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OneEightHundred posted:Different segments are going to be under different amounts of pressure. The worst-off are entertainment and electronics, which are doomed because content is all going to digital distribution and hardware prices are crashing. Barnes & Noble is probably hosed and Best Buy might be hosed (I'm really skeptical that what's left on their sales floor makes enough money to justify their real estate footprint, especially since the items most exposed to competition from Amazon are the bulky electronics that justify their huge size in the first place). Office stores are probably hosed because they're basically just electronics, furniture, and stationary, the first two are dying to Amazon and the third is dying to Wal-Mart. Honestly I feel like Barnes & Noble isn't hosed - but only because all national competitors to them have already died. Barnes & Noble is the only physical book store that still has branches in all 50 states, because the last nationwide competitor died in 2011 (Borders). The next largest chain is Books-A-Million, and they're only operating in 33 states, many of them only with one or two stores. Next ones below them operate in even fewer places. So basically B&N may as well have a monopoly in a lot of places, because lord knows the small time bookstores have been hit just as hard, and don't have the benefit of national contracts to help. But it's not because of anything B&N specifically managed to do, Borders could have been the one that managed to survive, or whatever the other ones were that have been dead even longer. They just got lucky. Also I wouldn't count office stores out. There's a need for grabbing business supplies quick and not waiting for shipping, and Wal-Mart/Target/whoever generally don't have the selection. Keep in mind that the office stores of today didn't exist until the late 80s, because businesses were expected to deal with suppliers that would ship things out, and if you were really small time you made do with what a supermarket or department store could offer. There's certainly going to be some of the weaker chains getting bought out though.
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Dec 6, 2016 22:27
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Cease to Hope posted:yeah nah they take a fixed fee plus a %. Walmarts are often worse than payday loan outlets when it comes to cashing paychecks. At a lot of their locations they waive the fee or heavily reduce it... but only if you're also about to pay for your monthly groceries etc with it at that Wal-Mart. It's basically holding their business and paycheck hostage. Same sort of deal at a lot of supermarket chains.
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Dec 7, 2016 19:03
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glowing-fish posted:Sears also runs K-Mart? Sears' current CEO is Edward Lampert, a diehard libertarian weirdo, who was one of the people who engineered the merger of Sears and K-Mart in 2004. He's been the CEO since 2013 after being very influential on the other leadership for a while.
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Dec 8, 2016 18:13
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Teriyaki Hairpiece posted:What the hell are you talking about? Also, the fee is $3-6. I'm talking about what it was like at the Wal-Mart I worked for as a summer job abut 8 years ago. That's what we did, no fees or charges but you had to be cashing the check as part of making a purchase. And one of the other ones nearby only reduced the cost to a token amount, for the same thing.
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Dec 8, 2016 22:23
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Teriyaki Hairpiece posted:How would that even work, specifically? Every Walmart I've seen has check cashing at a side counter away from the cash registers? How do you cash a check as part of your purchase? How is $3 not a token fee? The store I was at, we accepted them as if they were regular personal checks written to the store, had the customer sign some form thing and write something special on the back, and placed them in the drawer like normal. There were restrictions like they had to be either a local bank or one of the big national banks (so like some random bank from Missouri wouldn't be ok, some bank from like two states away you didn't recognize - ask the manager, Bank of America was ok, the bank that was right next door was 100% ok). You also had to be buying more than a certain amount but I can't remember the cutoff - it was like at least $10 of stuff I think? If your check didn't meet the requirements or you didn't want to spend that much, then you went over and did a normal check cashing process at the same service desk that you had to go to to buy cigarettes. No idea what we charged for that, I never worked service desk and never cared to ask. Also what do you mean "how is $3 not a token fee"? People would come in with paychecks for like $40 or $50 or personal checks to them for even lower values. $3 would make a pretty big dent. The other store would charge like a quarter per check-cash so long as it met the requirements that you were buying "enough" stuff from them with it. Not sure why they settled on that.
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Dec 8, 2016 23:09
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Badger of Basra posted:Seems to me that even dumber than having a garden department is having a K-Mart in Manhattan in the first place There used to be two different ones in Manhattan: http://www.nytimes.com/1996/10/01/nyregion/kmart-changes-its-tune-to-manhattan.html It was supposed to be a start to a thing where they'd open specialized K-Marts in city centers all over the country. It didn't go too well.
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Dec 9, 2016 00:42
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Liquid Communism posted:You are an idiot. Uh no, dude. We were cashing people's paychecks and certain personal checks, written from other people to them. Mostly the paychecks though.
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Dec 9, 2016 01:47
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Teriyaki Hairpiece posted:Walmart doesn't cash personal checks. We did, at Wal-Mart.
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Dec 9, 2016 03:50
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Dead Cosmonaut posted:How long until Walmart starts cutting stores in rural communities? I lived in places that practically depended on them so it's going to be interesting to see what happens after. That's already been slowly happening. You need at least a certain amount of local business to keep a store open, and the rural areas are continuing to shrink. Here's one of their closing rounds from earlier this year: http://www.usatoday.com/story/money/business/2016/01/15/list-of-walmart-stores-closing/78852898/ The "Walmart Express" branding they mention in the article were smaller stores that were intended to be able to function in low population rural areas, as well as being able to function in cities with space at a premium. Some of them were just regular Wal-Marts, especially older ones, that didn't get expanded as many other did. It's unusual amount for them to close all at once, more typical to only close a few in a month.
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Dec 9, 2016 17:30
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Liquid Communism posted:Walmart would absolutely be forced to pay more without the government subsidies because their workforce would literally die off otherwise. This isn't the government selling 'excess labor' because the government flatly does not own these people's labor in the first place. This is entirely a large, multi-national corporation knowingly choosing to pay its staff less than a living wage in order to improve its own bottom line while the state picks up the tab for keeping the workers from starving. Well no, what they'd probably be "forced" to do is to cut their lowest profit stores, and barely touch wages in other areas. What does some random Walton billionaire care about any particular store's workers dying? silence_kit posted:Aren't you describing Ikea? OwlFancier posted:That's an ikea. No, in an Ikea you go grab the stuff yourself. A Service Merchandise had all the Ikea displays of stuff, but if you wanted that bed/chair/whatever you saw, you had either the staff go get it in the back-warehouse, or most of the time had to wait for it to be delivered to the store from a distribution center.
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Dec 10, 2016 18:34
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A Buttery Pastry posted:Maybe it depends on the Ikea, because you definitely have to go to the back-warehouse to get the bigger stuff where I'm from, with only the smaller high volume stuff (and things which can fit in relatively small flatpack) being something you get yourself. Eh you're not getting it. At a Service Merchandise, the workers go got everything for you. The warehouse area was offlimits, and for a lot of the items it was even an actual warehouse at another location. So you might order a thing, wait a few days, and come back to pick it up At an Ikea, you go get everything yourself from the warehouse, which you're allowed to go in. Occasionally for really big stuff an employee will help, of course.
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Dec 10, 2016 19:39
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Bates posted:It is kinda odd that I have basically two options - either I go to a warehouse and manually pick out stuff or full service with delivery. Why can't I order my groceries online and then go pick up a box? I mean walking around looking for canned goods, toilet paper, tooth paste etc. is not really a good use of my time but with delivery there is a scheduling issue - at least until I have a drop box for groceries which most people don't have yet. It's just weird it became this either or setup. Around here, Stop & Shop offers that, as do Ahold's other supermarket chains across the US - usually as a bunch of climate-controlled lockers out front of the store. They only offer it at some of the stores though, while the delivery service is offered from a lot more. The need to have a separate storage space seems to be the biggest issue for expanding it.
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Dec 11, 2016 00:14
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Yeah you're mostly going to see a big box store in one of the red areas on this map: Those are the census blocks as of 2000 that were considered urbanized under the census rules, and they contain over 80% of the country's population. And that's with including relatively small development in the middle of nowhere as constituting urban areas a long as they can manage a certain swathe of density and between 2500 and 50,000 people. It also includes nearly all suburban development, because it does tend to be denser then people see at first glance - even some town where every lot has a minimum of an acre of land for a family home can have over 1500 people per square mile! And then keep in mind this map, where green indicates areas with 0 population as of 2010: 
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Dec 16, 2016 20:21
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I don't think there's anywhere you could live in Ohio where getting to any supermarkets or similar size stores would require a 3 hour round trip by car, at least without massive weather problems or traffic on the route to and from. You can totally end up in that situation in a lot of places out west. It's an entirely different level of rural.
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Dec 18, 2016 03:53
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Best Buy has become cemented, through services like Geek Squad, as the place to go for paid computer / general electronic help. Not to you or me so much, but a big enough swathe of the general market. Circuit City was trying to do that under their Firedog (I think that was the branding?) service, but the recent recession killed them before they could manage it. Best Buy is also like kind of a last one standing nationally. That gives a certain bulwark against really going down hill. Most similar stores I can think of in a similar domain are places like Micro Center which are nationwide but only a few per area if present at all, or places like Fry's just aren't national. And then assorted fully regional operators, like New York City area's PC Richard & Son. Because of being a last one standing, they do things like having multiple employees in the store being paid for to promote products for a sponsor or whatever. (some random best buy guy might be getting paid by Verizon for instance).
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Jan 8, 2017 05:36
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DeathSandwich posted:If he loses, it's not going to be that much. Part of what he's done so far is that he sold the buildings of 235 Sears stores to himself, via a investment trust that he created two years ago. What 'personal money' he's investing in Sears he's extracting right out again as rent the stores are now paying to Seritage. In advance of bankrupcy he's selling off Sears' house brands and I pretty much expect that before the end of the year anything that's even remotely profitable will be spun off into it's own LLCs or companies leaving the dessicated husk of the Sears brand to wither with literally nothing left to its name. Those buildings he conveniently sold to himself or the band names he sold off while they were worth something won't have to be bargain basement auctioned off in the process and he's free to turn around, cut the buildings up into strip malls, and rent them out to the next comers. You're making the mistaken assumption that getting those buildings "cut up" and re-occupied in any sort of quick timescale is a sure thing. I wouldn't count on that, when a lot of those locations are in shopping centers that are already dying or dead outside of the Sears store. It's just as likely that all the buildings he bought in on end up sitting empty but costing money to maintain for several years or more after their Sears store closes.
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Jan 10, 2017 17:46
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FilthyImp posted:It's not uncommon for some of these mall-ish strips to be redeveloped as luxury mixed-use developments. But it's also not uncommon for those projects to stall out and never open, or even get past the planning stage. He'd need most of those properties he had his company buy to successfully get redeveloped to come out ahead. You're not going to get a luxury development out of the Sears in some ratty suburb 40 miles out of the nearest big city. exploded mummy posted:There was a Sears home center or seth in near my apartment and no one moved in for 2 or 3 years after it went out. Yeah this sort of thing happens a lot. I'd bet the car dealership was able to heavily undercut the price the property owner originally expected to get too.
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Jan 10, 2017 19:43
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rscott posted:I thought he sold all the valuable properties to his reit and left the lovely ones under corporate control? His idea of valuable, which doesn't seem to comport with reality. Just like how all of his other decisions have been fuckups. There's also that a lot of the most valuable Sears/Kmart locations aren't in the position to be forcibly sold to his investment trust.
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Jan 11, 2017 00:47
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OneEightHundred posted:I don't really understand what the appeal of Kmart is even supposed to be, it's like someone decided to just make a Wal-Mart clone except with prices higher than Target. Kmart started just before Wal-Mart, and was a national chain for a long time when Wal-Mart was only present in the South. Kmart had gone national by the 70s (around 1977), while Wal-Mart didn't have stores outside the South until 1977 when they entered Illinois. It took til 1995 for Wal-Mart to have stores in every state with the last state they expanded to being Vermont. Kmart and Wal-Mart were basically interchangeable for a very long time, with Kmart being available in more places and better known. BarbarianElephant posted:Also no fresh foods, just frozen dinners and food science's finest HFCS concoctions. Wal-Mart didn't really have a fresh foods selection for a long time They didn't really have supermarket level food selections until the late 90s.
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Jan 11, 2017 17:45
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OhFunny posted:
The chain only has about 310 stores, so closing 25 of them is a pretty serious chunk.
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Feb 12, 2017 17:28
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OneEightHundred posted:
It's less that malls themselves are bad ideas, and more that there was very extensive overbuilding of malls in the 80s through 2000s. We're seeing a lot of the ones that were never very needed closing down, creating a wave of consolidation into other malls in any given area. A lot of malls tried transitioning to those lovely "lifestyle centers" where all the stores have outside entrances on a fake main street sort of road, but those seem to be doing even worse - and that's for good reason, that was always a lovely sort of idea. All the inconvenience of a place you have to drive out to, none of the convenience of having an enclosed temperature controlled area when going between shops. The best way to redevelop and extraneous mall, tends to be the projects that are more comprehensive. For example, in the town next to my hometown they knocked down a traditional mall that'd been mostly empty to years, and redeveloped the parcel of land into a bunch of different uses. One section was turned into a processing and shipping warehouse for mail order pharmacies, another large chunk was turned into townhouses and condos. Another large section was turned into a medical center, a branch of the county college system, and a new central location for the town's library. They also made the location a major park-and-ride center for the state and county bus systems. Only after all that was in, did they redevelop the rest of the land into smaller-scale shops in sort of a strip mall layout. As a result, it produced an area that works rather well. fishmech fucked around with this message at 00:11 on Feb 13, 2017 |
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Feb 13, 2017 00:04
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OneEightHundred posted:I've always heard those called "shopping villages" and they make sense in more Southern parts of the country with consistently mild climate. Perhaps, but a lot of those Southern places are pretty unpleasant over the summer months, what with the heat and humidity. Really well planned and thought out ones can deal with it, many of the projects don't have that level of care. It was definitely overbuilding - many of those malls never managed to get close to full occupancy at the best of times, and that was down to a simple lack of customers. They would have required much more population and economic growth in the places they were built in order to keep going. Yeah converting significant chunks of an existing mall to office space is getting more and more popular, and can often produce a really nice synergy of bringing in consistent customers. Some other malls both do that and bring in a community college branch to one of their empty anchor tenants - though that relies on having a local/county government willing to spend money on expanding education. One major reason those projects succeed is that a shopping mall is often an informal hub or major transfer point for local bus services, where more typical office parks or community college campuses won't be.
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Feb 13, 2017 03:16
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OwlFancier posted:We count at least once a year every single thing in the store in every single chain I've ever worked in, and for high error stock (stuff that gets nicked a lot) we do it on a monthly basis at least. Normally I just do it whenever anything looks wrong. Well the thing is before computers, you'd easily be doing the total store count once a week instead of once a year, and the high error stock might be getting checked daily. It adds up to a lot more work. Because without barcodes and computers in the register, you wouldn't have an ongoing tracking of products as they sell. Cashier wasn't carefully noting down each item as they sold them.
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Feb 27, 2017 16:26
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OneEightHundred posted:Apparently for all the talk of K-Mart being a shittier Wal-Mart or Target, Target isn't doing well either: As they mention in the article though, they've been doing a lot of expansion into urban area which has to be costing them a lot to start up. When I moved to Boston in 2015, there was only one Target store in the city, and that was in a traditional big box strip mall. They've since brought in two stores of modified design, one inside a new office building on multiple floors and another on the commercial strip of traditional city stores near Boston University. They're also building several more stores of similar designs in dense areas of Cambridge and Somerville. Not sure how it's going to work out, but they sure are more convenient for people without cars.
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Mar 2, 2017 17:27
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LeoMarr posted:So I saw Amazon now offers 1 day shipping to prime members. Are we going to see a further downturn of retail as we know it with other providerbeing forced to mimic the same behavior That's been available for a few years in many areas, assuming you're talking about just plain getting 1 day delivery instead of 2 day delivery as your standard free delivery with Prime. Mostly depends on where you're situated relative to their shipping facilities. Some of those same areas also make your default free shipping into same-day (so long as you order by like 2 PM that is), and that's even more dependent on how near to a facility you are. In a further subset of those areas, they have free 2-hour delivery on a limited subset of the site's stock too. Mostly food and office supplies, but some electronics and other random items.
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Mar 19, 2017 21:30
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OhFunny posted:
Note: that Family Christian store? That's all of their stores closing at once. After what was a failed attempt to move from being a for-profit business to a non-profit orchestrated by the new owners starting in 2013.
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Mar 22, 2017 14:39
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Teriyaki Hairpiece posted:I do wonder how Walgreens is so continuously expanding so fast. I feel like I could make all those Starbucks jokes from the 90's about Walgreens in the 2010's. Walgreens initiated a purchase of Rite Aid in late 2015, so a lot of apparent expansion is probably from the ongoing rebranding. (A thousand or so of the Rite-Aid locations were sold off to a third party to avoid potential antitrust lawsuits in certain areas). They've also been buying out a lot of regional chains over the past few years and slowly converting them over. Once the merger is completely done, there should be about 11,000 remaining Walgreens locations in the US once Rite-Aid locations that will remain open are incorporated into the business structure. For comparison, Rite-Aid had around 4500 locations before the deal, Walgreens had about 8300 locations, and rival chain CVS had about 9500. fishmech fucked around with this message at 21:11 on Mar 22, 2017 |
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Mar 22, 2017 21:08
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glowing-fish posted:Pharmacy meaning prescriptions or any type of health products? I think it's just a misreading of the situation. The Walgreens company has bought out over 10,000 existing pharmacy locations worldwide in the past 10 years, and in the US the thousands they have bought are in the process of being rebadged to the Walgreens brand - except for Duane Reade stores in New York City. This makes it look like Walgreens has spent a lot on expansion, but they've spent a lot less than it would first appear on simply rebadging existing stores built and long operated by others. The overall pharmacy market isn't growing that much, because plenty of acquired stores get shut down when they compete too heavily with an existing Walgreens, but it looks like they're undergoing massive growth to a casual observer.
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Mar 23, 2017 14:42
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exploded mummy posted:I wonder how much of it is left over redundancy from when they bought out EB like years ago. Yeah the mall in the town I grew up in had 2 Gamestops for that reason up until very recently, when they finally closed the one that used to be a Babbage's and kept the one that used to be EB Games. I guess both stores just had really favorable lease terms? 150 stores is also only 2% of their total stores, which doesn't seem like too big a deal.
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Mar 25, 2017 17:39
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One thing the article mentioned that I found really salient is that most of these companies had unrealistically gone deep into debt to fund all this expansion, which put a super heightened amount of stress on the business when sales were only ok, instead of meeting unrealistic goals that were never going to happen. For many of these companies, their current fleets of stores could have been safely profitable if built out slower with lower debt loads. But that didn't happen.
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Apr 6, 2017 16:59
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Jack2142 posted:What the hell is true religion? They're a fashion brand that's heavily focused on designer jeans and other denim clothes.
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Apr 7, 2017 21:15
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Craptacular! posted:
Yes noted company that doesn't soak the customer for profit, Apple.  And the only Tesla cars you can actually purchase right now cost a minimum of $70,000, that's hardly mass-market (they've also sold under 300,000 vehicles in total). fishmech fucked around with this message at 03:25 on Apr 8, 2017 |
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Apr 8, 2017 03:15
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Craptacular! posted:People don't have to actually own a Tesla to hear about the dealership regulatory struggle and dwell on the politics of it. What "dealership regulatory struggle"? Tesla was just mad they couldn't just have storefronts in upscale malls and sell their cars there in every state (usually because states have common sense requirements for a legal dealership, such as having suitable safes for motor vehicle documents, enough room to actually show cars safely, a landline to ensure the dealership can be contacted, sometimes even specific arrangements for a customer to bring a new/leased car in for repair services). They could still sell their cars online just fine, in fact if you go to most of their locations to actually order the car they direct you to their website anyway. You would go to a Foot Locker because Nike isn't going to bother to open Nike outlet stores in every shitstack town. Duh? Do you think all these brands have infinite cash to keep up that kind of rent, or that the customers all have the time and money to drive out to the lesser number of locations the manufacturers can afford to keep up rent on? Same goes for any other brand that currently sells in multiple stores, retail is an expensive business to get into and has fairly high costs and risks. That's why so many stores are going under in the first place! You seem to be confused by the fact that you live near the center of a fairly large metro area, so of course you're going to have a lot of single-brand stores bothering to set up shop. You won't have that on the outskirts of Des Moines' metro or whatever.
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Apr 8, 2017 05:54
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That's only 10 miles out of central Des Moines, in a prime shopping belt of the loose beltway formed by I-35, I-80, US-65 and an Iowa state route. Craptacular! posted:You won't find mall-focused brands like Sears or Dick's Sporting Goods out there, either. You would find a Sears out there before the company started collapsing. You would still find something like a Foot Locker or other multiple brand shoe stores far before you find outlet stores only. You'd even find various independent or small chain shoe stores first. Also if your town has a whole 43,000 people, how fringe can it really be? There's only about 1350 towns in this country that are 30,000 population or larger. fishmech fucked around with this message at 16:39 on Apr 8, 2017 |
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Apr 8, 2017 16:33
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Not really as impressive as it sounds when you remember that the great collapse in coal mine employment happened much farther back, and retail employment is absolutely huge. We had a peak of 798,000 employed in coal mining in 1923, decline to 500,000 in 1945, 150,000 in 1960, a minor resurgence to 250,000 by 1980, falling back to 90,000 by 1995 (for an about 20 years ago mark) and then back down to about 70,000 today. Meanwhile there were ~4.9 million employed in retail in 2015. fishmech fucked around with this message at 02:17 on Apr 11, 2017 |
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Apr 11, 2017 02:14
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The Eastern Mountain closings is funny to me, because the one closest to me is right next to a City Sports that went under last year when that chain went out of business.
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Apr 20, 2017 20:17
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glowing-fish posted:Is that because of lifestyle and location marketing? I know that in Portland, REI is located right in the Pearl District, which is full of young rich people with a lot of money. Well REI is also organized as a co-operative enterprise and doesn't participate in wild expansion sprees - they have less than 150 stores nationwide. This means they didn't overleverage themselves in a chase for shareholder profits over the past few decades the way other similar stores did.
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Apr 21, 2017 18:40
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ultravoices posted:Old factories and mills are made of brick and steel and have features like windows which are often charming. We've also been programmed to see conversions of those spaces as desirable. You can already put new windows in and replace the roof though. Factory/warehouse/mill refurbishment into housing that's legal instead of the impovised illegal squats such residences are meant to evoke require tons of interior and exterior reworking in the first place to meet living standards.
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Apr 25, 2017 19:15
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I forgot to mention earlier but, major shopping centers usually have pretty good public transportation if the area has public transit at all. It's not uncommon in the least for a big mall or something to become a de facto hub for transit routes in suburbia and spread out areas of certain cities. This feature is one reason that conversions of all or part of a failing mall to purposes like a new county college branch or plain old office space can work out well - students and employees can both travel much easier than to an office park or campus opened in traditional industrial parks or other outlying areas. One good example of mall-as-transit-hub is the White Marsh Mall outside of Baltimore, MD. The Mall not only routinely serves as the terminus/transfer hub for 4 different MTA Baltimore bus lines going to the northeast suburbs from downtown and other suburbs, it's also used as a Megabus stop for services from a few other cities (so Megabus can avoid the hassles of actually going all the way into Downtown, since they can rely on bus service from White Marsh to handle those connections). You can check it out here: https://mta.maryland.gov/sites/default/files/MTA-Regional-Transit_0.pdf
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Apr 26, 2017 03:44
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935 posted:What happens to all these retail and big box buildings once the business leaves? As much as I wish the real estate could just be turned into parks or gardens or whatever the truth is that demolition is expensive and what ends up happening is the building gets left to rot and crumble, the parking lots crack and weeds come through and everyone just ignores it. Now with the pace accelerating and more and more strip malls closing, do we just have to live with these carcasses of former buildings littering towns or is there a plan to tear down / re purpose? One abandoned big box strip mall in my hometown area had part of the massive parking lot taken for a senior living apartment tower, and then the strip mall part proper had the interior walls knocked out to form one continuous open space down the length of it. They then moved the nearest permanent flea market into it when its old building closer to Philly was scheduled to be torn down for some other development project. In the process of moving the flea market, they were able to construct a bunch of ministores inside the building so that the big time sellers basically operate as more typical stores, while still having a ton of space for the hobbyist sellers. A lot of places though they just get torn down intentionally, or some rear end in a top hat kids do an arson and they burn down of course.
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Apr 26, 2017 21:09
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