While we're talking about Saks...
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Well, okay, maybe Nieman is a little higher than Nordstroms, or more likely similar, but no way Saks is at the top of that list.
The liquor issue is a moot point now, especially since Whole Foods has locations in the following 3.2 beer states... Kansas, Minnesota, Colorado, Utah and one of course in Tulsa.
Then they have a location in Little Rock, Arkansas, which based on my data, has demographics that just don't compare to Oklahoma City.
Continue the Renaissance!!!
In New York they've got side-by-side stores, one of which sells liquor and the other groceries. I'm getting really annoyed with us being passed over for other cities with worse or similar demographics. Omaha has an Anthropologie. It's not doing well financially, but they've got one. I thought the Chamber was supposed to have a branch that was aggressively pursuing new retail in OKC. Granted, many stores aren't expanding at all right now, but clearly someone had been expanding to Little Rock and Omaha.
I appreciate everyone's input and market demographic statistics etc. Very interesting. As far as a planned Sak, Neiman's or Nordstorms coming to Oklahoma...it's a safe bet to say that sadly that has all been postponed thanks to our newest recession. I've waited 30 years for NM so I guess the wait marches on...
Neiman's sadly has lost over 800 million since last December..haven't seen this last quarters losses. Saks has been quietly closing stores across the US for a year now. For the life of me, cannot figure out how the one in Tulsa hangs on...maybe because of a supposed tax incentive another poster had mentioned. Nordstrom's seems to be faring the best out of the three but any expansions this way have been put on hold. Three years ago there were plans for a Nordstom's in Norman where the newest Super Target is located. NM was slated for north of Quail, albeit on a smaller scale. Saks has been doing poorly way before the recession so there never was one planned for OKC. Got this info from several execs/ dept store heads ...but no one is talking much now!!
Oh yeah, Dillards stock has been plummeting and it is reflected in the cheaper merchandise they are stocking. They are in trouble too. What's a girl to do for shopping in this town...just kidding!! Still sad for classic retailers such as NM and Saks!!!
Anyone know if Balliet's will make it to Classen Curve.....??? They have been suffering similar losses...on a smaller scale , of course!!!
On another note.....would any gals out there like to see a upscale fashion accessories/shoe store in Classen Curve...or Nichol Hills?? Savy business men can chime in too!!! Would definitely have a online store to coincide with the brick n' mortar concept!!!!
Found this report while researching the retail mkt for 2009 and came upon this Pdf.....ftpcontent.worldnow.com/griffin/.../PDF/.../RetailMarketSummary.pdf
sorry, do not know how to convert to a clickable link..will check later...
I've got the impression from this person at the Greater OKC Chamber (who I will keep nameless) hasn't done a good job in getting retail. That's all I feel comfortable saying at the current time since to my knowledge, Chamber employees aren't public officials like City employees.
Neiman carries $5,000 men's suits in store and you can buy million-dollar tech goodies through their catalog. I just don't see OKC really supporting something like that for a long time.
Yeah, I don't see Neiman's coming to OKC anytime soon. They're basically top of the department store market. Nordstrom would be nice, but actually, the highest end Dillards have merchandise as nice or nicer than most Saks or Nordstroms (except they don't carry Louis Vuitton, to my knowledge, although the Saks in Tulsa doesn't either). I think we have a second or third tier Dillards at Penn Square, but the one in Scottsdale is pretty amazing.
I think Classen Curve would definitely support a shoe and accessories store, especially if it carried unique brands not sold at Dillards (which has a pretty nice shoe department, although this is where Nordstroms really shines). If it carried purses too, that would be even nicer!
I keep hearing Balliet's is moving to Classen Curve. I think it will improve their business. 50 Penn is pretty dead.
I'd be happy just to get a Restoration Hardware, Anthropologie and a few of the other slightly higher end chains, myself.
Not closed but development stalled here in Austin, there was supposed to be a new Saks, Nordstrom's and Whole Foods in The Domain opening this fall. They were relocating the Arboretum Saks and Gateway Center Whole Foods, the Nordstrom's was all new.
Hey, Oil Capitol....sorry haven't read the info on how to display a former poster's remarks...I guess i am lazy. lol
Well, all I know is that Saks closed some stores in the Midwest and had planned to close some in south Texas. They have closed several in Florida with one significant closing in Ft Lauderdale. I cannot remember the specific cities but can find out form a friend who works at the Dallas stores. I do remeber that they were smaller stores much like the one located in Tulsa, with the exception of the Ft. Lauderdale store. I do remember that there was much anticipated planned opening in the Willow Bend Shopppes in Plano, Tx. Sadley, that never happened either.
On another note, I read in the WSJ that Neiman's , well the huge corporation that owns the stores, was also planning to close some stores if this years huge losses continued. They had planned to expand inot Mexico first and then some other countries. Of course, they hadn't forseen the latest recession...would love to have seen one in Dubaii!!!
Whenever I get the specifics...will let you know!!!
Well, to be honest, then i mispoke about the "quiet" part. However, I have been reading the WSJ "Marketplace" for several years now and haven't seen Saks promoting the specifics of their store closings. If you were aware of the closings then why did you ask????????????
Then you tell me, if you know so much!!!
Hey Betts,
Thanks for your input relating to the possibility of an upscale fashion acc. store at Classen Curve. When Balliet's moves in it will help with all the foot traffic etc. If we decide to carry shoes, there definitely will be designers that are currently not sold at Dillard's stores. Also, we plan to have a website so that we will reach others outside of the Oklahoma area!!
Marlo
Because I wondered what stores they had "quietly" closed, just like I asked. Store closing announcements usually consist of one press release. I don't know of anyone who has ever "promoted" their own store closings. When you said they had "quietly" closed stores, I presumed you used the modifier intentionally, to mean something other than the usual practice.
That doesn't surprise me seeing as how some of their figures on OKC are about five years out of date. Could they honestly be the problem? Someone isn't getting updated information out to retailers.
Retailers request the data when they do their demographics ring study, and it typically comes from data provided to them by the Chamber. If the pie charts make the bank happy, we got a store. If not, then OKC is passed up. And if they are providing data that came from 2001 when OKC was below the national average in per capita income, then we have found the culprit.
Continue the Renaissance!!!
I doubt that they are dumb or lazy enough to use old data. Its a tougher job than you guys seem to think it is. Again, if you are referring to them not being able to lure retailers to bricktown, I think its bricktown and not the chamber employee. You cant force somebody to open a store, especially in an area that cant support it yet.
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