Satisfying the first part of that formula is easy in theory. Generally, a store needs 25, people who will use it as their primary source of pharmacy and beauty products, Cuti says. When the company considers a location, the marketing department sets up electronic beams or hand counters to tally the number of people who pass by at various times and in different weather conditions.
Finding affordable spaces in these prime areas requires Cuti to be a bit more creative. While most pharmacy chains run in fear from multi-floor, non-box layouts, he embraces them.
Forty-nine of his stores have two floors, and they come as small as a studio apartment under square feet and as large as a suburban supermarket a 17,square-foot box in Flatlands, Brooklyn. The payoff for flexibility is significantly lower rent. Take 4 Times Square, where in mid Duane Reade signed a lease for 3, square feet on the street and 9, below. With a subterranean location, less-than-hot neighborhood the jury was still out on Times Square , and a lease shorter than the usual fifteen years, it was the kind of ugly duckling only Cuti could love.
They just knew the local market. On the first floor are the cracked red tiles of a former fast-food restaurant, and in the basement—a dank box that lets out into a subway station—bathroom graffiti memorializes a commuter dive bar that gave up the ghost.
New Yorkers will shop there anyway. As senior vice-president of sales and marketing, Gary Charboneau has been choosing locations and designing Duane Reades since The last two sections, seasonal cards and candy and household and grocery, can be split and moved to fit the space.
Most stores carry between 18, and 20, different items. With , people making a purchase at Duane Reade every weekday, a study of exactly what the stores sell gives a pointillist portrait of the New York consumer.
That runs from insoles and corn pads—because New Yorkers walk so much, Duane Reade sells twice the industry average—to foods for the society-X-ray palate. Compare that to less than 10 years ago, when there were branches in the city, according to the New York Times.
Two stores in my hood closing and one near work NYC. Uh is the 8th ave Duane Reade closing? Because they just fixed that escalator In an email, Alex Brown, a spokesperson for Walgreens, said there have been 16 closings to date this year in New York City.
She said that the company was "undertaking a transformational cost management program" and was planning to close approximately Walgreens stores, which includes Duane Reade, across the U.
Given that the closures will represent less than 3 percent of their stores overall, "we anticipate minimal disruption to customers and patients," she added.
But for New Yorkers, part of the concern comes from seeing the vacancy crisis take its toll on what many thought were unshakable corporate giants, the ones with bottom lines that could actually afford the city's skyrocketing rents.
According to the Center for an Urban Future's most recent report , was the first time in a decade that chain stores declined in New York City.
The report found that the number of chain stores in New York City dropped by 0. In total, a record retailers—37 percent of the national retail companies in the study—shrank their footprint. The shrinking is generally attributed to the rise of Amazon and e-commerce. Stores that offer merchandise like household items, clothing and accessories—goods that can be purchased with a swipe on an app—have been shuttering, while food-related retail is on the rise.
Dunkin Donuts has consistently maintained its rank as the largest national retailer in the city over the last 10 years. In , it had a total of stores, a net increase of 12 stores since It's a lot of different things.
New York San Francisco Archive. Filed under: New York Minute. Duane Reade stores are closing, and some New Yorkers are nostalgic New Yorkers are used to grieving the loss of mom-and-pop shops and neighborhood staples, but chain stores? Three groups representing below-market builders and nonprofit homeless providers are asking the City Council to delay voting on a bill that would force them to pay union rates to construction workers, saying it would increase their labor costs and affect new construction.
Uber announced that it will add real-time NYC public transit information and directions to its app. A federal board suggested that all 50 states should make wearing bike helmets mandatory.
And, finally, as the holiday season approaches, we have some suggestions for what you can give your New York-loving relatives in our new gift guide.
0コメント