Retail Watchers

Still one in MN with name on Building.

The Miami Kmart is downsizing with walls going up, but here's the catch: It is going over a part of the salesfloor that had already been vacated by Kmart a few years before. I wonder if any new decor will go up in that area.
https://www.reddit.com/r/kmart/comments ... ubdivided/

Mgomrjsurf wrote: ↑September 27th, 2022, 5:48 pm Still one in MN with name on Building.

This is quite common for retailers who go bankrupt or are low on cash in general.

BatteryMill wrote: ↑October 1st, 2022, 10:07 am The Miami Kmart is downsizing with walls going up, but here's the catch: It is going over a part of the salesfloor that had already been vacated by Kmart a few years before. I wonder if any new decor will go up in that area.
https://www.reddit.com/r/kmart/comments ... ubdivided/

Mgomrjsurf wrote: ↑September 27th, 2022, 5:48 pm Still one in MN with name on Building.

This is quite common for retailers who go bankrupt or are low on cash in general.

One has to assume if they are spending money to build a wall, someone is subleasing the space. I can't imagine they'd spend money unless there was a good reason and for them good reason means something to do with monetizing real estate.

"Store Closing" signs are now up on the Burbank Sears.

storewanderer wrote: ↑October 1st, 2022, 10:47 am

BatteryMill wrote: ↑October 1st, 2022, 10:07 am The Miami Kmart is downsizing with walls going up, but here's the catch: It is going over a part of the salesfloor that had already been vacated by Kmart a few years before. I wonder if any new decor will go up in that area.
https://www.reddit.com/r/kmart/comments ... ubdivided/

Mgomrjsurf wrote: ↑September 27th, 2022, 5:48 pm Still one in MN with name on Building.

This is quite common for retailers who go bankrupt or are low on cash in general.

One has to assume if they are spending money to build a wall, someone is subleasing the space. I can't imagine they'd spend money unless there was a good reason and for them good reason means something to do with monetizing real estate.

I remember seeing it posted somewhere that At Home was taking the rest of the space for their store.

I was driving around San Leandro, California last night, and it seemed like there were tons of furniture stores in former abandoned retail locations. These were rundown strip mall locations near main streets.

I could not believe that there were so many. There were few cars in the parking lots, but they were all open for business on a Friday night. Furniture stores seem to survive without the need for crowds.

Perhaps Kmart and Sears could convert to furniture stores. The Sears in Concord, California has lots of furniture and home furnishings. Furniture stores seem to be profitable these days with so many people buying houses instead living in apartments.

Alpha8472 wrote: ↑October 8th, 2022, 9:47 am I was driving around San Leandro, California last night, and it seemed like there were tons of furniture stores in former abandoned retail locations. These were rundown strip mall locations near main streets.

I could not believe that there were so many. There were few cars in the parking lots, but they all open for business on a Friday night. Furniture stores seem to survive without the need for crowds.

Perhaps Kmart and Sears could convert to furniture stores. The Sears in Concord, California has lots of furniture and home furnishings. Furniture stores seem to be profitable these days with so many people buying houses instead living in apartments.

I read somewhere that these furniture stores are profitable mainly because of the financing options that they offer buyers. Same as cash sells product apparently in furniture stores. Beside that I do think there is a market for a quality furniture store that is between IKEA and the super high end places like Basset. Maybe that type of store is Ashley or Havertys. I'm not sure. Also, I think there is a good bit of furniture sold at places like Homesense. They have a location near me and I see people buying furniture pretty regularly. Maybe there is a market for old Eddie to get into once he finally closes down Sears and Kmart.

If I found out that Eddie was behind ANYTHING...............................I would run for the hills.

Don't care if every single person on the planet raved and loved it.

mjhale wrote: ↑October 8th, 2022, 11:32 am

Alpha8472 wrote: ↑October 8th, 2022, 9:47 am I was driving around San Leandro, California last night, and it seemed like there were tons of furniture stores in former abandoned retail locations. These were rundown strip mall locations near main streets.

I could not believe that there were so many. There were few cars in the parking lots, but they all open for business on a Friday night. Furniture stores seem to survive without the need for crowds.

Perhaps Kmart and Sears could convert to furniture stores. The Sears in Concord, California has lots of furniture and home furnishings. Furniture stores seem to be profitable these days with so many people buying houses instead living in apartments.

I read somewhere that these furniture stores are profitable mainly because of the financing options that they offer buyers. Same as cash sells product apparently in furniture stores. Beside that I do think there is a market for a quality furniture store that is between IKEA and the super high end places like Basset. Maybe that type of store is Ashley or Havertys. I'm not sure. Also, I think there is a good bit of furniture sold at places like Homesense. They have a location near me and I see people buying furniture pretty regularly. Maybe there is a market for old Eddie to get into once he finally closes down Sears and Kmart.

Living Spaces and Rooms for Less?

mjhale wrote: ↑October 8th, 2022, 11:32 am

Alpha8472 wrote: ↑October 8th, 2022, 9:47 am I was driving around San Leandro, California last night, and it seemed like there were tons of furniture stores in former abandoned retail locations. These were rundown strip mall locations near main streets.

I could not believe that there were so many. There were few cars in the parking lots, but they all open for business on a Friday night. Furniture stores seem to survive without the need for crowds.

Perhaps Kmart and Sears could convert to furniture stores. The Sears in Concord, California has lots of furniture and home furnishings. Furniture stores seem to be profitable these days with so many people buying houses instead living in apartments.

I read somewhere that these furniture stores are profitable mainly because of the financing options that they offer buyers. Same as cash sells product apparently in furniture stores. Beside that I do think there is a market for a quality furniture store that is between IKEA and the super high end places like Basset. Maybe that type of store is Ashley or Havertys. I'm not sure. Also, I think there is a good bit of furniture sold at places like Homesense. They have a location near me and I see people buying furniture pretty regularly. Maybe there is a market for old Eddie to get into once he finally closes down Sears and Kmart.

Like the appropriately named “Conn’s”