Quote:
Originally Posted by jsbrook
I consider Bloomingdales Beverly Boulevard location and other places I ID’d outside Bew York, Chicago, and San Francisco to be “downtown.” I think you have to consider the cities you are dealing with. A lot of LA’s high end neighborhoods, like Pacific Palisades and Bel Air, are not very walkable. The Bloomingdales are still downtown Bloomingdales within the rubrics of those cities. I didn’t know about all the downtown Nordstrom’s. I guess we are both wrong in a way. But either should do fine here if the demographics can support them.
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I agree 100%; Bloomingdale's historically has always been the more 'urban' company. Even in terms of the product and line/fashion brands it carries, Bloomingdale's tend to be catered to a slightly more progressive/urban chic, more daring clientele, where Nordstrom is a little more tamed with its suburban buyer influence/prowess. To each there own on preference, but I tend to think Bloomingdale's is slightly better.
Locations like Chevy Chase, MD are 100% urban, as well as its 3 locations in L.A, are by all definitions urban in its form.
Here is a google streetview of the Chevy Chase, MD store (which is on the D.C border).
https://www.google.com/maps/@38.9608158,...Keq0hwhCSPbp3UV6l_oYw!2e0!7i13312!8i6656
Also to be frank I find the current Friendship Heights/Chevy Chase, MD retail corridor to be the best example of mix of discount and higher end retail and the future build out potential for Market East.
Discount brands like T.J Maxx, Marshalls, former Loehmans (basically a very small version of Century 21), Nordstrom Rack, etc. are mixed with fast fashion/staple market brands like Old Navy, DSW, H & M, along with some mid - market premium staples like J.Crew and Banana Republic, a few higher end offerings, along with some bigger box retailers such as World Market (this retailer would compliment Philadelphia extremely well) and Department stores like Bloomingdale's. If you have never been there, definitely explore a bit on google street view. The layout and street feel in my mind mimics something very similar to what East Market future can hold.
Also fun facts about both stores regionally.
1) Macy's Inc. most profitable store in the region is indeed the Center City location; and one of their best performing nationwide.
2) Nordstrom at King of Prussia Mall is the most profitable store on the East Coast. Although I am sure once the new store opens in NYC, that could potentially change.
3) Fast Demographics.
Core Center City Population (South to Vine - River to River): 65,000 with median household income at $116,000/year.
Greater Center City Population (Girard to Washington - River to River): 188,000 with median household income at $96,000/year.