Retail coming to Philadelphia (Taylor, Bath: travel to, sexy, hear)

[cpomp]

Originally Posted by atseta

Does anyone know what shops are going to be in the new Fashion Outlet opening in 2019 at Market East?

Here is the website with retailers...https://fashiondistrictphiladelphia.com/directory

Overall its a very unimpressive lineup of retailers.

[kyb01]

Originally Posted by cpomp

Here is the website with retailers...https://fashiondistrictphiladelphia.com/directory

Overall its a very unimpressive lineup of retailers.

Well, there hasn't been a Ralph Lauren store in CC in a long time.

In any case the character of East Market is already changing for the better.

And most people aren't making 6 figures like you probably are so those shopping options are not so bad.

[AJNEOA]

Originally Posted by kyb01

Well, there hasn't been a Ralph Lauren store in CC in a long time.

In any case the character of East Market is already changing for the better.

And most people aren't making 6 figures like you probably are so those shopping options are not so bad.

Ralph Lauren closed just under two years ago at the Bellevue:

https://www.phillymag.com/business/2...levue-closing/

[cpomp]

Originally Posted by kyb01

Well, there hasn't been a Ralph Lauren store in CC in a long time.

In any case the character of East Market is already changing for the better.

And most people aren't making 6 figures like you probably are so those shopping options are not so bad.

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.

[MarketStEl]

Originally Posted by cpomp

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 their missing out on opportunity and then join in on the fun.

(emphasis added)

Part of the problem is that chain retailers often don't like to stick their necks out - they won't commit to a location that has yet to prove itself or hasn't attracted their desired demographic.

Market Street East already feels different now with the addition of the National Real Estate Development project in the 1100 block, and not even that's fully leased. You may recall that National had originally landed a high-end furniture store for one space only to have that store back out a month or two after their lease was announced. That space remains empty right now while they did land an off-price retailer for a large second-floor space.

If you build it, they will come - but only after everyone else has gotten there.

[kyb01]

Originally Posted by MarketStEl

(emphasis added)

Part of the problem is that chain retailers often don't like to stick their necks out - they won't commit to a location that has yet to prove itself or hasn't attracted their desired demographic.

Market Street East already feels different now with the addition of the National Real Estate Development project in the 1100 block, and not even that's fully leased. You may recall that National had originally landed a high-end furniture store for one space only to have that store back out a month or two after their lease was announced. That space remains empty right now while they did land an off-price retailer for a large second-floor space.

If you build it, they will come - but only after everyone else has gotten there.

Catch-22 ?

[Duderino]

I personally don't see how the addition of more mid-scale retail at the former Gallery is a bad thing. That's precisely what the city has been missing for quite some time and will definitely be much more of a selling point among the hordes of middle-class tourists and suburbanites that are always milling around that area.

Is it a long-distance destination? Absolutely not. But that was a long-shot goal anyway. Along with the much-needed AMC movie theater and the City Winery (and I suspect at least one other unique anchor tenant), I predict that this will absolutely continue to push Market East in the right direction. My only complaint is the underwhelming exterior revamp. It definitely could and should have been more ambitious, but it's still looking to be 100x better than the previous version.

Besides, if Manhattan can no longer sustain a Lord & Taylor flagship store, then it's pretty obvious that the state of luxury retail is definitely in flux at the moment and certainly isn't a direct reflection on Philly: https://abc7ny.com/business/flagship...osing/5004618/

[cpomp]

Originally Posted by Duderino

I personally don't see how the addition of more mid-scale retail at the former Gallery is a bad thing. That's precisely what the city has been missing for quite some time and will definitely be much more of a selling point among the hordes of middle-class tourists and suburbanites that are always milling around that area.

Is it a long-distance destination? Absolutely not. But that was a long-shot goal anyway. Along with the much-needed AMC movie theater and the City Winery (and I suspect at least one other unique anchor tenant), I predict that this will absolutely continue to push Market East in the right direction. My only complaint is the underwhelming exterior revamp. It definitely could and should have been more ambitious, but it's still looking to be 100x better than the previous version.

Besides, if Manhattan can no longer sustain a Lord & Taylor flagship store, then it's pretty obvious that the state of luxury retail is definitely in flux at the moment and certainly isn't a direct reflection on Philly: https://abc7ny.com/business/flagship...osing/5004618/

That isn't a product of Manhattan, but a result of a failing retailer run by an under-qualified individual.

I love L&T, but they cater to a very small demographic in 2019, the ladies who lunch era is no longer.

Nordstrom, Neiman Marcus and Barneys all expanded in Manhattan in 2018/9, the market is generally healthy. The issue Manhattan has is a bit of over saturation in certain neighborhoods and ridiculous rent that even successful retailers cannot match.

There are several reasons for a lack of retail in Philadelphia.

[MarketStEl]

Originally Posted by cpomp

Nordstrom, Neiman Marcus and Barneys all expanded in Manhattan in 2018/9, the market is generally healthy. The issue Manhattan has is a bit of over saturation in certain neighborhoods and ridiculous rent that even successful retailers cannot match.

I read a story on CNBC yesterday that had N-M on a list of retailers in danger of defaulting on debt payments - and thus at risk of filing Chapter 11.

It probably won't happen, but I would bust a gut walking into a "Needless Markup" store and seeing huge blaring "Everything Must Go!" "60% to 80% Off Everything!" signs all over the place.

[MarketStEl]

Originally Posted by cpomp

That isn't a product of Manhattan, but a result of a failing retailer run by an under-qualified individual.

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.