In a message dated 4/20/2004 6:21:48 AM Central Daylight Time, Mike Jensvold writes:
On the other hand, if Target could be wooed to take a gamble on a downtown store, why could'nt, say, Best Buy, not be convinced to join the downtown retail boom? M. G. writes: There once was a Best Buy store in Uptown. My understanding was that it had, by far, the highest shrink (shoplifting plus employee theft) of any store. When you're shaving margins as thin as possible, as Best Buy does (on some products they make almost no profit) one shoplifted CD means they have to sell a refridgerator to cover the loss. Since then Best Buy has moved into the urban New York City environment with a store in Chelsea neighborhood. Could they be induced to open downtown here? Perhaps in Block E--one would think that would be a pretty good fit. It depends on the numbers, really. For them, they'd have to be able to sell a lot of product in that store--to people who wouldn't otherwise shop at Best Buy because of difficulty getting to other area stores. Considering that the rent in Block E is much higher per square foot than in their suburban locations, they'd really have to believe that they would sell a whole lot more. The downtown dynamic is changing. There's a lot of new, upscale housing going in. But, those people may not be the typical Best Buy customer (who is a 25-yr old male, more or less). I'm sure that Best Buy has been approached by the Block E management. Perhaps they just haven't pitched a deal that sounded good enough. M. G. Stinnett Jordan REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
