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Thread: Sears getting closer to the end

  1. #101
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    Quote Originally Posted by etownboarder View Post
    That leaves some big vacancies at some of the local malls. I wonder what they have planned for those spaces. Sears has a lot of real estate sq. feet in the big three malls being WEM, Kingsway and Southgate. Any thoughts?
    I can see Nordstrom grabbing the Southgate location.
    The other two are harder sells, just based on the slow turnaround of their Target spaces.
    “You have to dream big. If we want to be a little city, we dream small. If we want to be a big city, we dream big, and this is a big idea.” - Mayor Stephen Mandel, 02/22/2012

  2. #102
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    Quote Originally Posted by Medwards View Post
    Bay Southgate is always busy. Same with any of their flagship stores. Their flagship stores have the best stock. The other non-flagship stores aren't doing so well.

    I agree. My wife drags me into HB at Southgate and WestEd and they always seem busy to me, especially SG.

  3. #103
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    Quote Originally Posted by Sonic Death Monkey View Post
    Quote Originally Posted by etownboarder View Post
    That leaves some big vacancies at some of the local malls. I wonder what they have planned for those spaces. Sears has a lot of real estate sq. feet in the big three malls being WEM, Kingsway and Southgate. Any thoughts?
    I can see Nordstrom grabbing the Southgate location.
    The other two are harder sells, just based on the slow turnaround of their Target spaces.
    Anyone know how Nordstrom is doing at Chinook? Maybe the economy is too slow in AB right now for them to take a another big chance here. ?

  4. #104
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    Bay flagships have also recently added UK retail fashion biggie Top Shop and Top Man departments. Keeping the game fresh, I guess.
    Nisi Dominus Frustra

  5. #105

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    Quote Originally Posted by Drumbones View Post
    Quote Originally Posted by Sonic Death Monkey View Post
    Quote Originally Posted by etownboarder View Post
    That leaves some big vacancies at some of the local malls. I wonder what they have planned for those spaces. Sears has a lot of real estate sq. feet in the big three malls being WEM, Kingsway and Southgate. Any thoughts?
    I can see Nordstrom grabbing the Southgate location.
    The other two are harder sells, just based on the slow turnaround of their Target spaces.
    Anyone know how Nordstrom is doing at Chinook? Maybe the economy is too slow in AB right now for them to take a another big chance here. ?
    Just like the 70s and early 80s, high-end arrives here to maximize profits and just like the late 89s and early 1990s, they depart when they feel that they’ve strip mined all they can. They refuse to cut prices and margins because that’s integral to their brand image. (That’s why I’ve heard that Porsche never discounts.)


    Good luck finding luxury brands like Louis Vuitton, Hermès or even Tesla on sale - MarketWatch

    http://www.marketwatch.com/story/goo...ale-2016-12-28
    Last edited by KC; 15-10-2017 at 12:24 PM.

  6. #106
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    Quote Originally Posted by Sonic Death Monkey View Post
    Quote Originally Posted by etownboarder View Post
    That leaves some big vacancies at some of the local malls. I wonder what they have planned for those spaces. Sears has a lot of real estate sq. feet in the big three malls being WEM, Kingsway and Southgate. Any thoughts?
    I can see Nordstrom grabbing the Southgate location.
    The other two are harder sells, just based on the slow turnaround of their Target spaces.
    Target space at Kingsway should reopen any day now with HomeSense, Marshall’s and a handful of smaller scale stores.

  7. #107
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    I'll have to check that out. Maybe they can do a similar thing with Sears spaces around town.

  8. #108
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    Quote Originally Posted by etownboarder View Post
    Quote Originally Posted by Sonic Death Monkey View Post
    Quote Originally Posted by etownboarder View Post
    That leaves some big vacancies at some of the local malls. I wonder what they have planned for those spaces. Sears has a lot of real estate sq. feet in the big three malls being WEM, Kingsway and Southgate. Any thoughts?
    I can see Nordstrom grabbing the Southgate location.
    The other two are harder sells, just based on the slow turnaround of their Target spaces.
    Target space at Kingsway should reopen any day now with HomeSense, Marshall’s and a handful of smaller scale stores.
    True, but we didn't see another department store (Nordstrom, Saks, Simons) take it.
    Same deal with WEM's Target space.
    So that begs the question, is it something specifically with the Target spaces themselves or are they just avoiding Kingsway and WEM Phase I?
    “You have to dream big. If we want to be a little city, we dream small. If we want to be a big city, we dream big, and this is a big idea.” - Mayor Stephen Mandel, 02/22/2012

  9. #109
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    On the other hand, breaking up the vacating Sears spaces may be the best option at most malls

    Landlords Strategize to Fill Vacated Anchor Retail Spaces
    http://ow.ly/IWNc30fTsPA
    “You have to dream big. If we want to be a little city, we dream small. If we want to be a big city, we dream big, and this is a big idea.” - Mayor Stephen Mandel, 02/22/2012

  10. #110
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    Quote Originally Posted by Drumbones View Post
    Quote Originally Posted by Sonic Death Monkey View Post
    Quote Originally Posted by etownboarder View Post
    That leaves some big vacancies at some of the local malls. I wonder what they have planned for those spaces. Sears has a lot of real estate sq. feet in the big three malls being WEM, Kingsway and Southgate. Any thoughts?
    I can see Nordstrom grabbing the Southgate location.
    The other two are harder sells, just based on the slow turnaround of their Target spaces.
    Anyone know how Nordstrom is doing at Chinook? Maybe the economy is too slow in AB right now for them to take a another big chance here. ?
    Don't know about Chinook....but the Trophy's favorite Nordstroms is at Fashion Square Mall in Scottsdale - there 2 weeks ago. It seemed that there were 3 employees for every shopper.

  11. #111
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    I checked out the Chinook Mall Nordstrom for the first time earlier this summer. For an early Friday afternoon, it had a good flow of people but not busy while their Bazille restaurant was packed with a late lunch crowd. A better time to judge is the weekend.
    “You have to dream big. If we want to be a little city, we dream small. If we want to be a big city, we dream big, and this is a big idea.” - Mayor Stephen Mandel, 02/22/2012

  12. #112

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    Well look at this...Bay is starting to sell their real estate to service their debt.

    HBC raising $1.7B in Manhattan property sale and share financing

    It begins. But they have a lot more real estate to chew through before they end up like Sears Canada.

  13. #113

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    ^I guess I'd better go use up a Bay gift card I was given, before its worthless...

    That looks like a classic sale / leaseback deal though, just to make the balance sheet a bit stronger.

  14. #114

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    The Bay also has eBay to prop it up even though it may be separated financially from the retail stores.
    Gone............................and very quickly forgotten may I add.

  15. #115

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    Quote Originally Posted by Gemini View Post
    The Bay also has eBay to prop it up even though it may be separated financially from the retail stores.
    Wait, you think eBay & Hudson's Bay are affiliated?

    Comedy gold.
    Giving less of a damn than ever… Can't laugh at the ignorant if you ignore them!

  16. #116

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    Quote Originally Posted by B.ike View Post
    Well look at this...Bay is starting to sell their real estate to service their debt.

    HBC raising $1.7B in Manhattan property sale and share financing

    It begins. But they have a lot more real estate to chew through before they end up like Sears Canada.
    I don't think it generally a good sign when they start selling of the family jewels. I can easily see it becoming like Sears, greedy shareholders with a short term view want as much cash as possible from the cash cow, taking most the proceeds from the sale as dividends and not reinvesting enough in the business.

    Eventually the cash cow gets bled dry, but by then the shareholders have probably sold their shares and moved on to some other victim, either that or they have received enough dividends to cover their losses.

  17. #117

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    Quote Originally Posted by noodle View Post
    Quote Originally Posted by Gemini View Post
    The Bay also has eBay to prop it up even though it may be separated financially from the retail stores.
    Wait, you think eBay & Hudson's Bay are affiliated?

    Comedy gold.
    Jeez well, I think I only mentioned that because 2-3 years ago you once stated that in one of your posts. Remember it very well.
    Gone............................and very quickly forgotten may I add.

  18. #118

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    Quote Originally Posted by Gemini View Post
    Jeez well, I think I only mentioned that because 2-3 years ago you once stated that in one of your posts. Remember it very well.
    Mhmm. Nice attempt at the deflect Gem.

    I've said a lot of inane stuff, but at no point have I ever thought that the HBC is in any way affiliated with eBay.
    Giving less of a damn than ever… Can't laugh at the ignorant if you ignore them!

  19. #119
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    That would be quite the blind spot, if that wasn't some sort of odd joke.

  20. #120
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    Sears Canada's Wish Book gone with the retail giant, but not forgotten

    https://www.ctvnews.ca/business/sear...tten-1.3727045
    “You have to dream big. If we want to be a little city, we dream small. If we want to be a big city, we dream big, and this is a big idea.” - Mayor Stephen Mandel, 02/22/2012

  21. #121

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    Toys R Us Closing 200 More Stores, Prospects Growing Dim




    Embattled toy and game chain Toys R Us plans to close another 200 stores, prompting many observers to cast doubts on its future viability. This is on top of a previously announced closure of 170 stores in April.


    More critically, the company is in danger of violating the terms of its bankruptcy financing, according to CNBC, by not having enough cash on hand. The store closures are reportedly part of the business plan Toys R Us needs to present to its creditors.


    Toys R Us also had a brutal holiday season, partly due to Amazon and big-box retailers slashing prices, when many other retailers were seeing gains.


    The company filed for Chapter 11 bankruptcy protection in September, faced with $4.9 billion in debt and falling sales, at the time securing $3.1 in debtor-in-possession financing. Toys R Us said then it had 1,600 Toys R Us and Babies R Us stores around the world that were still profitable. Then two weeks later, the company announced it would open an online marketplace in 2018 for both businesses in the U.S. and Canada, the launch of which was delayed last week.
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