Build a Target. Build a Target. Build a Target. Build a Target. Build a Target. Or not. Something, though. Soon.
We can hope.
We can hope.
Like a glutton for punishment, I went for one last walk through the store yesterday. I think the saddest sight was the empty candy counter. It was one of my favorite stops when I practically lived in Famous-Barr as a child. And I made sure that my children always got some sort of treat whenever they accompanied my wife and I at Macy's.beer city wrote:will miss the candy counter - and the fact that I bought like 3 emergency umbrellas there over the past couple of years
Translation: the store is dead meat without governmental financial assistance.roger wyoming II wrote:Here is an article about the downtown Macy's in the evil empire:
http://www.bizjournals.com/cincinnati/n ... l?page=all
"Macy’s chairman and CEO Terry Lundgren said standalone downtown stores are an important part of the company’s overall business strategy. He said the key to choosing which downtown stores will be successful is whether cities have “encouraging reasons for young people to move and live downtown.”
Lundgren said young people are crucial because they go out at night to shop and participate in a variety of activities and they need to buy apparel for those occasions...."
Yep, and yep. There's no future for these stores with the exception of the busiest downtowns and business districts, like the New York flagship, Chicago, San Francisco, and Boston. Macy's in downtown Los Angeles is getting an overhaul and expansion as part of the remaking of Macy's Plaza. Also, downtown Miami is supposed to get a new Macy's and Bloomingdale's at Miami Worldcenter, near American Airlines Arena. The Macy's in the former Burdine's flagship is really tired and situated away from newer developments. Beyond that, local governments better be prepared for fork over $ to buy some time, but I think most downtown stores outside of the cities I mentioned are on borrowed time anyway.dweebe wrote: Translation: the store is dead meat without governmental financial assistance.
Additional translation: Federated's HQ will be moved somewhere else within a decade.
