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Old 07-24-2017, 01:45 PM
 
Location: Cincinnati (Pleasant Ridge)
610 posts, read 789,257 times
Reputation: 529

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Quote:
Originally Posted by PerryMason614 View Post
Tell that to the several hundred landlords in Canada who got stiffed when Target Canada filed bankruptcy. That's right, Target Canada filed bankruptcy and Target Corporation essentially packed up and left at night. They probably wouldn't do that in America, but then again who ever thought that Sears would be liquidating?

With regard to the statistics above, in what reality is a place that is number 3 in property crimes a desirable place to live and do business? You are also conveniently forgetting that they only track reported crimes. A lot of people don't bother to report property crimes because they know the police don't have the manpower to actually do anything about them.

P.S. do you know what this is? This is the 10-year old Eastland Mall store in Columbus that Macy's just closed. They also did that in Pittsburgh and apparently are going to be doing that in downtown Cincinnati as well. Big companies don't always make good real estate decisions.
I'm guessing Target Canada wasn't selling Poutine in the Target café or if they were the cheese curds didn't squeak.

The city is subdived into 5 Police districts. D2 which is basically tied with D5 right now and D5 includes Hyde Park, Mount Lookout and Columbia-Tusculum. But I guess you think those are terrible places to live and do business in or more likely you're not very familiar with Cincinnati since you live in suburban Columbus. Which goes back to the idea that Clifton Heights biz district is dangerous...the only people who think that are completely out of touch with current reality there.

Macys brick-and-mortar struggles are well known and I've never been to a mall in Columbus so I don't know what that is. Thanks though!
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Old 07-25-2017, 05:46 AM
 
Location: Cincinnati (Norwood)
3,530 posts, read 4,994,294 times
Reputation: 1929
Quote:
Originally Posted by Wilson513 View Post
They won't make money. Everything expensive they sell where they could bring up margins is going to be cheaper at Walmart and Amazon home delivery. So they are just a big bodega without the money makers like pot smoking supplies and cheapo liquor products and knock off snacks.

But, its all about introducing those college students to Target.
Rather than think that Target haphazardly opened Cincinnat's biggest bodega, let's thank them for ingeniously mixing and matching suburbia with urbanity in just the right location. As you insinuated above - this new small-format Target store will become a neat place for college kids to spend their Daddy & Mommy's money today and an ideal setting to train them where best to drop their own dollars tomorrow, once they become wage earners living either suburban or urban lifestyles.
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Old 07-25-2017, 07:15 AM
 
Location: Cincinnati (Norwood)
3,530 posts, read 4,994,294 times
Reputation: 1929
Quote:
Originally Posted by cincydave8 View Post
Macys brick-and-mortar struggles are well known and I've never been to a mall in Columbus so I don't know what that is.
Some people want to talk about Fords, others want to talk about Chevys; some people want to brag about their frequent-flier points, others want to boast about their car's gas mileage; and some people want to discuss USL soccer, while others wish to dwell on AAA baseball. Likewise, the repeated focus on Macy's demise has entered this conversation regarding Target's expansion.

I think it would be a good idea for those interested in struggling retailers to initiate a thread on the Columbus forum specifically addressing the significant problems stores are experiencing in that city.
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Old 07-25-2017, 03:34 PM
 
10,135 posts, read 27,356,547 times
Reputation: 8398
Macy's stock was on a perfect multi-year climb without a dip or a slip.

Then on July 15, 2015 the CEO, in a fit of bravado, kicked Trump's products out of every Macy's store with a yuge announcement and the support of his Hollywood pals. They had a cocktail party to celebrate his courage.

On that day, the stock was selling for $72 per share. It has dropped without a break since. And, Macy's has issued a dozen explanations other than Terry Lundgren's stupid mistake for its fall which is today at $22 or about 30% of the price on the day when 50% of its customers were insulted.

One can talk this thing to death, but that is the reason.
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Old 07-25-2017, 03:50 PM
 
4,823 posts, read 4,906,131 times
Reputation: 2162
Quote:
Originally Posted by Wilson513 View Post
Macy's stock was on a perfect multi-year climb without a dip or a slip.

Then on July 15, 2015 the CEO, in a fit of bravado, kicked Trump's products out of every Macy's store with a yuge announcement and the support of his Hollywood pals. They had a cocktail party to celebrate his courage.

On that day, the stock was selling for $72 per share. It has dropped without a break since. And, Macy's has issued a dozen explanations other than Terry Lundgren's stupid mistake for its fall which is today at $22 or about 30% of the price on the day when 50% of its customers were insulted.

One can talk this thing to death, but that is the reason.
Mixing politics and retail is not a good thing.
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Old 07-25-2017, 06:24 PM
 
10,135 posts, read 27,356,547 times
Reputation: 8398
Quote:
Originally Posted by Kamms View Post
Mixing politics and retail is not a good thing.

Agreed. Very few businesses have been successful over a long period by mixing these two concepts up. Ben and Jerry's comes to mind. But mostly it results in either failure or retreat. Macy's has chosen denial and failure. They have reduced their capitalization by something around 20 billion which has compounded their sorrows. One thing has lead to another and now they are headed for the toilet.
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Old 07-27-2017, 05:03 AM
 
Location: Cincinnati (Norwood)
3,530 posts, read 4,994,294 times
Reputation: 1929
Quote:
Originally Posted by Wilson513 View Post
Agreed. Very few businesses have been successful over a long period by mixing these two concepts up. Ben and Jerry's comes to mind. But mostly it results in either failure or retreat. Macy's has chosen denial and failure. They have reduced their capitalization by something around 20 billion which has compounded their sorrows. One thing has lead to another and now they are headed for the toilet.
I'm afraid the experts don't agree with you...
* https://www.bizjournals.com/cincinna...n-hunters.html
* https://www.bizjournals.com/cincinna...nvestment.html
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Old 07-27-2017, 06:05 AM
 
Location: Cincinnati (Norwood)
3,530 posts, read 4,994,294 times
Reputation: 1929
Quote:
Originally Posted by Wilson513 View Post
University stores, especially in bad neighborhoods like the Target store, suffer from ghetto discounts, meaning shoplifting. No one can make money selling groceries when a pack of shoplifted batteries wipes out the profit from an entire cart of food. This is an experiment that has been conducted over and over and over. Target will not change it even if they put armed guards and metal detectors at the door...
So, are you saying that Target either has not evaluated this liability before building this store or that they did so and built the store anyway, knowing full well that it would be destined to fail? Don't you think we can trust that Target's decision to open in CUF was more than some slapdash project wherein some corporate management officers jumped up in the wee hours and exclaimed: "Let's do something different today! Let's open a store in a ghetto neighborhood and see how much we can get stolen!"

Last edited by motorman; 07-27-2017 at 06:28 AM..
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Old 07-27-2017, 06:28 AM
 
2,886 posts, read 4,950,659 times
Reputation: 1508
Quote:
Originally Posted by motorman View Post
So, are you saying that Target either has not evaluated this liability before building this store or that they did so and built the store anyway, knowing full well that it would be destined to fail? Don't you think we can trust that Target's decision to open in CUF was more than some fly-by-night project wherein some corporate management officers jumped up in the middle of the night and exclaimed: "Let's do something different today! Let's open a store in a ghetto neighborhood and see how much we can get stolen!"
Interesting discussion. Based on experience from one of my prior jobs, corporations like Target certainly do plenty of demographic and market research in these kinds of situations. But two negative factors can come into play: research firms they hire can sometimes skew their results to be in line with what the people who hire them want to hear; and sometimes they simply make a mistake or miscalculate.

It's wrong to assume these corporations always get it right, especially with these types of innovative ideas. That said, I personally hope the store succeeds. I think it's much more a positive than a negative for the neighborhood.
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Old 07-27-2017, 06:32 AM
 
2,886 posts, read 4,950,659 times
Reputation: 1508
Quote:
Originally Posted by motorman View Post
I think you're both wrong. It should be obvious to anyone who's been paying attention that the overwhelming evidence for Macy's health going foward is not in line with the opinions in these articles. And I very much doubt that the overwhelming reason for that has much to do with politics. It has everything to do with larger societal trends and Macy's inability or willful failure to change with them. It's the classic cycle of retail, where ideas are born, grow to adulthood, grow old, and die. Nothing more.
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