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Perhaps it will be more of an indoor lifestyle center with an assortment of specialty stores, rather than a destination department store. But if a department store is returning to Uptown Charlotte, then I would think it certainly should include a hometown Belk store. And perhaps one other upscale variety such as Saks, Bloomingdale's, or Nordstrom.
I’m sure a Nordstrom is out of the question considering there is one at SouthPark. However, a Bloomingdale’s or even a Saks would be a major draw alone to Uptown.
Top tier malls such as SouthPark are surviving as destination centers. But the middle ground malls that are older and run down are declining. Tenants are leaving. Macy's is closing underperforming stores that resulted from the May-Federated merger. Most regional department stores in many markets were converted to Macy's, such as Hecht's, Rich's, Kauffman's, Lazarus, Burdine's, and Marshall Field. Too many stores became too commonplace and cheapened the brand.
Local popularity was lost and there were too many stores with limited and poorly managed assortments. And online competition has also been a factor. Macy's is now selling the real estate such as Carolina Place which has closed, and focusing on the top level stores such as SouthPark.
But it would be nice to see Macy's Inc. add their upscale Bloomingdale's brand to Charlotte.
Sorry, not really understanding your point. "Brick and mortar retail is shrinking everywhere" is not equivalent to the issues of older malls and regional department stores. There is much more to retail than old malls and department stores.
Sorry, not really understanding your point. "Brick and mortar retail is shrinking everywhere" is not equivalent to the issues of older malls and regional department stores. There is much more to retail than old malls and department stores.
Major dept. stores Macy's, JCPenney, and Sears are currently closing underperforming stores, and as a result many mid tier malls are declining. And retailers such as Radioshack and HHGregg are also closing. This is where brick and mortar retail is currently impacted, partially due to competition from online retailers such as Amazon. Many major retailers are currently closing stores.
In Macy's case, too many stores were poorly managed after the Federated/May merger, and local markets were oversaturated with too many stores with limited selections. They will now focus on stronger stores in top tier malls and improve inventory. And some stores are adding a Backstage discount concept to compete with Ross and T.J. Max.
Major dept. stores Macy's, JCPenney, and Sears are currently closing underperforming stores, and as a result many mid tier malls are declining. And retailers such as Radioshack and HHGregg are also closing. This is where brick and mortar retail is currently impacted, partially due to competition from online retailers such as Amazon. Many major retailers are currently closing stores.
In Macy's case, too many stores were poorly managed after the Federated/May merger, and local markets were oversaturated with too many stores with limited selections. They will now focus on stronger stores in top tier malls and improve inventory. And some stores are adding a Backstage discount concept to compete with Ross and T.J. Max.
I'm aware of all that, thanks. Not sure why you keep responding to my posts.
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