One thing I learned is that Macy's actually owns the property at Quail Springs Mall. So GGP will have to purchase the property from Macy's in order to gain control of it. This may take months. They had the same problem with the old Sears space.
That isn't the case for the newer, nicer locations. The Belk's in Charlotte I would put on the level of Dillard's and Macy's. They are above JC Penney and Kohls.
I believe the ones in the Tulsa area are older locations and not ones that have been converted from Parisian, as are many of the ones in major metro areas farther east.
Haha it doesn't seem like it, does it? I remember at the time that we were jealous of the PSM store, which had seen a nice renovation and was renovated again when Macy's came. Every time I've been to PSM in the past decade (which is admittedly rare), Macy's felt pretty much the same as the Foley's I worked in.
When I used to live in far north OKC I would go to the QSM Macy's and would come out disappointed every time and end up going to Penn Square. I would ask the employees if they had specific things and they would usually send me to Penn Square. It's like they aren't even the same store and almost like they didn't even want business.
It (Foley's) didn't feel especially outdated in 1990; the PSM location just felt nicer and more upscale. But 1990 is a long, long ways from 2016.
The Tulsa area Belk stores and the Stillwater store are relatively new (< 8 yrs old ?) and sit in strip centers similar to Belle Isle Station. The size and merchandise very much remind me of Kohls. I do understand that there are larger Belk stores with more merchandise and higher quality merchandise than these Okla stores, Dallas Galleria for example. QSM might well be a good fit for a larger Belk store.
I suspect that the QSM Macy's was done in by the specific store itself as well as the national corporation even more than the current Okla economy. Have never been a fan of Macy's and the QSM store was horrible.
Oklahoma City Macy's on store closure list | News OK
(the comments are hilarious)
What are you talking about? The Belk locations in Tulsa are very new. Both of them built as Belk stores in the last 5 years or so. I've not been to the one in Owasso but I can't imagine it's too different from the Tulsa Hills location. It's just not a good store and far smaller than Macy's or Dillards with a small fraction of the selection. The Macy's and Dillard's locations in Tulsa are all several times larger than Belk. Now the Macys at Quail and the one in Norman (is that still there?) are smaller but the one at Penn is the same size as the two Tulsa stores. If I recall correctly the Macys at Crossroads was a larger store.
I haven't been in any Oklahoma locations. I know Belk changed a lot when they purchased Parisian from Saks Fifth Avenue. The locations I am familiar with are Little Rock and the ones in Charlotte, where they are a dominant player. Those stores are very nice, large, and on par with Dillard's and Macy's.
I have been to Belk flagship in the Dallas Galleria. At first glance it is a very nice store. Then you start looking at the merchandise and you fall kinda flat. Really no different than anything you would find a mid level store like Kohls. A Belk could work in QS but obviously that mall has issues.
I think we should really challenge the assumption about the QS area. Yes this area has money, but no density of money. Penn area has just as much $$ and far more density. Why would someone take a rather long drive across the section line roads of North OKC when for a extra five minutes of driving time, they can hop on Lake Hefner Pkwy to NW Expressway and be at a nicer mall? Also, For every million dollar gated neighborhood you can point to in that area, I can show you a decaying 70s era apartment complex just down the road. Lots of haves and have nots in this area, with the middle class slowly leaching further north and west. Its the same story in a lot of aging suburban areas across this nation.
This won't be a popular opinion on here, but for many of the same reasons, I have some reservations about the long term success of Chisholm Creek, at least if they plan on sticking to the current plan 100%.
The retail business in general in this nation is under a lot of stress. Even while shopping down here, I noticed stores seemed to not be as busy in years past. Mid level malls like QS are going the way of the dodo bird, thanks in large part to changing consumer tastes (i.e. people valuing experiences over stuff more), the rise of the internet, and the overall bifurcation of the consumer class into upper and lower economic tiers. Likewise, centers that fail to offer experiences or something to differentiate themselves will ultimately fail...if its just a place to shop for junk and nothing else, then people would rather sit in their pajamas at home and buy it off Amazon. So QS really needs to step its game up.
When my friend from Spain came out to visit me a couple years ago Macys was on her must list. She was really excited to get some good high fashion clothes like she saw on their website. We were there for an hour or so and we ended up leaving with nothing in her hands and her very disapointed. She remarked that all they had was old lady clothes. I don't know if this location was stocked for the rich old people in Nichols Hills or what but it just seemed that what they had to sell in that store wasn't the same as what was online. She came to spend too, we ended up going to the outlet store three or four times.
This is true, but I don't think its Internet shopping as much as it is that the middle class has shifted away from enclosed malls to the big box discounters. Clothes are something I would never shop for online because too many times I see something I think I would like but I try it on and end up not liking it. Middle-tier malls are failing everywhere. Tulsa's Promenade is in worse shape than Quail Springs. Macy's would have closed that store but from what I've heard, the mall owner offered a huge incentive for them to keep it.
Enclosed malls have to go upscale. Chisholm Creek WILL be a threat to Quail Springs Mall if GGP doesn't act now. In other cities, lifestyle centers are preferred to enclosed malls because they offer, as you mention, an experience. OKC, being a smaller market, might have issues supporting a large lifestyle center and a super-regional mall so close together. It's time for QSM to stop competing with what Crossroads once was and start competing with Penn Square, Chisholm Creek, and what Glimcher could potentially be if it ends up getting built.
this is happening very fast. . . heard the agent's closeout sale starts Monday.
Penn Square Macy's is much nicer than the one closing at Quail Springs. Better clothes too. Maybe it was a bad day at Penn.
The Macy' stores in Penn Square is nice, but doesn't match similar ones in Eastern malls like Providence Place (RI), Burlington Mall (MA), or Pheasant Lane (NH). I was disappointed when I went there. The one at Quail Springs Mall was a disaster IMHO.
I wonder if Academy Sporting Goods would be interested in leasing the Macy's space. They currently have locations on NW Expressway and Edmond, but don't have a Memorial Rd. location. I know they usually locate in strip center locations. But Dicks' Sporting Goods has several mall locations and they seem to do fairly well. Obviously Dick's wouldn't locate in the mall since they already have a location at Penn and Memorial, but Academy might be an option. Another option might be a Conn's. They also have locations on NW Expressway and Edmond, but not Memorial Road location. I know that Academy and Conns wouldn't be ideal like a Nordstrom or Saks, but I think we have to a little realistic that Quail isn't going to attract that kind of tenant. And having an Academy or Conns in there would be better than nothing.
Regardless, GGP will have to get creative with that space because I think they're going to have a hard time getting a single tenant in there. Maybe converting the space back into the mall corridor and leasing out to smaller tenants would be an option.
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