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I see brand loyalty more prevalent then high-end department-store loyalty. Store loyalty when given choices in a city of a few like Nieman, Saks, Bloomies and may as well still add Macy's. Is more a OVER 40 crowd. Store loyalty was what many did in the past much more.
There is less exclusiveness for these department stores today and some owned by the same parent company anyway. You may have a brand,name stamped on it and of course designer loyalty. Still if you know it is in multiple stores? Do you really care which one today?
The more they all get the same and same items ..... the less story loyalty is reverlent. Few will visit a Big city downtown with these stores intact or Malls..... and their aim is one store as a loyal shopper. Them days are more over then not. Now going back decades..... that was common. You were this type store person and it was your choice waaay over the rest. These old rivalries are over for the loyal shopper for life. How many will survive though this new decade even..... sadly everyone is at risk. We know the old Lord and Taylor is moot. It was a very Loyal-for-Life type of store for many once.
I think Dallas has grown enough to support a Saks today. Even with that brand loyalty. The new generation Saks are lit!
Saks could probably do well in the northern mid-cities area like Southlake. Nordstrom has been rumored to open in Southlake, but who knows what the plans are now with them closing some locations. I think Bloomingdales could do well in Dallas in the right location and store size. Central Dallas is saturated with two Neiman Marcus stores, Stanley Korshak (https://youtu.be/0Mcg2aeqAuE) and Forty Five Ten.
Between Neimans, Stanley Korshak and Forty Five Ten... Saks just didn't offer the same customer experience the Dallas bred stores have. Barney's NY struggled with that here too and ultimately failed. People want to have that personal shopper experience. People in Dallas are particularly fickle and will move on if they can find something better.
Cities with all 4 luxury department stores:
-Atlanta
-Boston
-Chicago
-DC
-Honolulu
-LA
-Miami
-NYC
-SF
Cities with 3
-Detroit (missing Bloomingdales)
-Houston (missing Bloomingdales)
-Philly (missing Nordstrom)
-Phoenix (missing Bloomingdales)
-San Antonio (missing Bloomingdales)
-San Diego (missing Saks)
-St Louis (missing Bloomingdales)
-Vegas (missing Bloomingdales)
Cities with 2
-Austin (Neiman Marcus and Nordstrom)
-Charlotte (Neiman Marcus and Nordstrom
-Cincinnati (Saks and Nordstrom)
-Dallas (Neiman Marcus and Nordstrom)
-Denver (Neiman Marcus and Nordstrom)
-Indianapolis (Saks and Nordstrom)
-Raleigh (Saks and Nordstrom)
-Tampa (Neiman Marcus and Nordstrom)
Also:
Cleveland (Nordstrom and Saks at Beachwood Place)
Columbus (OH) (Nordstrom at Easton and Saks at Polaris)
But seriously, Houston is doing much much better than I thought it would in the tally of high end stores.
I don't think before the tally I would put it in the top 10, but it looks like it might be a strong contender.
But 99c only is more my speed.
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