Von Maur

[ljbab728]

Steve's new update on the Von Maur incentive.

Sales tax rebate of up to $2 million sought for Quail Springs Mall Von Maur store | NewsOK.com

[soonerliberal]

Agreed. I am sure under normal circumstances Tulsa would get a full-line Nordstrom before OKC would, but being that Tulsa already has Saks, and the market likely isn't large enough for both Nordstrom and Saks, its possible they could open in OKC. It would require either the construction of a new upscale lifestyle center or the departure of one of the anchors at Penn Square i.e. Penney's. I really don't see either in OKC's near future.

I really hope to see JC Penney look to abandon of their Penn Square location and possibly open up a new one like their Moore or MWC one up on NW Expressway. That seems to be their continued movement, despite the troubles with the company. While Penney's and Nordstrom coexist in some malls, Nordstrom is definitely a step up from Macy's/Dillards and a leap up from Penney's. If Penn continues to try to move towards being the high-end mall of the city, they are going to need a higher-end anchor. Keep in mind though that Nordstrom is nice, but is at a level below Saks or Nieman Marcus in many cases. On the east coast, you see Nordstrom in many malls that do not have the higher end anchors.

[Rover]

If Penn continues to try to move towards being the high-end mall of the city, they are going to need a higher-end anchor. Keep in mind though that Nordstrom is nice, but is at a level below Saks or Nieman Marcus in many cases. On the east coast, you see Nordstrom in many malls that do not have the higher end anchors.

Actually, according to WWD, a pretty good authority, Nordstroms is tops.


"Mirror, mirror on the wall, what store is the most luxurious of them all? Nordstrom, apparently.

According to WWD, New York-based research firm Luxury Institute surveyed 1,200 people who earn at least $150,000 annually; these shoppers ranked Nordstrom as the most luxurious department store among other high-end retailers. Nordstrom received a score of 8.41 out of 10, while Barneys and Bergdorf Goodman both received scores of 8.23. This is surprising!

[bhawes]

I went to Von Maur store at the mall in Wichita Kansas. The store is very nice and the prices are very upscale they had jeans and shirts as high as 100-150 dollars.

[kevinpate]

I went to Von Maur store at the mall in Wichita Kansas. The store is very nice and the prices are very upscale they had jeans and shirts as high as 100-150 dollars.

a Buckle store has jeans that begin lower, but they also run further up the price chain as well on some lines.

[bchris02]

Actually, according to WWD, a pretty good authority, Nordstroms is tops.


"Mirror, mirror on the wall, what store is the most luxurious of them all? Nordstrom, apparently.

According to WWD, New York-based research firm Luxury Institute surveyed 1,200 people who earn at least $150,000 annually; these shoppers ranked Nordstrom as the most luxurious department store among other high-end retailers. Nordstrom received a score of 8.41 out of 10, while Barneys and Bergdorf Goodman both received scores of 8.23. This is surprising!

When I lived in Charlotte, Nordstrom was below Neiman Marcus. It might not be that way in every market though. I've heard the Tulsa Saks isn't one of their best stores, though I've never been there to check it out.

I hope the Von Maur store does very well. If it does, that may be a signal to other stores that OKC can support high end retail.

[MDot]

I hope the Von Maur store does very well. If it does, that may be a signal to other stores that OKC can support high end retail.

I mentioned it previously, but this is what I'm hoping will happen.

[Rover]

When I lived in Charlotte, Nordstrom was below Neiman Marcus. It might not be that way in every market though. I've heard the Tulsa Saks isn't one of their best stores, though I've never been there to check it out.

I hope the Von Maur store does very well. If it does, that may be a signal to other stores that OKC can support high end retail.

The Tulsa Saks vs a real Saks is sort of like a Walmart Neighborhood Store to a Walmart Super Center.

[OKCisOK4me]

The way society is today, if the kids want to bling it out, the parents will buy it. That right there tells you that OKC can afford to have high end retail AND if people don't have kids they will spend the money on it if they want it. How do you not risk that venture?

[bchris02]

The Tulsa Saks vs a real Saks is sort of like a Walmart Neighborhood Store to a Walmart Super Center.

I am not sure I would make that comparison. The Wal-Mart Neighborhood Markets aren't bad stores, and would actually be decent grocery stores if they didn't bear the Wal-Mart brand. The Supercenters are far less nice and far less enjoyable to shop at but carry much more.

I get what you are saying though. The Tulsa Saks is tiny and only carries a fraction of what a real Saks would.

[MonkeesFan]

Sears is still open? I thought it would go out of business already

[Plutonic Panda]

I think their last day open was sunday.

[MonkeesFan]

I think their last day open was sunday.

Well, I am surprised it lasted that long

[Plutonic Panda]

Yeah, and there were a ton of people over there Sunday. They really didn't have much except for their shelving that they were selling and some clothes and shoes.

[MonkeesFan]

Yeah, and there were a ton of people over there Sunday. They really didn't have much except for their shelving that they were selling and some clothes and shoes.

Sears sell clothes and shoes? I do not remember that, I thought they sell TVs and tools

[Plutonic Panda]

Sears sell clothes and shoes? I do not remember that, I thought they sell TVs and tools

Yeah they do(did). All of their tools and electronics were gone. I mean GONE! lol

[MonkeesFan]

Yeah they do(did). All of their tools and electronics were gone. I mean GONE! lol

Hahaha!

[MadMonk]

Yeah they do(did). All of their tools and electronics were gone. I mean GONE! lol

I was there last weekend too. I had forgotten that they were closing and went up there to exchange a broken ratchet, but there was barely anything left, and nothing that I could use. BTW, in case anyone else needs to warranty-exchange a tool you can do so at Ace Hardware now that they are carrying Craftsman. They have a very limited selection, but if they have it, they will honor the warranty.

[Pete]

SUBJECT: Joint Economic Development Agreement with The City of Oklahoma City and Quail
Springs Anchor Acquisition, LLC for the Von Maur Retail Facility Development Project (GEN-ED)

Location
2501 W. Memorial Road

Background
General Growth Properties (“GGP”), owner of Quail Springs Mall has approached
the City regarding 182,000 sf of the former Sears retail space that was vacated on February 1,
2013.

Understanding the importance of sustaining and expanding the City’s tax base, City staff and the
Alliance for Economic Development of Oklahoma City negotiated the attached economic development
agreement with GGP that will enable the City and GGP to meet their economic development goals and
support the regional retail center known as Quail Spring Mall.

On January 22, 2013 the Oklahoma City Economic Development Trust received a presentation regarding
the merits of assisting GGP in securing Von Maur as the replacement of the Sears space. The Iowa
based Von Maur would be the first such store in Oklahoma and is expected to generate approximately
$40 million in annual sales. In addition, Von Maur is expected to increase and enhance the overal
tenant mix at Quail Springs Mall.

The Project meets the City's retail incentive policy that promotes the development of new to market
retailers along with supporting regional destinations. The agreement provides a $2 million sales
tax rebate over 10 years. Included is an annual cap starting at $225,000 in year one that climbs to
$275,000 by year eight. To qualify, the retailer's annual sales must be a minimum of $27.5 million
for the first year and a minimum of $30 million in annual sales for the remainder of the agreement.

Estimated Cost
Not to exceed $2,000,000 over a ten year period with annual caps between $225,000 and $275,000.

[Pete]

vonmaur.com

[Plutonic Panda]

This is awesome!!!!

[SomeGuy]

When is Von Maur coming to quail? I hope it comes before august of this year and it brings on more upperscale stores in the mall or some older stores back like Gamestop Yankee and A&F. To me Quail is doing fine right now but I think it will do even better with Von Maur.

[MonkeesFan]

I never heard of Von Maur but that store looks awesome for women but not much for men from looking at the 2 pictures

[rezman]

Just in case anyone is interested, there is an independently owned Hometown Sears store located at 33rd and Broadway in Edmond, on the southwest corner. It reminds me of the old Sears catalog stores you used to see in small towns. I talked to the owner the last time I was in there, which was before the QS store closed, and she said their business was already picking up and that they may have to knock a wall out and expand since they are the only Sears store on the north side other than the service center on Walnut.

[bchris02]

I never heard of Von Maur but that store looks awesome for women but not much for men from looking at the 2 pictures

Well It's going to have two levels. We'll have to wait and see but with a space that big they will have to have a men's section.

When is Von Maur coming to quail? I hope it comes before august of this year and it brings on more upperscale stores in the mall or some older stores back like Gamestop Yankee and A&F. To me Quail is doing fine right now but I think it will do even better with Von Maur.

Do people still wear A&F? I remember when they were all the rage in the early 2000s, but I don't see very many people still wearing them today. Maybe its a teen thing?