tag:blogger.com,1999:blog-579719431387122896.post1297755235488341783..comments2024-03-19T08:51:13.948-04:00Comments on Tomorrow's News Today - Atlanta: Michael Kors Opening Additional Atlanta BoutiqueAtlantan99http://www.blogger.com/profile/06115362060612910966noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-579719431387122896.post-58161263179626004502012-01-18T18:38:43.457-05:002012-01-18T18:38:43.457-05:00Not that it's anywhere near the top of Phipp&#...Not that it's anywhere near the top of Phipp's to-do list, but how about replacing that crappy sign at Wieuca and Peachtree with something better?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-579719431387122896.post-36653353301118188402012-01-18T17:20:23.084-05:002012-01-18T17:20:23.084-05:00I would bet the Michael Kors store at Phipps, in t...I would bet the Michael Kors store at Phipps, in the former Theory space, is the result of some "deal" he got from Simon<br />Its probably a short term lease, a year or two. and he will basically just move into the Theory space using their buildout and store fixtures.<br />Simon has probably leveraged some deal with him....if he takes space in Phipps temporarily to "keep the lights on" they will find him a space in one of their other "high end" malls that he desires to be in.<br />I think Phipps is on shaky ground...too much leasable space and not enough luxury to better tenants to fill the space. It will be very interesting to see how they continue to merchandise this property.<br />With the slowdown of Streets of Buckhead/Buckhead Atlanta Simon should have aggressively gone after some of the tenants signed at Street of Buckhead to remerchandise Phipps. Also the center needs a little face lift, all the dark wood and crystal chandeliers seem a little dated in my opinionAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-579719431387122896.post-41424166603582566072012-01-18T01:29:31.147-05:002012-01-18T01:29:31.147-05:00@Anon 2,
First off thank you for reading the blog...@Anon 2,<br /><br />First off thank you for reading the blog and for the comments. <br /><br />Brookstone, Williams-Sonoma and Talbots are all closing "ahead of the Legoland opening" and this may not necessarily be a result of the Legoland opening. My wording on this may wrongly make that connection. As you're aware, both Williams-Sonoma and Brookstone have locations in Lenox and this may be simply a consolidation of stores, ironically closing leading up to the Legoland opening. Talbots is supposedly moving their "WOMAN"business to their Peachtree Battle location. <br /><br />Intermix is not doing well, I know that. My intention was not to suggest they are doing so badly that a closure was imminent, just possible. <br /><br />I know for a fact that Bottega is not doing as well as corporate had hoped and that it will surely not get easier to build a client base once the Legoland opens. I don't think they would have been better off in Buckhead Atlanta, but perhaps should have waited for space to open up in the wing at Lenox. <br /><br />I do have inside sources in a variety of businesses around Atlanta and often they will share information with me knowing they do so on the condition of anonymity.<br /><br />Thanks again for reading the blog and for the feedback.Atlantan99https://www.blogger.com/profile/06115362060612910966noreply@blogger.comtag:blogger.com,1999:blog-579719431387122896.post-88088737718456572172012-01-17T17:39:25.560-05:002012-01-17T17:39:25.560-05:00How do you know Williams-Sonoma, Brookstone, and T...How do you know Williams-Sonoma, Brookstone, and Talbots are closing "in advance of Legoland"... what kind of comment is that?? Those stores aren't even "high end"... why make things up?? If that was so, why is Sur La Table, a store similar to Williams-Sonoma, opening in its place??? Maybe this has more to do with that face that some of these stores are already at Lenox across the street...<br /><br />Second, Intermix is not doing bad, but is it not doing great either. They are meeting sales goals but yes, they could always do more business. It's not doing poor enough to warrant closing the store. I know because I know someone who works there.<br /><br />Third. how exactly do you know Bottega Veneta is struggling??? <br /><br />Unless you have some sort of inside source, how exactly do you come to these conclusions???Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-579719431387122896.post-32042763659909025462012-01-17T17:38:38.773-05:002012-01-17T17:38:38.773-05:00Very interesting. Normally I would say that this ...Very interesting. Normally I would say that this boutique with runway pieces would fit right in at Phipps, but with all the changes they're making (LEGOland) I'm just not sure it's a good move. Who knows though? The people of Buckhead may surprise me. It is strange though that Kors doesn't just try to expand the Lenox store, since it is doing fairly well. Why open up another store right across the street? But perhaps Michael Kors is anticipating a great backlash to LEGOland. And on the flip side, perhaps having a new luxe store coming to Phipps will be enticement for others to stay. Probably not, but who knows.<br /><br />As for what's going to happen to Phipps shoppers, I think one of two things will happen. Either all the luxe stores will pack up,leave, and take their luxe shoppers with them because of LEGOland, or (what I would really like to see happen) the luxe stores will stay put and keep attracting the luxe shoppers and LEGOland will be a bust. Frankly, what draw is there to that mall for families besides LEGOland? No real kids / family stores, no good food court, just LEGOland and a lackluster theater.Scottynoreply@blogger.com