is still trucking along for some reason.
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Nov 10, 2018 21:54
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Wasn't quiznos designed to fail though? Like some sort of bizarre vulture capital company involvement?
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Nov 11, 2018 02:25
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Subways open and close constantly, I think they give a franchise to anyone who can put a signature on the correct quadrant of the form.
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Nov 11, 2018 02:29
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withak posted:Subways open and close constantly, I think they give a franchise to anyone who can put a signature on the correct quadrant of the form. The franchise is extremely cheap. https://www.businessinsider.com/what-it-costs-to-open-a-subway-2015-3
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Nov 11, 2018 02:39
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Buckwheat Sings posted:Wasn't quiznos designed to fail though? Like some sort of bizarre vulture capital company involvement? What I remember is corporate owned the supply companies so when profits were down, corporate raised supply costs and squeezed the franchises out of business. That definitely sounds like a private equity move. Giving me flashbacks. Company I worked for was bought by private equity company. Quarter goal would be 30% growth. We would get 28. Well PE wants their cut no matter what so there would be layoffs every quarter a goal was missed to give them their take, despite being highly profitable/healthy. Hand Row fucked around with this message at 14:51 on Nov 11, 2018 |
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Nov 11, 2018 14:29
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BarbarianElephant posted:The franchise is extremely cheap. Yeah, compare to, say, Dairy Queen, who want the following: Liquid capital required: $400,000 Net worth required: $750,000 Investment: $356,450 - $1,835,825 Franchise fee: $25,000 Units in operation: 5,700 You need to be worth three quarters of a million, and have almost half a million in liquid capital before they'll even talk to you.
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Nov 11, 2018 15:35
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Liquid Communism posted:Yeah, compare to, say, Dairy Queen, who want the following: On the other hand, I've only seen one DQ go out of business. In Yellowknife, NT, where they couldn't ever hope to pay what they wanted for staff and at the end wound up being illegaly staffed by preteens.
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Nov 11, 2018 23:31
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Not a lot of businesses make it in the Northwest Territories I don't imagine. I remember driving into Whitehorse in the Yukon and it was like finding a bustling metropolis.
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Nov 11, 2018 23:32
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Oh, Yellowknife has shitloads of money from being the government hub and mines. Just turns out that means you cant pay the 8 bucks minwage cause lol nobody was gonna accept that with what it cost to buy things there, let alone live there.
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Nov 12, 2018 00:01
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StealthArcher posted:On the other hand, I've only seen one DQ go out of business. I've seen a couple go here, but it was the owners refusing to make updates the company demanded, and losing their franchises.
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Nov 12, 2018 04:32
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Speaking of franchises https://twitter.com/nataliekitro/status/1061695306121781248?s=21
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Nov 12, 2018 10:29
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Liquid Communism posted:I think they'll get through 2019, because they're pretty much the last major bookstore standing, and a lot of places don't have -anywhere- else you can go to buy books in person that isn't Walmart. I'd rather have local booksellers but I'll take a B&N over a barren illiterate wasteland.
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Nov 12, 2018 11:29
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Liquid Communism posted:Yeah, compare to, say, Dairy Queen, who want the following: Dq has to be able to survive the winter months so this is probably all good, like they exist in Minneapolis of all places so they're doing something right
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Nov 12, 2018 12:51
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I work corporate at office Depot. You'll be waiting a while. We're declining but have healthy cash reserves that have been growing. With Q3 in, we already beat plan for free cash flow. We have a lot of inorganic growth, but our contract department finally had some organic growth last quarter which is important.
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Nov 12, 2018 15:15
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mandatory lesbian posted:Dq has to be able to survive the winter months so this is probably all good, like they exist in Minneapolis of all places so they're doing something right I don't understand DQ's business logic. In like, the north they typically are an all icecream place and everything but mall locations closes in the winter, while in the south it seems to be a way more hamburger focused fast food place? Why would they not switch that? And have the hamburgers in the cold part of the country and stay open all year then have the icecream focused place in the hot parts of the country?
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Nov 12, 2018 15:18
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Owlofcreamcheese posted:I don't understand DQ's business logic. In like, the north they typically are an all icecream place and everything but mall locations closes in the winter, while in the south it seems to be a way more hamburger focused fast food place? Why would they not switch that? And have the hamburgers in the cold part of the country and stay open all year then have the icecream focused place in the hot parts of the country? I live in the Northwest and I have never seen a DQ close outside of winter. Their tagline is "hot eats cool treats."
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Nov 12, 2018 16:43
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I’ve heard Culvers reported that custard consumption is even throughout the year and not dependent on weather in Wisconsin. I have seen really old DQ shack type places close for the winter but pretty rare to see in my region these days now.
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Nov 12, 2018 18:23
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DrNutt posted:I live in the Northwest and I have never seen a DQ close outside of winter. Their tagline is "hot eats cool treats." close outside of winter? Like you mean they do close in winter or don't close?
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Nov 12, 2018 18:26
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Aren't there two types of DQs? The one in my hometown only served frozen treats and closes in late September. In fact, I've never actually had any DQ food.
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Nov 12, 2018 18:32
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As long as we are talking DQ, why do/did a lot of their locations have co-branding on their signage with something called Brazier?
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Nov 12, 2018 18:38
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Beastie posted:Aren't there two types of DQs? The one in my hometown only served frozen treats and closes in late September. In fact, I've never actually had any DQ food. Yeah, and both type seem to exist around but as far as I can tell the type that serves hamburgers dominates in warm climates and the type that only serves icecream and closes for winter is more in cold climates instead of the opposite that would actually make any sense at all.
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Nov 12, 2018 18:40
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poo poo POST MALONE posted:As long as we are talking DQ, why do/did a lot of their locations have co-branding on their signage with something called Brazier? that just means that they also sell food. i think they're called grill and chills now
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Nov 12, 2018 18:56
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yeah iirc dq started out as frozen delicacies in the north, added food (brazier is just an old imprint denoting a reduced menu set) and they let texas franchisees do their own thing, giving the separate texas menu.
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Nov 12, 2018 19:07
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Owlofcreamcheese posted:Yeah, and both type seem to exist around but as far as I can tell the type that serves hamburgers dominates in warm climates and the type that only serves icecream and closes for winter is more in cold climates instead of the opposite that would actually make any sense at all. Only a tiny minority of locations are the "Treat" variety with the limited menu. Even in the north; so the simple answer is your observation is simply wrong. The reason the treat locations exist at all still is because they're dirt cheap to operate and require a tiny footprint so you can open almost anywhere. And you will definitely find more of em in the north than the south (tho the full menu stores dwarf the treat ones) because DQ started in the north and the treat only locations tend to be very old and often can't be converted due to lot size limitations or simply not enough business to justify it (especially since more than likely there are 3+ full menu locations in a 5 mile radius already).
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Nov 12, 2018 20:09
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In college we had a fat gay guy in our social group and one time he introduced himself as The Dairy Queen
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Nov 12, 2018 20:20
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Dilber posted:I work corporate at office Depot. You'll be waiting a while. We're declining but have healthy cash reserves that have been growing. With Q3 in, we already beat plan for free cash flow. We have a lot of inorganic growth, but our contract department finally had some organic growth last quarter which is important. I worked in an OD store for 2 years or so in 2002/2003 - it was my last retail job - and I was amazed at how good of a job it was. It paid $12.00/hour then, 15 years ago, and I got actual, real vacation time. I heard a lot of that went away, but man, that was not a bad gig at all for closing out my last years in college.
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Nov 12, 2018 20:31
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Owlofcreamcheese posted:close outside of winter? Like you mean they do close in winter or don't close? DQ In salisbury mass closes in the winter?
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Nov 12, 2018 20:54
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I knew a dude that owned a summer-only dq. Worked 14/7 from memorial to Labor Day, then spent the rest of the year high as poo poo in Florida fishing all day. He was very happy.
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Nov 12, 2018 21:18
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