The graphic below is a funny mall-directory-like map that shows retail concepts that have either gone out of business or are on the brink with descriptions of their situation. We especially like this statement about Spencer Gifts: “Specializing in all things unnecessary, Spencer’s is what Brookstone would be if it was run by a stoned 20-year-old.”
I think the broker who inked these leases is also running my IRA.
Many good concepts in their day, showing we all must evolve.
Almost my entire wardrobe is Chess King. Is that bad?
OUCH !!! That hurts… Funny though… We’re way overbuilt anyway. This was bound to happen…
There will always be the latest and greatest, with a new concept around the corner. Spencers lasted far too long.
When retailers die, it’s because they earn it! The economy makes consumers more conscious but if people perceive that the relationship between quality and price is “appropriate,” they will, for the most part, continue to buy!
When I see tacky (and ridiculously overpriced) retailers going out of business, I ask myself a question now: if I were the type to sign a loan doc without reading it, or think an ARM was a money-saver, would I likely have shopped here…? More and more, the answer is yes.
Acid-washed balloon pants are rather dapper! And, hasn’t anyone been reading GQ? Zippers are back. Why in the world did we give up on velcro? I must say, everything old seems new again, so bring back Chess King, or better yet, appeal to a major demographic and introduce a new concept: Chess Queen.
can anybody tell me where the sharper image is?
No surprise here…with the exception of the Ground Round, each one of these retailers develop predominantly in malls where common area costs are high and your margins are thinner than an Olsen twin.
Haven’t seen anything on Spencer’s mentioned anywhere but here – would like to check out that info?
Gosh!!! You mean these retailers are extinct??? I was just looking in my old 1993 Crittenden phone book to give most of them a call to see if they could occupy my B and C malls. So glad you gave me the heads up – no wonder I couldn’t find them by Googling.
Ya think my days are numbered as a Leasing Rep?
LongInTheTooth Leasing Rep.