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Isn't this what retailers do? Open a new store and close old ones? Experiment with retail strategy?
No, not in that fashion, but they do try to make a profit, they do try to grow where applicable and they do try to avoid failures and losses. Easier said than done. I have been watching business's for many years wondering why they do what they do, why they fail and why they succeed...
Isn't this what retailers do? Open a new store and close old ones? Experiment with retail strategy?
I agree with Poncho.. if you abandon your core, you'd really better know what the heck
you are doing. This sounds like a wild hare, (yes, it's "hare", not "hair"), not a well thought
out program.
Individual locations have always adjusted inventory to match needs. When we lived just
outside of DC, there was a Nordstrom very near us on a Metro stop and its inventory was
more "urban hipster" in content than the one near Dulles that catered to a higher income
crowd.
The one we saw in Naples was a Nordstrom in name only.
Albuquerque will never get an Ikea. They require a population of 2 million within 60 miles to open a store.
Really? There has been in Ikea in Oslo for over 30 years and they have nowhere near that population. Their metro area is less than 1.5 million. Granted that store was probably built before the current business model with its population requirement.
Really? There has been in Ikea in Oslo for over 30 years and they have nowhere near that population. Their metro area is less than 1.5 million. Granted that store was probably built before the current business model with its population requirement.
They started in Sweden. I'd imagine their regional expansion 30 years ago was very different than their international expansion today.
They get constant inquiries about store expansions in the US. And their standard answer is that population is one of the deciding factors. The stores are huge and their business model is built on volume, so they need a large population to support it.
They've also said they don't expect to ship furniture anytime soon. Their reason being it doesn't make sense to sell a bookcase online when the shipping would cost more than the bookcase.
True that, I just don't see how they could fail in Albuquerque. There is nothing between Walmart and high-end furniture in this town.
You are either sitting on polyester covered cardboard if you are poor, or silk covered mahogany if you are rich. OK, that was a bit hyperbolic, but still.
Ikea would be nice. And FRY'S! I love Fry's Electronics. Like Ikea though, All Fry's are HUGE. Even the older themed stores are big. It wouldn't fit anywhere near ABQ uptown, and I don't think the population is large enough to sustain it.
As much as I liked Ikea, I don't think their furniture is top quality. I've had a number of their products break on me. If I want something "mid-range", I might get it from Tema. If I want high end, I'll go to Amish Connection. $$$$
Could Dick's Sporting Goods be an option for the old Macy's?
That would be a "Dicks sporting goods supercenter".
Which would be cool, considering Albuquerque does not even have one.
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