Operator of Faneuil Hall Marketplace, owner of Natick Mall on verge of bankruptcy.
Faneuil Hall Marketplace is owned by the City of Boston and leased to the current operator. Should the current lessee go under, a new one will most likely take over.
Thanks for that.
General Shrinkage threatens Natick, Boston
"people stop buying expensive crap from generic store mix found in any given convention district"
The Collapse of Alpha-Omega (One of the fancy stores in the Natick Collection) should have been a warning to all these high end uber expensive generic stores and malls. When times are tough the first thing you drop if your weekly visits to the Natick Collection and their overpriced clothing and home goods.
What happens to all those people who leapt at the opportunity to live in fancy condos next door to the ultimate shopping experience?
-Their heating bills go up as the dead mall goes cold.
-Their property value goes in the toilet.
-They get to park their upside-down Hummers wherever they want to.
the condos. Just like not enough people can afford to shop at the higher-end shops in the mall! Boy, was their timing poor.
Has the Natick Collection been getting calls from a collection agency? If an expensive apparel vendor was in arrears, would that create a foreclothier situation?
The mall is on 9 West.
Always a fan of a sale, if you become aware of any going-out-of-business sales, I'd love to hear about them... so I can go gain benefits and exploit their financial failures and hardships :D
At Jax, in the Square.
Of course, it's been going on since last fall, but, still, 50% off on men's socks, how can you resist?
50% off on men's socks
You only get one sock at a time?
Given how slowly they're "liquidating."
so if you want a big-screen TV, this may be your time to buy.
Bzzzzt, no. Tweeter is only offering ~10% off (ie, you can save half that by just driving up to NH or buying online) and you need to be very wary of some dirty crap that liquidators pull. For example, Circuit City's liquidator was hiking prices so that the "sale" price wasn't much of a deal at all...taking advantage of all the people coming in thinking they'd get a good deal because it was a liquidation.
Wait until after Christmas. Retailers and manufacturers will be flippin' desperate around then, given that consumer spending just flatlined last month.
Exactly, you can get much better deals with just normal sale pricing at stores that still want your business. When Compusa went out of business I would stop by on my way home from work every week and look at the sales and didnt buy some items until they hit 50 percent off, at which point there wasnt much left. I ended up with a nice tv mount out of the deal.
I would much rather buy from a company that wasnt going out of business and spend a few more pennies because they dont have the same restrictive return policies. The problem with clearence items in a store going out of sale is that the return policy is generally that you cant return it. Most major stores will take a tv back before 14 days is up (some even go 30) if the item doesnt work. Otherwise you have to go through the official channels of the manufactuar which is a much bigger hassle.