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General discussion

Store closings

Jan 26, 2010 12:51AM PST

If you live in a decent sized town, sooner or later you know some stores have closed. I refer to national brands like those found malls or shopping strips. In some cases the anchor store closes and that causes a wripple effect and more and more close or move. This in turn cause the "big box store" problem for municipalities to find new buyers or use tax dollars to somehow make better use or provide some dividend to the community.

http://shopping.yahoo.com/articles/yshoppingarticles/334/whos-closing-stores-in-2010/

In the link it seems even more stores are closing due to the economic times. Please notice the numbers that even one national chain has to close. What a waste, IMHO but again what a shame. While some shops/stores were hot commodities it seems, they can only await less patronage as time goes by. -----Willy Happy

Discussion is locked

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Lots of reasons
Jan 26, 2010 1:40AM PST

We're seeing them come and go. The earlier built ones that now have no freeway ramp exit right to the parking lot seem most vulnerable. Our first enclosed mall die and this might have been part of it. Our once thriving downtown "upscale" facility went down when the gangs and other groups of kids used it as a hangout. They didn't buy much and shoppers were naturally intimidated by them. As well, panhandlers at many entrances didn't help...nor did an occasional round of gunfire on the escalators. It's not just anchor stores but smaller stores with the same proprietorship. Limited Brands was big which, at one time, owned 1/2 dozen or more stores in most malls. When they pull out, the place just seems to dry up. Les Wexner & Co. are still around but have concentrated on just a few specialty products. We've had some newer and bigger malls replace some of the older deserted areas. These are mainly suburban edge types with freeway to the doorsteps. An interesting trend I am seeing here is that it enclosed malls seem to be passing in favor of streets of shops whose front doors open right to the outdoor sidewalks. This means braving rain, sleet and snow...just like in the good ol' days. Happy

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It wasn't so recent for some here.
Jan 26, 2010 4:56AM PST

Two major anchoring department stores closed 4-5 years ago. Two big malls went belly-up around the same time. One of them was recently given new life by a large teaching hospital opening clinics there. The other has been considered for "mixed use", but now is being considered for a magnet school in a part of the county that needs one. (That's the one I hope will win.) Now for a bad idea. A developer has been trying to turn the last part of our county into a "new town", with businesses. shopping center, homes, apartments, etc. It is zoned agriculture, and is beatuful land along the river. The Planning Commission voted "No!", but the developers are at it again. Angeline

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Ever hear of a "factory town"?
Jan 26, 2010 4:56AM PST

Problems are similar. So are the solutions. My observation is many box stores are unable to move into areas as successfully where local store owners have maintained reasonable prices and used associations properly to compete. In areas where store owners have had a small town monopoly and charged like it, then large box stores become a blessing to the other citizens there.

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Small businesses charge...
Jan 26, 2010 7:49AM PST

To recoup costs and show a profit just like any other business. What may seem higher priced is the fact more often than not, s/h to their location is extra and usually smaller quantities at a higher per unit cost. Further, they maybe buying from a warehouse that charges more for doing business on small scale or they pass on what they're costs are. They offer what is considered a service to the immediate area and more than likely everything is bundled into the small location. I can't remember all those little stores I've used when going fishing/hunting to drop-in and get something I forgot or plain needed for the moment was offered in those out of the way places. Sure, it costed more, but not much more than what was expected. Of course, if it was too much, I remember the next time and be sure to pack that item in on the repeat trip. It seemed the soda tasted better or maybe they offered a soda I hadn't seen in awhile.

I mentioned all this because the cost doesn't reflect the effort some stores have to charge. Plus, they may not get constant travel all the time and/or is seasonal.

Sometimes, I hate going into a big store or outlet to get something when for several items I have to park, get, wait and then return to main road. It so much simpler with a small shop, provided they have it. -----Willy Happy

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Quick solution is...
Jan 26, 2010 1:18PM PST

...quit giving long term property tax breaks to big box stores for moving into an area. It's not fair the smaller stores who have been there for years, decades even, should pay higher property taxes per sq ft of floor space than the big box stores. To appeal to voters officials will often talk about all the jobs THEY are bringing to an area, but not so much about the jobs that will be lost nor at what cost to everyone for property taxes lowered or set aside to "lure" the stores there.

If you have 3-4 smaller towns in an area, the one that can lure the big box store to their town will prosper while the others will fade, often to nothing. Since each small town can make their own deal to lure the big box store, then the easiest way is property tax set asides and other special privileges to the big box store that no other long term smaller store in the area has ever received.

Restore fair play, enforce it, and you will see the change you desire. Stab one group in the back while laying out the red carpet for the other and you get what you observe today. Remove the legal abilities for elected officials to give special tax considerations for some corporations over others, you'll see a change. You'll also see those elected officials who make under $100K per year no longer living like those who make several times that amount and end up much richer at the end of their time of "service" than when they were first elected.

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Store Closings
Feb 1, 2010 1:07AM PST

Whether in a small town or a city neighborhood, the retail culture changes forever when Wal-mart arrives. It blasts every existing store out of the water. If you want your local retail stores to survive you have to support them knowing that products will be lower at Wal-mart.

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Not teh case here...
Feb 1, 2010 4:56AM PST

We have a couple of Wal-Marts in the area and they haven't blasted other stores out of existence. Wal-Mart prices aren't always the lowest either.

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(NT) The same here.
Feb 1, 2010 5:54AM PST
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we quit shopping Walmart
Feb 1, 2010 6:25AM PST

We enjoyed the older one near the house, then they built a new huge superstore at the next interstate exit. Too big. Takes too long and have to cover too much of the floor to find the same things we could do quicker in the older smaller store. We quit. Now we shop Target instead, since it's still about the size of the old walmart store. You can get too big, and they did, for us.

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Sam's Club just closed 10 stores (4 in CA)
Jan 26, 2010 11:59AM PST

One was just north of here. They have also eliminated the new business marketing and outsourced the demo department. Wonder what's next? I learned about these from the news.

Diana