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5 minutes ago, Terdolph said:

So why can't the dept stores do something like this and compete w/ Amazon?

 

Amazon has scaled such that it's nearly impossible for anyone to compete with them on price.  The department stores could differentiate with services like this, but the prices would be higher for the same items.  I don't think there are enough consumers that value service enough to pay the higher prices.

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As one who sells tens of millions of $ in goods a year to Amazon, the surprise of their "low" pricing is that they normally are matching  other, competitive, market-share-seeking retailers on price. If left to their own devices, Amazon would prefer to sell a $50 retail item for $50. But in trying to out-Amazon Amazon, other retailers drop their retails and Amazo matches per corporate policy. In the future you will see more manufacturers giving Amazon some products that are different than what other retailers will have access to (or vice versa), to avoid the race to lowest retail.

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33 minutes ago, Terdolph said:

So why can't the dept stores do something like this and compete w/ Amazon?

 

Their two hopes for survival are 1) exclusive merchandise, which is only possible at low volume/high price levels; or 2) making the shopping experience fun.  Option 1) is probably easier, but it means only the Neiman-Marcuses of the country will survive.

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I would say some of the big department stores do a good job at competing using the tactics mentioned above. One of the reasons I prefer shopping at Saks is because the sales people know me, know what I like, and are able to help me find things I likely would not have found for myself. Also having access to the pre-sales by having a Saks card, and thus first pick, is pretty great too. While I know not everyone can do their shopping at Saks, I think their business model works. Its certainly a shopping experience I couldn't get with Amazon.

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Sidebar comment just for fun; Although Macy’s has its challenges, one of the reasons it is in better shape than most other departments stores is that it was very early into e-commerce and got it more fully integrated across the business. A major move was being first to figure out how to use its stores as warehouses for online orders and invest in the IT and logistics to make it happen. 

Edited by roman totale XVII

And they reckon that the last thing she saw in her life was
Sting, singing on the roof of the Barbican

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^ ha -- yes and my spouse's company handled the on-line world aspects of that. they are sort of a backbone of the internet.

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5 minutes ago, Terdolph said:

Now maybe someone will power wash the Rockefeller Bldg.

I was thinking more along the lines of 'Now maybe someone will do something with the handsome building that Norton Furniture was in.'

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3 hours ago, sizzlinbeef said:

I was thinking more along the lines of 'Now maybe someone will do something with the handsome building that Norton Furniture was in.'

 

Norton was the one next to the new school? 

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4 hours ago, Terdolph said:

Now maybe someone will power wash the Rockefeller Bldg.

 

Won't happen until after the sale goes through. 😉

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"Life is 10% what happens to you and 90% how you respond." -- Coach Lou Holtz

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Seems like the hipster barbershop, The Refinery, is moving into the former (forget the name) beauty salon on E14th next to the Hanna Theater. They’re already in the 668 building on Euclid, so I imagine this has to be a move rather than a new location. Should also be an upgrade for them as now they have a street presence. The current place is buried in the apartment building and AFAIK, unless you’re a resident of 668 with a key fob, you have to be buzzed in by them which must be limiting to business. 

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And they reckon that the last thing she saw in her life was
Sting, singing on the roof of the Barbican

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3 minutes ago, roman totale XVII said:

Seems like the hipster barbershop, The Refinery, is moving into the former (forget the name) beauty salon on E14th next to the Hanna Theater. They’re already in the 668 building on Euclid, so I imagine this has to be a move rather than a new location. Should also be an upgrade for them as now they have a street presence. The current place is buried in the apartment building and AFAIK, unless you’re a resident of 668 with a key fob, you have to be buzzed in by them which must be limiting to business. 

I love that place!  I'm glad, because that will help their business!!  

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1 minute ago, mack34 said:

I just talked to the woman that cuts my hair...this is going to be a second location for Refinery.

That’s great to hear. Business must be good!

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And they reckon that the last thing she saw in her life was
Sting, singing on the roof of the Barbican

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not cle retail, but i notice a big, new trend in nyc beyond pop-up retail shops is turning former larger retail and empty commercial spaces into entertainment businesses -- geared mostly toward tourists, but also towards school kids and locals too. things like instagrammy video experiences, small entertainment museums, etc.. -- they are springing up everywhere out here these days:

 

https://zerospace.co/

https://kgbespionagemuseum.org/

https://newyork.museumofillusions.us/

 

^ and etc., etc. -- i thought something small and easily done on a trial or temporary basis like that (as these seem to be) could do also well in downtown cle dead space.

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56 minutes ago, mrnyc said:

not cle retail, but i notice a big, new trend in nyc beyond pop-up retail shops is turning former larger retail and empty commercial spaces into entertainment businesses -- geared mostly toward tourists, but also towards school kids and locals too. things like instagrammy video experiences, small entertainment museums, etc.. -- they are springing up everywhere out here these days:

 

https://zerospace.co/

https://kgbespionagemuseum.org/

https://newyork.museumofillusions.us/

 

^ and etc., etc. -- i thought something small and easily done on a trial or temporary basis like that (as these seem to be) could do also well in downtown cle dead space.

there was that pop-up bar in the corner retail space next to the Kimpton hotel at 9th/Euclid. more of that please.

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^ oh now that is an even more excellent idea -- haha!

 

i wonder how one would go about getting i guess temporary beer/wine/liquor permits for something like that? 

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On 9/17/2019 at 1:01 PM, mrnyc said:

not cle retail, but i notice a big, new trend in nyc beyond pop-up retail shops is turning former larger retail and empty commercial spaces into entertainment businesses -- geared mostly toward tourists, but also towards school kids and locals too. things like instagrammy video experiences, small entertainment museums, etc.. -- they are springing up everywhere out here these days:

 

https://zerospace.co/

https://kgbespionagemuseum.org/

https://newyork.museumofillusions.us/

 

^ and etc., etc. -- i thought something small and easily done on a trial or temporary basis like that (as these seem to be) could do also well in downtown cle dead space.

All I see is empty store fronts.  I've never seen NYC this bad.

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High rent/greedy landlord parasites are part of it. Enormous property taxes another. Changing consumer tastes another. Out of town institutional investors holding properties hostage/open, awaiting a national retailer, for years another. A lack of vacancy taxes/penalties another. A lack of broader eminent domain seizures another. Mandatory and unnecessary first floor retail in new residential properties yet another reason. 

 

And the list goes on and on and on and on...

Edited by TBideon
Added "unnecessary"
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Another big retailer in trouble.  They have four stores in Cleveland.

 

 

Forever 21 will file for bankruptcy. The retailer helped popularize fast fashion in America, but opened too many stores as shopping habits changed.

Sunday, September 29, 2019 9:17 PM EST

The family-held company fell victim to the eroding power of shopping malls and said it would cease operations in 40 countries and close up to 178 stores in the United States.

 

https://www.nytimes.com/2019/09/29/business/forever-21-bankruptcy.html

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Heinens and Geiger’s opened up what, 5 years ago downtown on Euclid? They both seem to be doing well. Unsubsidized. Geiger’s has 3 stores, so I can’t imagine the other 2 can absorb the losses from #3. We have a lot of bodies downtown now. Things are different. Tower City opened when literally  nobody lived downtown. Tower City is now empty on purpose (CityBlock).  Lets get over that whoa is me bullsh*t. Hopefully the new SHW Headquarters will snuff that out.

Sorry I don't know how to forum but this was from @marty15 in the sherwin williams topic.

 

Heinens is doing very well of course, pretty easy to see that from the traffic every day. From what they've said, they were kinda taking a risk with this model and it's mostly paid off. They have shuffled around the rotunda stalls a lot (replaced the deli with a hot bar - you can get cold cuts pre-packaged in the coolers). They are more expensive than the suburban stores, but for a downtowner that is fine since they aren't paying for gas to get there.

 

Geiger's I am less sure about. I very rarely see people in there. Their prices are high, even during sales. My guess is that they are trying to tread water until Euclid gets built up more.

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1 minute ago, Cavalier Attitude said:

Sorry I don't know how to forum but this was from @marty15 in the sherwin williams topic.

 

Heinens is doing very well of course, pretty easy to see that from the traffic every day. From what they've said, they were kinda taking a risk with this model and it's mostly paid off. They have shuffled around the rotunda stalls a lot (replaced the deli with a hot bar - you can get cold cuts pre-packaged in the coolers). They are more expensive than the suburban stores, but for a downtowner that is fine since they aren't paying for gas to get there.

 

Geiger's I am less sure about. I very rarely see people in there. Their prices are high, even during sales. My guess is that they are trying to tread water until Euclid gets built up more.

I've popped into Geiger's a few times and I really want to buy something but everything in there is just too expensive.

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^I bought a coat there. Its a nice coat. Would it have cost less in Lakewood? I didn't think about that option at the time, but if I did and it was the same price, I would certainly buy it Downtown than Lakewood to support the downtown store. 

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16 minutes ago, Pugu said:

^I bought a coat there. Its a nice coat. Would it have cost less in Lakewood? I didn't think about that option at the time, but if I did and it was the same price, I would certainly buy it Downtown than Lakewood to support the downtown store. 

Was just in the store downtown this Saturday. I will be back to get a winter coat, but the selection was great. I went right when they opened and there were about 10 people in the store,

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On 9/30/2019 at 12:20 AM, Pugu said:

Another big retailer in trouble.  They have four stores in Cleveland.

 

 

Forever 21 will file for bankruptcy. The retailer helped popularize fast fashion in America, but opened too many stores as shopping habits changed.

Sunday, September 29, 2019 9:17 PM EST

The family-held company fell victim to the eroding power of shopping malls and said it would cease operations in 40 countries and close up to 178 stores in the United States.

 

https://www.nytimes.com/2019/09/29/business/forever-21-bankruptcy.html

All the Cleveland stores were spared. However, Cincinnati/Dayton area lose 4, Niles(Eastwood Mall) loses theirs.

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22 hours ago, Pugu said:

^I bought a coat there. Its a nice coat. Would it have cost less in Lakewood? I didn't think about that option at the time, but if I did and it was the same price, I would certainly buy it Downtown than Lakewood to support the downtown store. 

The prices should be the same, and if they don't have something specific in stock at one of the stores, they have always called the other 2 locations to see what's available in my experience.  The main difference between the stores is that Lakewood and Chagrin have more sports equipment (ski, team sports, etc.) while downtown is almost exclusively apparel + some outdoor accessories.  

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general retail news:

 

 

The US is adding jobs, but not in retail. The industry shed 11,400 jobs last month

 

KEY POINTS

- The U.S. government reported on Friday that the unemployment rate has fallen to 3.5%, a new 50-year low.

- But over the last month, retail axed 11,400 jobs.

- Since reaching a peak in January 2017, retail trade has lost 197,000 jobs.

 

more:

https://www.cnbc.com/2019/10/04/retailshed-11400-jobs-last-month.html

 

 

Do retail metrics need to be reinvented?

 

more:

https://www.retailwire.com/discussion/do-retail-metrics-need-to-be-reinvented/

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more:

 

 

DEEP DIVE

These 28 retailers could go bankrupt in the next year

That figure is more than double Retail Dive's past watch lists, which are based on our analysis of CreditRiskMonitor data

 

more:

https://www.retaildive.com/news/these-28-retailers-could-go-bankrupt-in-the-next-year/563997/

 

 

 

These retailers could benefit from Forever 21's bankruptcy

 

more:

https://www.retaildive.com/news/these-retailers-could-benefit-from-forever-21s-bankruptcy/564378/

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19 hours ago, mrnyc said:

more:

 

 

DEEP DIVE

These 28 retailers could go bankrupt in the next year

That figure is more than double Retail Dive's past watch lists, which are based on our analysis of CreditRiskMonitor data

 

more:

https://www.retaildive.com/news/these-28-retailers-could-go-bankrupt-in-the-next-year/563997/

 

 

 

These retailers could benefit from Forever 21's bankruptcy

 

more:

https://www.retaildive.com/news/these-retailers-could-benefit-from-forever-21s-bankruptcy/564378/

 

J. Crew has been in retail purgatory for over 15 years.

Rite Aid (who swalled up RevCo) will most likely be absorbed by Walgreens.

GNC?  Humm

Nieman Marcus (Bergdorff Goodman) I'm very skeptical.

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I see where Saks is looking to buy Barneys and close some of Barneys locations. But also open Barneys shops inside of Saks stores. Wonder if Beachwood would get such a shop at Saks?

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10 hours ago, B767PILOT said:

I see where Saks is looking to buy Barneys and close some of Barneys locations. But also open Barneys shops inside of Saks stores. Wonder if Beachwood would get such a shop at Saks?

Authentic Brands and Hudson Bay are looking to buy Barneys but license the name to the Saks brand.

 

I dont see how a "store within a store" would work. I need to hear more.  Saks and Barney's are competitors selling much of the same product from the same vendors.

I don't see Beachwood getting a Barney's as a stand alone or inside a store.  People are still upset about the TC store closing.  Perhaps we could get a COOP store.

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On 10/5/2019 at 6:44 AM, MyTwoSense said:

 

J. Crew has been in retail purgatory for over 15 years.

Rite Aid (who swalled up RevCo) will most likely be absorbed by Walgreens.

GNC?  Humm

Nieman Marcus (Bergdorff Goodman) I'm very skeptical.

Didnt Nieman just restructure?  And I dont think BG is going anywhere. Its a classic

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8 hours ago, B767PILOT said:

Didnt Nieman just restructure?  And I dont think BG is going anywhere. Its a classic

You do realize that BG is owned by Needless Markup?  Like regional luxury stores Higbee's, I. Magnin, Wannamaker's, etc.  BG could close if NM chose to do so.

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8 hours ago, marty15 said:

Barneys is no more 😕

 

“The store reportedly reached a deal Wednesday with Authentic Brands Group LLC and investment firm B. Riley Financial Inc. to sell its assest at just over $271 million.”

 

https://www.fox5ny.com/news/barneys-to-close-all-stores-including-flagship-madison-ave-location

 

This is sad.  As someone who has spent a lot of money in Barney's I feel like I'm owed a piece of that damn brand!

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20 minutes ago, MyTwoSense said:

You do realize that BG is owned by Needless Markup?  Like regional luxury stores Higbee's, I. Magnin, Wannamaker's, etc.  BG could close if NM chose to do so.

Yes, i do.  

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On 10/16/2019 at 11:55 PM, MyTwoSense said:

Authentic Brands and Hudson Bay are looking to buy Barneys but license the name to the Saks brand.

 

I dont see how a "store within a store" would work. I need to hear more.  Saks and Barney's are competitors selling much of the same product from the same vendors.

I don't see Beachwood getting a Barney's as a stand alone or inside a store.  People are still upset about the TC store closing.  Perhaps we could get a COOP store.

Please refresh my memory a TC store and a COOP store

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3 hours ago, osu87 said:

Please refresh my memory a TC store and a COOP store

What specifically are you asking/want to know.  I along with many people I know are still pissed at the closing of the Tower City Barney's store.

 

I don't see a Barney's store inside Saks in Beachwood.  I could however, see a Barney's COOP Store in Cleveland.  COOP started as a section, then floor, in Barney's, before becoming full fledged stores, so maybe that could work in a retail space in Cleveland.

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Co-op unfortunately closed a few years ago in Chicago...are there any left? Where can I get my APC jeans😫

 

Edit...looks like SAK's mag mile has them😀 according to the website.

Edited by metrocity

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3 minutes ago, metrocity said:

Co-op unfortunately closed a few years ago in Chicago...are there any left? Where can I get my APC jeans😫

Nordstrom and Saks both carry APC.  Lawd....you kids.  Not very brand loyal if you didn't know two department stores downtown carry your brand.  Humph!

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I always got them at Barneys, and that is now closed too as well as Co-op in lincoln park. In my defense, I work in the west loop and live in Pilsen. I rarely go across the river to N Michigan Ave. Good to know Nordstroms and Sak's have them. They didn't used to. They last forever...but I'm in need of some new pairs.

 

Keeping it on topic...do the Cleveland stores carry them?

Edited by metrocity

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55 minutes ago, metrocity said:

I always got them at Barneys, and that is now closed too as well as Co-op in lincoln park. In my defense, I work in the west loop and live in Pilsen. I rarely go across the river to N Michigan Ave. Good to know Nordstroms and Sak's have them. They didn't used to. They last forever...but I'm in need of some new pairs.

 

Keeping it on topic...do the Cleveland stores carry them?

Hint.  the internet is your friend.  😉😉    This retailer may be close to your home or office  https://www.notre-shop.com   Lawd!

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^ espere, de internet es tu amigo?? es verdad papi chulo? madre mia!  😉

 

 

here is some interesting retail news -- get yr legal weed on downtown:

 

https://www.globenewswire.com/news-release/2019/07/30/1894089/0/en/Green-Thumb-Industries-GTI-Opens-Rise-Cleveland-the-City-s-First-Cannabis-Store-and-GTI-s-Third-Retail-Location-in-Ohio-on-August-1.html

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On 10/22/2019 at 12:26 PM, mrnyc said:

^ espere, de internet es tu amigo?? es verdad papi chulo? madre mia!  😉

 

 

here is some interesting retail news -- get yr legal weed on downtown:

 

https://www.globenewswire.com/news-release/2019/07/30/1894089/0/en/Green-Thumb-Industries-GTI-Opens-Rise-Cleveland-the-City-s-First-Cannabis-Store-and-GTI-s-Third-Retail-Location-in-Ohio-on-August-1.html

 

That Spanglish is horrible!

 no way smh GIF by Robert E Blackmon 

 

Leave that weed alone folks.

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On 10/24/2019 at 12:10 AM, MyTwoSense said:

 

That Spanglish is horrible!

 no way smh GIF by Robert E Blackmon 

 

Leave that weed alone folks.

 

 

ay caramba!

 

F2136C01-CC95-4346-A86C-E5339C13A9AA_zps

Edited by mrnyc

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