Update: An additional 139 stores was added to the closure list on February 9th.
Shopko announced today that they had filed for Chapter 11 Bankruptcy Protection. This was not a huge surprise as the company has been struggling for years. The company announced the closure of 105 stores. As is often the case with these announcements, there is a rush to see if “your Shopko (or Sears, Kmart, etc.) is closing.”
On a recent road trip in eastern Oregon and Washington, I traveled through Walla Walla, WA. and visited a Shopko store. The store is located in the Wall Walla Town Center, a recently redeveloped mall. Prior to redevelopment it was the Blue Mountain Mall that had opened in1989, was considered a “dead mall” in the 2000s and went bankrupt in 2012. While the Walla Walla store that I visited will remain open, the store itself has the feeling one gets as of late in a Sears or Kmart.
It did not help that it was located next to this Gottschalks store.
Gottschalks went bankrupt themselves in July of 2009. This store has been vacant for nearly 10 years adjacent to the Shopko.
Location, location, location.
Lord & Taylor, one of New York City’s oldest and iconic department stores, has closed up shop after 104 years.
On opening day in 1914, 75000 customers streamed through their front doors. The amenities of the store included several restaurants, separate roof top lunch rooms for male and female associates, a doctor and dentist office, gymnasium and a concert hall with a built-in pipe organ.
WeWork will be the new tenant.
On a recent visit to one of the tonier shopping areas in Vancouver BC, I ran across an example of how the 1%’ers shop.
Of course, Versace shoppers would not be driving Civics. Parked out front.
I am always on the lookout for retail brands that expand their reach by merchandising in airports. On a recent lay-over in Seattle, I ran across this vending machine.
Beecher’s is a small artisanal cheesemaker in Seattle.