![]() All-American Magic & Demba have become the latest tenants of Lloyd Center Mall. Just days after his retail world appeared to be crumbling without repair, Benthimer pulled an ideal relocation target out of his hat. Their next destination? Another mall-one that many people have already written off for dead. Thank God for Lloyd Center.”įor Benthime and Gueye, the expulsion is the unwanted start of another journey. The shoe guy next door was gone on vacation with his wife, and I guess he’s just gone now. And then the nail shop didn’t know until the day after that because I had to tell them to check their email. ![]() “I didn’t actually even see the notice until Mark called. “For some reason, the people that used to own the building sold to another company who told us we have only a month to get the hell out of here,” Gueye continued. Gueye had taken out a kiosk inside Mall 205 six years ago as means of combatting off-season restlessness and seemed to view the enterprise as equal parts storage facility and fraternal lodge. The DMV brings in their 200 people a day, and that’s it.”īest known around town for hawking leather goods and NBA and NFL memorabilia at Saturday Market most every weekend for more than a decade, Gueye spends each summer setting up shop at state fairs across the Northwest for what he considers his primary business. “Back when Target was opening their doors so people could walk inside, we had a little traffic, but not anymore. “It was a dead mall,” admits Moustapha Gueye, who runs a kiosk called Demba. Taking its name from a planned interchange between the just-completed Banfield Expressway and ill-fated Mount Hood Freeway, the climate-controlled Mall 205 forged an identity (and brutalist-Levittown visual aesthetic) catering to the city that probably would have taken shape from a massive artery paving over old Portland to ease suburban commutes.īy the time COVID devastated all aspects of the industry, Mall 205 may well have been past saving, with only a handful of local storefronts remaining when the new owners pulled the plug. Not helping sentiment is that Bed Bath & Beyond may have had a very ugly holiday shopping season as it continues to battle execution issues and more cautious shoppers.(In 1964, just five years before ground was broken on what would become 430,000 square feet of retail space, the expansive plot housed the West Coast’s largest private sanitarium-a de facto work farm awarded lavish federal subsidies with negligible oversight to serve as designated treatment facility for some 5,000 Alaskan residents deemed mentally ill.) The challenged top line and increased discounting led to the company posting an operating loss of $168 million in the quarter. Other execs have also fled as cash-saving, cost-cutting efforts are underway.įurthermore, new CEO Sue Gove hasn't been able to revive the company, which has been heavily discounting products this holiday season in an effort to raise badly needed cash.Ĭomparable store sales crashed 26% from a year prior in the fiscal second quarter as the economic slowdown and poor inventory quality weighed on store traffic. Earlier this year, the board ousted Bed Bath & Beyond's turnaround CEO Mark Tritton. The retailer has battled all year long with tanking sales, weak store traffic, low cash levels, and merchandise not aligned with customer tastes. ![]() To be sure, not many on Wall Street would be shocked if the 2022 holiday season were to be Bed Bath & Beyond's last. Walsh/Portland Press Herald via Getty Images) Bed Bath & Beyond has announced layoffs and store closing on September 2, 2022. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |