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micky micky is offline
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Default O.T. Reason(s) for all the store closures

On Sat, 6 May 2017 19:40:18 -0400, Frank "frank wrote:

On 5/6/2017 3:24 PM, Tekkie? wrote:
On 5-May-2017, Ed Pawlowski wrote:

I'm sure some people studied it more than me, but here goes.

You lose the store jobs but gain some warehouse/order picker jobs. when
you ship rather than go to a store. You also gain some jobs in the
delivery system, US, Fedex, USPS.

Shoplifting in retail stores is very expensive and it is cheaper to
control employee theft.

Malls don't have the social attraction they once had. It is no longer
something to do on a Saturday. Society evolves and this is part of it.


I agree with your analysis. I will also add that the selection is limited
and service is unknown. I haven't been in a mall for at least 30 years and
don't miss them.


A mall jeweler once told me his rent in the mall was $100/sq.ft. and
that was years ago. That seems high but maybe because his store was
small as average in 2014 was $45 the

http://www.pattersonwoods.com/main/news-details/9

Rental space cost half as much in outlying stores.


My highschool economics teacher said "there is no such thing as a
low-rent district". I've had my eyes peeled for more on the subject
ever since then. He didn't say anything else stupid or hard to
believe, so I think there is merit in what he waid. AI think I know
what he meant. There was a car dealer 10 miles from edge of town who
advertised a lot saying , "Go west to [I forget the town's name].
It's not very far but you'll save a lot", and he was saying, I think,
that even if the rent was low when he got there, if people are willing
to drive there, the rent will go up. But a) not until the end of the
lease, and b) I still don't see how it could go up as much as it was
in town, and c) if he was referring to the cost of shopping there, he
could include everyone's gas and time to get there, but he
specifically said no low-rent.