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Old 01-11-2020, 04:14 AM
 
Location: Los Angeles
5,864 posts, read 15,247,925 times
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Quote:
Originally Posted by sav858 View Post
Can Bloomingdales not afford to open more stores though? They're owned by a much larger company than Nordstroms.
Larger yes but closing 120 stores since 2015 is not necessarily a successful company looking to open new stores.
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Old 01-11-2020, 04:20 AM
 
Location: Los Angeles
5,864 posts, read 15,247,925 times
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Quote:
Originally Posted by cpomp View Post
Hmm, per my friend at Nordstrom (outside of the Manhattan stores) - He said Michigan Ave, Northpark Dallas, Tysons, VA, King of Prussia, PA and Christiana DE were among the top performing stores from a gross sales standpoint.
I can tell you now that Christiana Mall is nowhere near the top 10.
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Old 01-11-2020, 05:26 AM
 
Location: Germantown, Philadelphia
14,186 posts, read 9,080,000 times
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Quote:
Originally Posted by pwright1 View Post
Larger yes but closing 120 stores since 2015 is not necessarily a successful company looking to open new stores.
Nordstrom may be the only traditional upscale department store operator that's not struggling in some way.

Macy's Inc. (Bloomingdale's parent) may not be in as bad a shape as zombie Sears Holdings, but as you said, it keeps closing stores.

Neiman Marcus Group, I hear, is flirting with bankruptcy.

And Lord & Taylor parent Hudson's Bay Company is not doing well now either.

I'm not sure who owns Saks right now; I'm pretty sure the Alabama-based department store chain that took Saks' name after buying it no longer does.

It seems that the chains that are doing okay aim at the broad middle - Dillard's, Belk, Von Maur.
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Old 01-11-2020, 05:49 AM
 
Location: Nashville, TN
9,685 posts, read 9,406,200 times
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Quote:
Originally Posted by MarketStEl View Post
Nordstrom may be the only traditional upscale department store operator that's not struggling in some way.

Macy's Inc. (Bloomingdale's parent) may not be in as bad a shape as zombie Sears Holdings, but as you said, it keeps closing stores.

Neiman Marcus Group, I hear, is flirting with bankruptcy.

And Lord & Taylor parent Hudson's Bay Company is not doing well now either.

I'm not sure who owns Saks right now; I'm pretty sure the Alabama-based department store chain that took Saks' name after buying it no longer does.

It seems that the chains that are doing okay aim at the broad middle - Dillard's, Belk, Von Maur.
Yeah, I was surprised to hear Dillards is doing ok. They have not changed their business model, but have upgraded many of their stores with more brands. You won't find self checkouts or food and homegoods mixed within the clothing aisles. They still use pressure sales tactics, which will run away young people. However, where I live, Dillards is more upscale than Macy's. They have differentiated themselves by appealing to an older, more traditional crowd. Belk is about the same as J.C. Penney and just above Kohls. We don't have Von Maur yet, but I like their stores. Von Maur is on the higher end of middle department stores.
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Old 01-11-2020, 08:19 AM
 
2,029 posts, read 2,363,210 times
Reputation: 4702
Quote:
Originally Posted by marothisu View Post
I'm not sure if this has been talked about yet, but I'm going to bring it up. What about legitimately luxury cars that go up to super car?

The area that comes immediately to mind is downtown Chicago. There are multiple hyper luxury car showrooms right downtown where you can buy everything. No parking lots or anything like that. In all honesty, Gold Coast in Chicago is the one place in the US that at times I've seen the most super cars driving around. It's not unusual to see 5 Lamborghinis and Ferraris at certain times of the year (i.e. when it's nice out especially) parked right next to each other outside of some restaurants in the neighborhood and tons of other very expensive ($200K+) cars driving through all the time.

Just to give an idea of what I'm talking about:

https://www.youtube.com/watch?v=5BaeVE0FvmM

Anyway..
1) Lamborghini, Bugatti, Ferrari, Rolls Royce, Bentley, and Maserati dealership a block from Michigan Avenue. They have actually sold multiple $1.4M - $2.1M Bugatti Veyron here (
https://www.youtube.com/watch?v=wqL3iwG7_YQ&t=22s). I've actually seen a few of them driving around before in the area:

https://www.google.com/maps/@41.8979...7i16384!8i8192

2) Aston Martin dealership. This is also just a few blocks away from Michigan Avenue
https://www.google.com/maps/place/10...!4d-87.6316657

3) Authorized Lotus dealership which also sells some other high end cars. Also a few blocks from Michigan Avenue

https://www.google.com/maps/@41.8948...7i16384!8i8192

4) McLaren showroom - not right next to Michigan Avenue but still downtown, close to West Loop area:
https://www.google.com/maps/place/64...1!4d-87.644484

There's also a Tesla showroom a block from Michigan Avenue (https://www.google.com/maps/place/90...!4d-87.6266409)


I'm curious what other shopping districts in the US have showrooms for cars of this caliber.
I remember going to a training in the Gold Coast on about the 5th floor overlooking a street. I was with people from all over the country. Some of the attendees who were taking breaks looked out of the windows down to the street and gawked at all the luxury cars. One guy from San Bernadino said he had never seen so many super luxury cars in his lifetime, forget in one spot. We went to lunch together so he could check them out.

Maybe because real estate is more reasonable but incomes are high Chicago has alot of luxury cars. The car wash by my house could be the auto show on a Saturday-because I am so frugal I am like the starving child looking through the bakery window at these things.Then I get into my Toyota SUV kidmobile and return to reality.
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Old 01-11-2020, 09:31 AM
 
Location: Upper West Side, Manhattan, NYC
15,323 posts, read 23,937,691 times
Reputation: 7420
Quote:
Originally Posted by Justabystander View Post
I remember going to a training in the Gold Coast on about the 5th floor overlooking a street. I was with people from all over the country. Some of the attendees who were taking breaks looked out of the windows down to the street and gawked at all the luxury cars. One guy from San Bernadino said he had never seen so many super luxury cars in his lifetime, forget in one spot. We went to lunch together so he could check them out.

Maybe because real estate is more reasonable but incomes are high Chicago has alot of luxury cars. The car wash by my house could be the auto show on a Saturday-because I am so frugal I am like the starving child looking through the bakery window at these things.Then I get into my Toyota SUV kidmobile and return to reality.
Yeah, it's pretty insane. It's actually one aspect of it I miss from living in that neighborhood. You see way less of these types cars in Manhattan (although in some areas in Brooklyn you might see some more), which is not what people would probably think. A lot of things in Chicago are big and over the top, and the people with money who hang out in that area are no exception. One time I saw a Bugatti Veyron sport edition, $2.1M, parked in front of a restaurant like it was no big deal. When we were back visiting this summer, I saw 4 Ferraris parked backed to back infront of a restaurant with a Lamborghini next to it. The triangle area of Chicago is very "Hollywood-esque" (stereotype) in that there's a ton of super expensive cars always rolling through with celebrities and professional sports players hanging out in an area that has a handful of big sidewalk patios with the plaza in the middle which makes for an amazing atmosphere for this type of thing. When I lived in Chicago, I ran into celebrities in that area all the time and wasn't uncommon to see a random one dining on one of the sidewalk patios. My friend from Paris was always over the moon about that area and would call it the greatest small area of any city he's been to in America for this type of thing. Again, it's not what people think would be in Chicago until they actually visit the area on a hopping weekend day/night in the summer.
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Old 01-11-2020, 10:41 AM
 
4,087 posts, read 3,246,629 times
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Quote:
Originally Posted by marothisu View Post
Yeah, it's pretty insane. It's actually one aspect of it I miss from living in that neighborhood. You see way less of these types cars in Manhattan (although in some areas in Brooklyn you might see some more), which is not what people would probably think. A lot of things in Chicago are big and over the top, and the people with money who hang out in that area are no exception. One time I saw a Bugatti Veyron sport edition, $2.1M, parked in front of a restaurant like it was no big deal. When we were back visiting this summer, I saw 4 Ferraris parked backed to back infront of a restaurant with a Lamborghini next to it. The triangle area of Chicago is very "Hollywood-esque" (stereotype) in that there's a ton of super expensive cars always rolling through with celebrities and professional sports players hanging out in an area that has a handful of big sidewalk patios with the plaza in the middle which makes for an amazing atmosphere for this type of thing. When I lived in Chicago, I ran into celebrities in that area all the time and wasn't uncommon to see a random one dining on one of the sidewalk patios. My friend from Paris was always over the moon about that area and would call it the greatest small area of any city he's been to in America for this type of thing. Again, it's not what people think would be in Chicago until they actually visit the area on a hopping weekend day/night in the summer.
I think you mean the area some call the Viagra Triangle.

For those not familiar its only a bloke or so from N Michigan Ave. The high end-boutique stores of Oak and Rust street it is by and on.

It is part of the Gold Cast neighborhood. But still on the edge of Chicago's official CBD boundaries ..... it defines on the city portal website.

Street-view captures it you can view.

A couple from street-view here.

https://www.google.com/maps/@41.9015...7i13312!8i6656

https://www.google.com/maps/@41.9015...7i13312!8i6656

https://www.google.com/maps/@41.9019...7i13312!8i6656

South on Rush St a Versace returned to Chicago in 2016 and a Dior follows. Hermes store on the left end of the block here. I'm not sure why Versace left their Oak St location in Chicago in the past. Finally returning in 2016 with a new store here. Prada and others on the street too. No not its largest as sized store..... but that seems relevant to some posters..... the highest end car dealerships in the area too. This again is still part of Chicago's CBD and therefore Downtown. I believe I read Gucci might move from N Michigan Ave its far north to this area?

https://www.google.com/maps/@41.9001...7i16384!8i8192

Again, North Michigan Ave is only a block east. I've seen the sure pricey cars parked Aldo for myself on visits and even captured on YouTube blogs on tourist trips to the city.
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Old 01-11-2020, 12:09 PM
 
Location: SF Bay Area
18,982 posts, read 32,668,735 times
Reputation: 13635
Quote:
Originally Posted by pwright1 View Post
Larger yes but closing 120 stores since 2015 is not necessarily a successful company looking to open new stores.
And what about before that? When Macy’s/Federated Department Stores was doing much better they still didn’t plop down a Bloomingdales to the extent Nordstrom’s did. They definitely were more selective in their market choices. Probably why they’ve closed far fewer stores than Nordtstroms too.
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Old 01-11-2020, 12:26 PM
 
886 posts, read 625,989 times
Reputation: 1827
Quote:
Originally Posted by MarketStEl View Post
Nordstrom may be the only traditional upscale department store operator that's not struggling in some way.

Macy's Inc. (Bloomingdale's parent) may not be in as bad a shape as zombie Sears Holdings, but as you said, it keeps closing stores.

Neiman Marcus Group, I hear, is flirting with bankruptcy.

And Lord & Taylor parent Hudson's Bay Company is not doing well now either.

I'm not sure who owns Saks right now; I'm pretty sure the Alabama-based department store chain that took Saks' name after buying it no longer does.

It seems that the chains that are doing okay aim at the broad middle - Dillard's, Belk, Von Maur.

As of last summer, Lord & Taylor has a new owner. The company is named Le Tote, Inc.


Hudson's Bay Co. owned both Saks Fifth Avenue and Lord & Taylor until the sale of L&T. HBC has retained ownership of Saks.
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Old 01-11-2020, 02:29 PM
 
Location: East Coast
1,013 posts, read 913,400 times
Reputation: 1420
Quote:
Originally Posted by marothisu View Post
Yeah, it's pretty insane. It's actually one aspect of it I miss from living in that neighborhood. You see way less of these types cars in Manhattan (although in some areas in Brooklyn you might see some more), which is not what people would probably think. A lot of things in Chicago are big and over the top, and the people with money who hang out in that area are no exception. One time I saw a Bugatti Veyron sport edition, $2.1M, parked in front of a restaurant like it was no big deal. When we were back visiting this summer, I saw 4 Ferraris parked backed to back infront of a restaurant with a Lamborghini next to it. The triangle area of Chicago is very "Hollywood-esque" (stereotype) in that there's a ton of super expensive cars always rolling through with celebrities and professional sports players hanging out in an area that has a handful of big sidewalk patios with the plaza in the middle which makes for an amazing atmosphere for this type of thing. When I lived in Chicago, I ran into celebrities in that area all the time and wasn't uncommon to see a random one dining on one of the sidewalk patios. My friend from Paris was always over the moon about that area and would call it the greatest small area of any city he's been to in America for this type of thing. Again, it's not what people think would be in Chicago until they actually visit the area on a hopping weekend day/night in the summer.
Impressive, not many including me would have though this...I see super expensive cars in NY too but it’s about a million times easier to drive and park in Chicago than NYC or any larger US city.
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