Tuesday, December 09, 2008

Trying to cram too much into my trips to the US has always been a problem for me, but now that they will be less frequent I’m really overdoing it and paying the price. On the way to office from CDG I picked Wags up at Dad’s. I missed the little guy and he was excited to see me. Dad warned me that being left can be stressful for dogs and it might have for Wags as he curled up on his pillow in my office and slept all morning.

Is the future of big box retailing in doubt? At a cocktail party Thursday evening, an industry analyst was pontificating about the challenges facing these companies as the economy changes. These businesses require large volumes to make their profits and few are predicting that American consumers will begin buying again as they have over the last 15 years. Even flat growth in spending will cause them to stagnate resulting in falling stock prices. Add the likely return of high fuel prices, which will keep people from driving distances to shop, and you have the perfect storm. Circuit City and Linen and Things are just the tip of the iceberg. I asked him who’ll benefit and he said the discount department stores, Target and Wal-Mart in particular, and in some markets, Mom and Pop retail.

Break out your finest leather, latex or vinyl duds. Its time for Nuit Démonia, this Thursday at La Loco. Kind of like on St. Patrick’s Day everyone is Irish and can drink green beer, well for La Nuit Démonia everyone can be a fetishist as long as you wear leather, latex or vinyl. Denise and I are still arguing over who will be the bottom, it’s my turn, no it’s my turn; you were last year…

I thought there was a commandment against worshiping false idols?

NYT pic



Anonymous VJ said...

ND looks like a bit of fun, hope it all goes down well. The Caddy's on stage & on the pulpit we saw over here. Pretty silly but we know what they were trying to say in Detroit. Hope the trip went well. Cheers & Good Luck! 'VJ'

6:50 AM  
Anonymous Anonymous said...

For your amusement.

1. Why do those antiquated department stores survive? Because they own their stores. Ultra low occupancy costs means you don't have to sell much.
2. Big Boxes are Best Buy size. The current roster of the dead are Junior Boxes. Many of them were in trouble before the proverbial shit hit the fan, notably Linens & Circuit City, which has been on life support for years. They over-expanded using cheap money but customer demand did not support the growth and they loved moving into those new, edge suburbs where things are not going well. The fabled crunch is pushing more over the edge.
3. I've always had my doubts about the "Category Killers," a lá Sports Authority. We shall see. My opinion is they depend too much on apparel sales. Watch any apparel chain that isn't off price. Even Target's apparel sales are down.
4. Many chains have depended on cheap money, not only to finance expansion but to cover a wide variety of sins. How many Sleepy's mattress stores have opened in the last two or three years? Expect at a minimum much retrenching. If demand falls and money remains tight, we could be playing Bankruptcy Bingo! Liquidation sales hurt the others in that category so we may see a "last man standing" attitude develop in some cases. He who then has the most understanding banker would win.

Excuse this interruption to your cute puppy, hot lesbian debauchery and veiled respectability blog.

4:48 AM  
Anonymous VJ said...

No, Everything's going down the tubes for the lack of credit for one, and buyers to 2. Watch for it. Cheers Anyways! 'VJ'

7:05 AM  
Blogger Kim said...

"Veiled respectability." I like that, a motto of life.


6:44 PM  
Anonymous VJ said...

Any one of the 3 mentioned would provide some more pleasant fodder for conversation. But I imagine right about now, Mr. HF might be thinking somewhat regretfully about not going into med/Dental/Vet school. But perhaps that's only wish fulfillment & dreams taking here. Cheers & Good Luck! 'VJ'

8:25 AM  

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