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Old 06-08-2018, 01:36 AM
 
39 posts, read 40,501 times
Reputation: 58

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Quote:
Originally Posted by Hannah5555 View Post
Saw this in the NYC thread. Very sad. The old B Altman building still looks like a ghost town and it's been closed for years.
As a third generation Lord & Taylor shopper this makes me very sad. It's already a smallish chain and they're closing the flagship store...not good.
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Old 06-08-2018, 05:13 AM
 
10,787 posts, read 8,749,363 times
Reputation: 3983
Quote:
Originally Posted by cpomp View Post
This isn't Philadelphia retail news, but Hudson Bay announced the upcoming closure of the Lord & Taylor 5th Ave flagship store. One of the worlds most iconic department stores. A major sign of the changing retail scene.

I could see Lord & Taylor closing all stores within the next few years

https://www.usatoday.com/story/money...nue/672197002/
Yeah, what a shame! The Bala store has been there for a very long time. 50 years maybe.
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Old 06-08-2018, 10:25 AM
 
Location: Philadelphia
1,697 posts, read 969,207 times
Reputation: 1318
I'm sure the ungodly rent was a factor in the flagship closure.

NYC retail vacancies are ticking up at a rapid pace and the rents keep climbing.

It's crazy.
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Old 06-08-2018, 02:07 PM
 
Location: New York City
9,377 posts, read 9,319,932 times
Reputation: 6484
Quote:
Originally Posted by Redddog View Post
I'm sure the ungodly rent was a factor in the flagship closure.

NYC retail vacancies are ticking up at a rapid pace and the rents keep climbing.

It's crazy.
Also Hudson Bay (parent company) is struggling as a whole with its Lord & Taylor and Saks brands. I think both of those department stores are entering hot water territory.

I also agree that the amount of vacancies in certain neighborhoods is rather jarring, and greedy landlords are usually to blame.
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Old 06-14-2018, 10:46 AM
 
192 posts, read 160,713 times
Reputation: 236
Guess closed on Walnut and is being replaced by a high-end boxing gym

Diesel closed on Walnut.

The Shakespeare's Books along Walnut is fully under construction and cruising along. I'd imagine they'll be open for Fall/Holiday shopping season.
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Old 06-14-2018, 08:20 PM
 
377 posts, read 666,876 times
Reputation: 439
Quote:
Originally Posted by PHLondoner View Post
Guess closed on Walnut and is being replaced by a high-end boxing gym

Diesel closed on Walnut.

The Shakespeare's Books along Walnut is fully under construction and cruising along. I'd imagine they'll be open for Fall/Holiday shopping season.
The Shakespeare & Co. Bookstore.. Just for clarification.
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Old 06-16-2018, 04:57 PM
 
Location: New York City
9,377 posts, read 9,319,932 times
Reputation: 6484
Quote:
Originally Posted by PHLondoner View Post
Guess closed on Walnut and is being replaced by a high-end boxing gym

Diesel closed on Walnut.

The Shakespeare's Books along Walnut is fully under construction and cruising along. I'd imagine they'll be open for Fall/Holiday shopping season.
Not many designers/brands left on Walnut St these days.

The Shakespeare & Co is a great place, I have visited the one on Lexington Ave a few times.
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Old 06-16-2018, 10:23 PM
 
10,787 posts, read 8,749,363 times
Reputation: 3983
Quote:
Originally Posted by cpomp View Post
Not many designers/brands left on Walnut St these days.

The Shakespeare & Co is a great place, I have visited the one on Lexington Ave a few times.
The tariffs won't impact retailers immediately but if a bigger "trade war" happens there will be a "trickle down" effect.

Personally I don't buy clothes like I used to so I'm not helping anything.
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Old 06-17-2018, 01:10 PM
 
386 posts, read 265,768 times
Reputation: 401
Quote:
Originally Posted by cpomp View Post
Not many designers/brands left on Walnut St these days.

The Shakespeare & Co is a great place, I have visited the one on Lexington Ave a few times.
Yes, clothing retail is just completely dying everywhere. It’s not really even an indictment of Philadelphia at this point.
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Old 06-17-2018, 06:45 PM
 
Location: New York City
9,377 posts, read 9,319,932 times
Reputation: 6484
Quote:
Originally Posted by mphilly View Post
Yes, clothing retail is just completely dying everywhere. It’s not really even an indictment of Philadelphia at this point.
That is definitely true, but I think the King of Prussia Mall has a lot to do with why Philadelphia only has a handful of clothing designers/brands.
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