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Originally Posted by The 12th Prime
Well, finally got my G2 Sandstorm after just ordering it online and curbsiding it. Sucks no edge discount at least until the lockdown ends.
It is funny that the larger square footed store is the one that’s closing here. I’m inclined to think mall space per SQ foot would cost more than the plaza but I could be wrong.
We had 3 stores here, one in the north end closed about 2 or 3 years ago now which left us with 2 stores 5 minutes apart. Smaller one in the mall and large one in our SmartCentre plaza down the street. I’d be told regularly how the mall store was a certain type of store (forget the name) and they’d get preferred stock or preorders available that the plaza store didn’t. Then I’d go into a random out of the way store and see Amazon exclusive Auotbot Aplha Strike or Decepticon Phantom Strike pack just chilling on the shelf. Anyway I hope they can somehow salvage their business but turning their website around is where I’d begin.
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Sandstorm is pretty cool overall, especially for an unused design from G2.
Costs for stores is tricky. A mall is probably more expensive per square foot, but probably lower costs for non-store expenses. One of the killers for plaza stores, especially big plazas is common area maintenance, and taxes. My past experience is that you split theses evenly among the tenants, so the fewer the tenants the higher the cost. So a big plaza really kills if there are not too many stores anchored by one big box retail. Also a single store closing can really increase the costs going forward.
A mall tends to have a higher number of stores per square foot so the cost is further spread out and a single store closing doesn't have as big an impact.
Again that is from my past experience, maybee it has changed now. Either way EB is in tough.
