Quote:
Originally Posted by jay23
Cost Plus will go, they sell shit marked up 300%. The only time I shop is when they put he FIJI water on sale.
I was walking through one of the largest malls in Phoenix last night and saw every store had zero customers. The problem with these stores is that they sell things marked up 300 - 500% .
Look at Victoria Secrets, they buy panties whole sale for 30 cents from China and sell it for 15 bucks.
|
Rumor with Westfield Shopping Centers is that they are losing 10-15 of the retail lessees before fall 09. I heard Hot Topic is one of them and potentially Sears, which is a huge blow. One of the major dept stores will have to go, the market can't support them all anymore.
Robinsons May, Nordstroms, Macy's, JC Penney, Sears, and many more in the same malls. Zaks Fifth Ave. It's a matter of time. Heard Sears was on borrowed time as it is.
Time will tell.