The only reason we still went was to exchange our CO2 cartridges for our Sodastream, and when we went last weekend to do it they weren't even doing that anymore. It had gotten frustrating in that they did away with all but one manned check out, but you can't do the cartridge exchange at the self-checkout. That's probably the last time we'll ever step foot in there, sadly, as we look for a new exchange option.
True. But they did have some nicer stuff in there as well, between all of the Shark Tank gimmicks. I remember that was my first step up while climbing the economic ladder after stabilizing from moving out. Moving from Walmart and Target household items (bedding, dish sets, silverware etc.) to stuff we could afford from Bed Bath and Beyond.
They only had some of that kind of stuff up by the cash registers. The rest of the store always had a large selection of Kitchen, bathroom, bedroom merchandise. Also a good selection of small kitchen appliances, utensils, pots/pans, cutlery. It was a nice store to shop in for years before Covid.
Looks like the curtain is dropping on this one
https://www.cnn.com/2023/04/23/busin...tcy/index.html
Use your coupons now
https://www.cnn.com/2023/04/23/busin...ure/index.html
This will open three more vacant big box stores.
Edmond - 2nd and Bryant
OKC - 63rd and May
Norman - I-35 and Lindsey/Main
Party City also announced bankruptcy earlier this year.
Kohls had their debt rating downgraded by Moody's.
Yet, we continue to build big box stores, including a brand new big box center at 178th and Portland.
The weird thing is they just remodeled that May Ave location not too long ago.
But what the company has been putting into the stores for the last 5 years has been crap. They didn't pivot well during COVID. They lowered the quality of their product offerings and to be honest, you can get the same stuff at Target/Walmart these days in a lot of the cases. They became a brand that no longer differentiated themselves from the competitors. Think KMart. Bad management and poor offerings comes out as bankruptcy.
I think Kohls will still be able to bounce back, but it really depends on if they maintain a certain level of product. If they do what Penny's did and start cheapening things, then they also won't stand out and will suffer the same fate. I think they over planned that having people come in for Amazon returns was going to get them more in sales as people walked out (it didn't happen). I used that coupon a couple of times to get a couple small things here and there where I spend $1 or 2, but the can't survive on that scrap. I mean when i get workout gear that's already on clearance, for $1....hey that's a win for me
But before we go panicking about big box spaces being empty, there really are very few of these left empty for long around the city. They're either razed and rebuilt as something else, split up, or just flat re-leased. But I wouldn't consider BBB a big-box either. Walmart is a big box. BBB is an oversized strip mall slip. Michaels, for example, would easily fit into that space. So i'm not worried in the least about the handful of BBB spots being gobbled up.
I always liked BBB. But the products can be bought elsewhere.
Kohl's next? Went in there for the first time in about 2 years. Their prices are crazy expensive selection is so so.
I'm surprised that Penney's is still in business. Shocked, actually.
I wish the PGA Superstore would consider going in this location instead of Memorial & May/Penn area.
Interesting article
https://www.cnn.com/2023/04/25/busin...ses/index.html
Sorry, but it isn’t Wall Street, it’s poor management of companies, cheap money, and greedy demands from certain shareholders. Wall Street provides a necessary function for capitalism to work. The fact that greedy people play the system or make stupid decisions, and shareholders keep allowing them to do it is an indictment of everyone. It’s like people blaming the government when they keep voting in stupid and corrupt politicians because they are too lazy to work to find good representation. They problem is we all are complicit in making it happen and we keep wanting to just blame others and the institutions we barely even understand.
They were spending all their money to prop up their stock price to keep institutional investors happy. How is that not Wall Street?
What exactly is "Wall Street" in your mind? It is a huge aggregation that includes all kinds of necessary and well functioning financial services and infrastructure. The fact that individuals abuse the system to their own advantages is not an indictment of the entire system. That's as lazy as calling things "woke" because you don't exactly know what it is or what it includes. Individuals and organizations scam not only each other and their constituents through mechanisms included in in the financial system, but it doesn't damn the system, it damns those that are bad actors and those that sit around and allow it to happen. Gun owners love to say guns don't kill people, people kill people. In the same way, Wall Street doesn't harm people, people IN Wall Street harm people and people who USE Wall Street to carry out their nefarious deeds harm people. This country loves to point fingers and discredit whole institutions instead of policing the people USING the systems in an unethical or illegal way.
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