- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Today's LBO Retail Bankruptcy - Claire's
Posted on 3/19/18 at 3:10 pm
Posted on 3/19/18 at 3:10 pm
LINK
Continuing to follow the pattern:
1) Leveraged buyout between 2005-2010 causes insane debt load
2) Too many stores
3) Mall traffic counts down
4) Unable to find a niche (larger stores like Charming Charlie and Sam Moon stealing customers, rise of Etsy and online purchases for cheap jewelery, especially from China)
5) No major web presence
Going ch 11 will reduce the debt, giving them some space to fix the other issues. Will they be able to do it?
Continuing to follow the pattern:
1) Leveraged buyout between 2005-2010 causes insane debt load
2) Too many stores
3) Mall traffic counts down
4) Unable to find a niche (larger stores like Charming Charlie and Sam Moon stealing customers, rise of Etsy and online purchases for cheap jewelery, especially from China)
5) No major web presence
Going ch 11 will reduce the debt, giving them some space to fix the other issues. Will they be able to do it?
Posted on 3/19/18 at 3:13 pm to LSUFanHouston
Don't they own Maurice's too?
Also, if they close, where in the hell am I going to get my 6 month old son's ears pierced at?
Also, if they close, where in the hell am I going to get my 6 month old son's ears pierced at?
This post was edited on 3/19/18 at 3:17 pm
Posted on 3/19/18 at 3:14 pm to LSUFanHouston
quote:It is 2018
5) No major web presence
Posted on 3/19/18 at 3:17 pm to brucevilanch
quote:
Don't they own Maurice's too?
You may be thinking of Justice.
Posted on 3/19/18 at 3:17 pm to J Murdah
quote:
5) No major web presence
It is 2018
Yeah, that's pretty unacceptable.
Beginner level developers could make them a suitable website in a week.
Posted on 3/19/18 at 3:18 pm to LSUFanHouston
Yeah, I guess. I don't know.
Posted on 3/19/18 at 3:18 pm to LSUFanHouston
It probably doesn't help that every female between the ages of 10 and 18 steals shite from that store.
Posted on 3/19/18 at 3:19 pm to LSUFanHouston
Malls just suck nowadays. They need major restructuring. In 20 years there will be no more malls.
Posted on 3/19/18 at 3:24 pm to jcaz
quote:
Malls just suck nowadays. They need major restructuring. In 20 years there will be no more malls.
From 2006-2015 there were 6 malls built in the entire country. There is currently ONE under construction - outside New York City.
I think the open-concept - like Fremaux in Slidell - still has a lot of life left, but the enclosed mall - they are too expensive to operate given retail margins these days.
Posted on 3/19/18 at 3:25 pm to LSUFanHouston
quote:
1) Leveraged buyout between 2005-2010
The guys involved in this buyout, who apparently couldn't see the rise of online shopping just down the road, need to be driven from the business forever. It isn't like online wasn't a looming presence somewhere way out in the future. This is only ten years ago.
Posted on 3/19/18 at 3:25 pm to jcaz
Unless one has opened in the last couple of years, the last enclosed mall built was in 2006.
Posted on 3/19/18 at 3:26 pm to LSUFanHouston
Damn, where will i get my ears pierced now?
Posted on 3/19/18 at 3:31 pm to S
I 100% agree that malls are dying, but dear god lakeside mall in Metairie is more packed than ever. Passed by there Saturday evening and the 5 gigantic parking lots that I saw were completely full.
Posted on 3/19/18 at 3:34 pm to LSUFanHouston
How in the hell does a chain store that sells costume jewelry run up a billion dollars debt?
Posted on 3/19/18 at 3:34 pm to LSUFanHouston
quote:
1) Leveraged buyout between 2005-2010 causes insane debt load
Similar to Toys R Us...private equity firms.
Posted on 3/19/18 at 3:36 pm to JohnnyKilroy
Best I can tell, Lakeside is some freak of nature in the mall world.
Posted on 3/19/18 at 3:45 pm to RTRinTampa
quote:
How in the hell does a chain store that sells costume jewelry run up a billion dollars debt?
Leveraged buyout - that debt has been there for a while.
Definition
Posted on 3/19/18 at 3:55 pm to jbgleason
quote:
Best I can tell, Lakeside is some freak of nature in the mall world.
It's got several things going for it:
1) Lack of competition - it's really the only "mall" on the East Bank. Esplanade is basically dead, Clearview isn't really a mall, and no malls inside Orleans Parish. It has anchor stores that are mostly only available there unless you want to cross the river or lake
2) It has the only apple store in the area
3) It has an amazing location - very easy to get to from a number of places
4) It has had a lot of money invested in it - refreshes, etc
5) It has strong out-parcels.
6) It has a number of events that bring people into the mall. They do the train rides for kids for the holidays, kids signing, etc.
7) It's independently owned. It's probably one of the few major malls in the country who are not owned by Simon/Mills. That company is having their own problems.
Posted on 3/19/18 at 4:53 pm to LSUFanHouston
I think it's a combination of the rise of Amazon types and the tendency of rift raft to congregate at malls.
Went to Lafayette's mall this weekend and was just disgusted. Walked into JC Penney's and it felt like a flea Market.
Went to Lafayette's mall this weekend and was just disgusted. Walked into JC Penney's and it felt like a flea Market.
Posted on 3/19/18 at 5:28 pm to LSUFanHouston
I got all my ear piercings done there back in the day.
Popular
Back to top
Follow TigerDroppings for LSU Football News