Eugene David ...The One-Minute Pundit |
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Thursday, July 31, 2003
May Department Stores is shuttering 32 Lord & Taylor stores (presumably all in malls) while spiffying up the "flagships" in Manhattan and Philadelphia. Interesting note: "[T]he stores that are closing made up 38 percent of the chain's locations, they only brought in 19 percent of the revenue [emphasis added]."
The big retail chains, anxious to escape the wrong races, ran bansheeing out of the cities, building millions more stores in Mallopia than anyone needed. Now the retailers are paying the price. But for prejudice shoppers could have been better served -- in suburbs and in cities.
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