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Old 02-12-2009, 07:34 AM
 
3,100 posts, read 3,382,053 times
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I do think the Broadway Mall can survive. The Target and Ikea (only on on LI, right?) will keep it busy. Losing the Gap just means that people aren't buying $50 jeans like they used to.
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Old 02-12-2009, 08:24 AM
 
77 posts, read 108,810 times
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Macy's probably will fold. Thier biggest mistake was when they merged with May department stores and turned all of the dept. stores in the midwest and west into Macy's. Well guess what-they found out that people not on the East Coast don't want a Macys and sales tumbled in those areas, and this was before the recession took a turn for the worst a few months ago. So you have all those Macys in the midwest underperforming anyway, coupled with today's Wal Mart economy, Macy's will probably be one of the first to go. They should have just stayed on the East Coast and they wouldn't be so bad off
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Old 02-12-2009, 10:16 AM
 
Location: Long Island, New York
15,146 posts, read 4,971,575 times
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Macy's is just PART of a big conglameration...Federated Department stores..which owns Macy's, JC penny's, sterns, bloomingdales, etc. all the old mnames are actually now owned by one
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Old 02-12-2009, 10:17 AM
 
Location: Long Island, New York
15,146 posts, read 4,971,575 times
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Quote:
Originally Posted by TVR1997 View Post
It is becoming very hard for the middle of the road malls to compete, especially in an environment like Long Island. Roosevelt Field and Walt Whitman (our two high-end malls) continue to do well. South Shore, Broadway, Sunrise are all struggling as many of those shoppers desire value first and can easily find such items at stores like Target. That is why Taubman wants to build the Mall at Oyster Bay, because the Island still lacks a truly high-end type of mall (well the Americana doesn't count as its basically Madison Ave on Long Island).

No Neiman Marcus on Long Island. One tiny Saks at Walt Whitman. One Nordstrom. While these stores are struggling also due to the weakened economy, these are the types of stores which the LI demographic can and will support. People continue to say we are overmalled, but not really.

Broadway mall will likely survive, but needs to attract a different type of retailer...mini big box stores, maybe some furniture stores ala West Elm. The standard Gap, Aeropostale and Old Navy just isn't going to cut it anymore.

HIGH end will not survive either..a fine example of that would be Fortuneoff
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Old 02-12-2009, 11:27 AM
 
702 posts, read 928,924 times
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Quote:
Originally Posted by TVR1997 View Post
No Neiman Marcus on Long Island. One tiny Saks at Walt Whitman. One Nordstrom. While these stores are struggling also due to the weakened economy, these are the types of stores which the LI demographic can and will support. People continue to say we are overmalled, but not really.
If Neiman Marcus Last Call counts, there's one in Tanger Deer Park.
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Old 02-12-2009, 12:47 PM
 
244 posts, read 384,531 times
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Macy's has attempted to position itself as America's Dept Store...its mid-range and appeals to many buyers. I don't see them folding, but I do think that the fact they did away with regional nameplates has hurt them with customers (especially Marshall Fields in Chicago). There would be a huge void to fill if Macys went out of business. For many people, Macys is still considered a fine place to shop for many(Bloomingdales, Neimans, Nordstrom, Saks are all too limited in scope and strategically located in high-end markets). Service sucks at Macys, but what else is new in retail these days. They will continue to retool post merger and attempt to use their massive size as a brand to convince us all that we should shop there. Will it work? I am unsure.

Fortunoff is struggling for reasons other than being a high-end store, bad management and product assortment being the two primary reasons. Fortunoff carved out quite a niche market for itself but was unable to compete once the Restoration Hardwares and Pottery Barns of the world took over. I firmly believe that the entire Mall at the Source was a terrible move by Fortunoff owners. It brought downmarket retail en masse to the area...Fortunoff is the anchor for the mall and most customers come there for Cheesecake Factory, H&M, Nordstrom Rack. Very few come into Fortunoff. Mall @ the Source needed higher end retail to compliment Fortunoff.
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Old 02-12-2009, 12:50 PM
 
244 posts, read 384,531 times
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Doesn't really count. Different demographic altogether.

It's shocking that in 2009 Long Island does not have a Neiman Marcus..Neiman execs are acutely aware of this and have been trying to break into the market but they realize they need to be surrounded by high-end retail to exist and prosper...which is why they aren't at Roosevelt Field (in addition to space constraints).

Quote:
Originally Posted by RoleModel View Post
If Neiman Marcus Last Call counts, there's one in Tanger Deer Park.
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Old 02-12-2009, 02:22 PM
 
702 posts, read 928,924 times
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Quote:
Originally Posted by TVR1997 View Post
I don't see them folding, but I do think that the fact they did away with regional nameplates has hurt them with customers
My mother's still pissed off that A&S was sacrificed for Macy's.
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Old 02-12-2009, 07:55 PM
Status: "Dump Cuomo!" (set 11 days ago)
 
Location: Westbury,NY
2,388 posts, read 4,080,338 times
Reputation: 842
The Mall at Source will be done for if Fortunoff goes. CC is their other major "anchor" and we all know what's happening with them.
Yes a mistake was made with that mall, it should've been an entirely upscale mall with a Neiman Marcus as the other anchor with a bunch of other upscale stores.
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Old 02-12-2009, 07:58 PM
Status: "Dump Cuomo!" (set 11 days ago)
 
Location: Westbury,NY
2,388 posts, read 4,080,338 times
Reputation: 842
Also McDonald's closed in the food court at The Source. That mall is going down, unfortunately.
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