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Old 01-03-2019, 07:33 AM
 
Location: New York City
5,097 posts, read 4,700,041 times
Reputation: 2379

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Quote:
Originally Posted by MarketStEl View Post
What "individual"?

Lord & Taylor has been owned by Canada's Hudson's Bay Company (the oldest commercial enterprise in North America, founded in 1670) for about a decade or so.
Vanessa LeFebvre, the new president of operations, ultimately her part with Hudson was the deciding factor for the closure.
And closing the century old flagship store in Manhattan is essentially a nail in the coffin.
L&T might make it as an online retailer, but their brick and mortar days are unfortunately doomed, which is a real shame.

But my prior point was that L&T closing was not a product of Manhattan, but a product of ownership and leadership. The issues Philadelphia has attracting retailers are not the same as Manhattan losing a flagship.

And I did hear about NM, I think they will work their way out, but it does show the line many retailers are flirting with.
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Old 01-08-2019, 02:16 PM
 
129 posts, read 84,130 times
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Quote:
Originally Posted by cpomp View Post
The Polo Ralph Lauren is good and Levi's, but considering its been years of branding and marketing and they were only able to get 10 average/ decent retailers shows either the poor marketing or lack of demand for the new venture.

Either way its a huge aesthetic improvement for the corridor, but hardly a new shopping destination. The movie theater will be the most exciting new addition. If the development team could get a Nike store or another Zara that would be great for foot traffic. Sometimes its not until after the fact when retailers realize they're missing out on opportunity and then join in on the fun.
City Winery will be fantastic too. I think there's still a potential for an Eataly. It's also 9 months away from opening and my guess is there's several retailers in a hover/wait/see mode both with their own internal operations as the retail market continues to be a challenge and externally with who signs onto this project, how it looks, etc.

I also think they missed the mark a bit with their marketing. They wanted a sexy, fashion-based place and I think they should have gone after more life-style brands for center city folks and downtown workers. The Bed/Bath and Beyond, Crate + Barrell, Container Store, Home Goods, style stores. are just totally underserved in CC and would do great in this bigger-box format.
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Old 01-08-2019, 03:46 PM
 
Location: New York City
5,097 posts, read 4,700,041 times
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Quote:
Originally Posted by PHLondoner View Post
City Winery will be fantastic too. I think there's still a potential for an Eataly. It's also 9 months away from opening and my guess is there's several retailers in a hover/wait/see mode both with their own internal operations as the retail market continues to be a challenge and externally with who signs onto this project, how it looks, etc.

I also think they missed the mark a bit with their marketing. They wanted a sexy, fashion-based place and I think they should have gone after more life-style brands for center city folks and downtown workers. The Bed/Bath and Beyond, Crate + Barrell, Container Store, Home Goods, style stores. are just totally underserved in CC and would do great in this bigger-box format.
Agree, I think the original plan was to create a KoP in the city, when that caliber of retail isn't interested in the city, so it put a detour on attracting the type of retail you mentioned which would be fantastic for people in the city. Its still that people have to travel to the burbs to go to BB&B or Home Good or any other home type retailer.
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Old 01-09-2019, 03:41 AM
 
Location: Germantown, Philadelphia
4,042 posts, read 1,968,943 times
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Quote:
Originally Posted by cpomp View Post
Agree, I think the original plan was to create a KoP in the city, when that caliber of retail isn't interested in the city, so it put a detour on attracting the type of retail you mentioned which would be fantastic for people in the city. Its still that people have to travel to the burbs to go to BB&B or Home Good or any other home type retailer.
Actually, a HomeGoods might have fit well with the original vision.

The reborn Gallery was originally to have been called Fashion Outlets of Philadelphia. Macerich was looking to attract the upscale off-price operators like Off 5th or Last Call, plus some boutique stores and entertainment (the theater was part of the project from the get-go).

But they had a hard time finding enough of those stores to make things work, so they shifted gears slightly.
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Old 01-09-2019, 07:41 AM
 
Location: New York City
5,097 posts, read 4,700,041 times
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Quote:
Originally Posted by MarketStEl View Post
Actually, a HomeGoods might have fit well with the original vision.

The reborn Gallery was originally to have been called Fashion Outlets of Philadelphia. Macerich was looking to attract the upscale off-price operators like Off 5th or Last Call, plus some boutique stores and entertainment (the theater was part of the project from the get-go).

But they had a hard time finding enough of those stores to make things work, so they shifted gears slightly.
I thought the original plan was the fashion district, then when that failed, the fashion outlets, then when that failed the East Market plan (or whatever its called now).

I do think stores like Off 5th, Rack, etc. would do very well on that corridor, I would prefer those stores to relocate to Market St and have Crate & BArrel, Pier 1, Restoration Hardware, etc. take the place on of their current spots on Chestnut.
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Old 01-09-2019, 11:02 AM
 
1 posts, read 309 times
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It looks like Zara is leaving Walnut St. hopefully they are going somewhere else- maybe the fashion district?

[url=http://www.mscretail.com/property-listing/1715-17-walnut-street]1715-17 Walnut Street - MSC Retail[/url]

(Apologies, first time posting and I canít figure out the hyperlinking)

Last edited by mdavis202; 01-09-2019 at 11:15 AM..
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Old 01-09-2019, 12:21 PM
 
Location: New York City
5,097 posts, read 4,700,041 times
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Quote:
Originally Posted by mdavis202 View Post
It looks like Zara is leaving Walnut St. hopefully they are going somewhere else- maybe the fashion district?

1715-17 Walnut Street - MSC Retail

(Apologies, first time posting and I canít figure out the hyperlinking)
O wow, hopefully just for a renovation or moving to a new space. That would be a huge blow to Walnut if Zara left. Also a head scratcher.
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Old 01-09-2019, 01:51 PM
 
8,575 posts, read 4,684,081 times
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Quote:
Originally Posted by cpomp View Post
O wow, hopefully just for a renovation or moving to a new space. That would be a huge blow to Walnut if Zara left. Also a head scratcher.
If the gov shutdown doesn't end soon we may "fall" into recession. Retail will be the first thing that will feel it. Hoping and praying I'm wrong!!
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Old 01-09-2019, 08:19 PM
 
82 posts, read 48,448 times
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Quote:
Originally Posted by cpomp View Post
O wow, hopefully just for a renovation or moving to a new space. That would be a huge blow to Walnut if Zara left. Also a head scratcher.
There’s an article from 2015 saying they would be closing for renovations for 8 months, did this ever happen? Maybe this is what’s going on.

https://www.phillymag.com/shoppist/2...ery-long-time/
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Old 01-12-2019, 09:29 AM
 
Location: New York City
5,097 posts, read 4,700,041 times
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https://www.phillymag.com/be-well-ph...-philadelphia/

Giant heirloom opening in Graduate Hospital.
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