My opinion of Big retail stores closing up.

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Re: My opinion of Big retail stores closing up.

Postby AlienSoldier » Oct 30th, 2017, 11:00 am

1. A packed doesn't mean a profitable mall. Most malls make their profit between Friday and Sunday, the rest of the week they are slow. So look at google analytics to see how actually busy a mall is on average.
2. When large anchor tenants leave it puts undue stress on the smaller shops as they have to now brand themselves more to bring people to the mall. This is an added cost which the larger retailers absorb.
3. Long term leases with the large anchor tenants help keep malls open as it makes sure they are steady for years to come.
4. With younger people looking for "events and experiences" malls need to invest to drive people in (think Sherway Gardens, Yorkdale and Eaton Center) all had 100 million+ renovations to drive traffic.
5. Always view what people are carrying, you could go for a walk in the mall and not buy anything. Those stores are paying a premium to be in that location, so if customers are not buying, they will not be there long.

Larger cities will always have the advantage of numbers, with more people in Vancouver, Calgary, Toronto, Edmonton, etc they can always count on a portion of business. If you compare cities the size of Kelowna to other centers in the US and Canada, you will indeed see malls starting to be stressed, or closing.
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Re: My opinion of Big retail stores closing up.

Postby AlienSoldier » Oct 30th, 2017, 11:18 am

Dizzy1 wrote:
Thinktank wrote:Sure the outlet mall in Las Vegas is busy, with 30 million tourists every year,

As are the several malls I listed :up:

For every mall that is dying, there is a mall that is thriving :up:


By that note, 50% of the malls are dying. :200:
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Re: My opinion of Big retail stores closing up.

Postby Dizzy1 » Oct 30th, 2017, 10:56 pm

AlienSoldier wrote:
By that note, 50% of the malls are dying. :200:

By that note, glass is half empty or the glass is half full - all depends on one's outlook - be positive and prosper or be doom and gloom and wallow :up:
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Re: My opinion of Big retail stores closing up.

Postby AlienSoldier » Oct 31st, 2017, 4:43 am

Dizzy1 wrote:
AlienSoldier wrote:
By that note, 50% of the malls are dying. :200:

By that note, glass is half empty or the glass is half full - all depends on one's outlook - be positive and prosper or be doom and gloom and wallow :up:


Haha I'm probably one of the most positive people out there, but with the number of jobs that malls provide it is scary to think about even a 10% reduction not affecting lifestyle and small town life. These are jobs that students, young adults and people start with and sometimes make careers out of.

Hopefully the old is replaced with something new, maybe a new concept or idea will take root, but right now I can't think of what else you can turn a mall into.
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Re: My opinion of Big retail stores closing up.

Postby Fancy » Oct 31st, 2017, 5:36 am

I believe some have been turned into commercial buildings - offices and retail combined.
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Re: My opinion of Big retail stores closing up.

Postby Thinktank » Dec 16th, 2017, 3:56 pm

Thinktank wrote: Clothing manufacturers found out they needed a way to get rid of stock that might have been good quality, but just didn't go over very well, so the outlet mall was invented.

^^^ not true.

You learn something new every day. Outlet malls are a scam. I kind of knew something was wrong, the stuff in the outlet mall I was at just didn't look right, and now I know it was inferior quality.

How tricky can they be?

https://www.youtube.com/watch?v=f8cyvpJYZlk&t=394s

outlet malls are a scam.
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Re: My opinion of Big retail stores closing up.

Postby Dizzy1 » Dec 17th, 2017, 11:41 pm

Thinktank wrote:You learn something new every day. Outlet malls are a scam. I kind of knew something was wrong, the stuff in the outlet mall I was at just didn't look right, and now I know it was inferior quality.

My inner gut tells me you couldn't tell the difference between corduroy and denim let alone a Ralph Lauren sweater from a retail store vs. one from an outlet mall :135:

Outlet malls are great - if you know how to shop :up:

Picked up some new Sketchers and a Tumi carry on at the Phoenix Outlet the other week for a fraction of what I'd pay in Canada :up:
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Re: My opinion of Big retail stores closing up.

Postby Bsuds » Dec 18th, 2017, 5:41 am

Dizzy1 wrote:Picked up some new Sketchers and a Tumi carry on at the Phoenix Outlet the other week for a fraction of what I'd pay in Canada :up:


I have purchased Sketchers at an outlet Mall in the US as well and they were cheaper than the same shoe here including my employee discount. (which was 10% over cost)
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Re: My opinion of Big retail stores closing up.

Postby Jflem1983 » Dec 18th, 2017, 8:00 am

Bsuds wrote:
Dizzy1 wrote:Picked up some new Sketchers and a Tumi carry on at the Phoenix Outlet the other week for a fraction of what I'd pay in Canada :up:


I have purchased Sketchers at an outlet Mall in the US as well and they were cheaper than the same shoe here including my employee discount. (which was 10% over cost)



Well ya. In Canada. 75 percent of the cost of everything is hidden taxes . Highest taxes on goods anywhere outside of Europe.
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Re: My opinion of Big retail stores closing up.

Postby Thinktank » Dec 18th, 2017, 11:56 am

Just buying something "On Sale" in any store in USA is always better than anything you get in Canada.

Image
If you want to buy stuff, go ahead. But it's never packed with people because the deals are just normal - not super.
And the products are slightly inferior.

Image
^ Look at that. If it's 50% off, how come the store is empty. [icon_lol2.gif]

And the products are slightly inferior. I saw. Still not a bad deal, but not an incredible deal.
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Re: My opinion of Big retail stores closing up.

Postby Fancy » Dec 18th, 2017, 1:31 pm

If that's the one in Las Vegas - it was pretty busy when I was there. Easy to take photos when the store is closed for promotional purposes.
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Re: My opinion of Big retail stores closing up.

Postby alanjh595 » Dec 18th, 2017, 1:56 pm

That looks like the one I was at in Vegas. It was fairly busy when I was there but still easy to get around. I didn't see any big special deals there, after exchange things were slightly less than buying in Canada.
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Re: My opinion of Big retail stores closing up.

Postby Dizzy1 » Dec 18th, 2017, 8:56 pm

Thinktank wrote:
Image
^ Look at that. If it's 50% off, how come the store is empty. [icon_lol2.gif]

:spitcoffee: Good one TT!
Fancy wrote:If that's the one in Las Vegas - it was pretty busy when I was there. Easy to take photos when the store is closed for promotional purposes.

alanjh595 wrote:That looks like the one I was at in Vegas. It was fairly busy when I was there but still easy to get around. I didn't see any big special deals there, after exchange things were slightly less than buying in Canada.

That is the North End Outlet in Vegas. There is also one on the south end, but its indoors and not nearly as nice.

Defeniteley good deals to be had there. I picked up a Citizen Eco-Drive Promaster Diver for $150US at the North Outlet Vegas mall, with the exchange at the time it came to about $220CAD. It normally sells for $395CAD, but is currently on sale at WatchIt! for $276CAD. An associate of mine picked up a Michael Kors bag for his wife when we were there the other week, $200CAD for the same bag that was selling in Edmonton for $385. My Sketchers that I bought at the outlet mall in Phoenix the day before, I paid $90CAD for 2 pairs - the more expensive of the two was retailing for $125CAD (just the one pair) in Canada.

If you really want good deals next time anyone is in Vegas, head to Macy's in the Fashion Mall on the Strip, just across from The Wynn - really nice Tommy Bahama or Calvin Klein dress shirts for under $20US. Ralph Lauren, Boss, IZOD - all great prices.
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Re: My opinion of Big retail stores closing up.

Postby Fancy » Dec 19th, 2017, 6:01 am

Thinktank wrote: Still not a bad deal, but not an incredible deal.

If you are enquiring about the pictures (you forgot to post the link), ask who took them:
http://www.triptipslasvegas.com/2016/06 ... vegas.html
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