Westfield has bought up everything and they are cloning them and/or attracting higher end brands to rent space. They just built another across the street from a major mall in my area that has less known, but more interesting shops
Hermes Cafe Bon Temps~Good Times Cafe
- Thread starter mistikat
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The area has developed nicely though it still is a work in progress. I did read about developer & tax incentives. I was curious if Hermes moved as part of LVMH or independently? The new Hermes store is beautiful! I do not go at night. There are a few restaurants & clubs. It would be advantageous to try to develop after hours venues. I would think there is some effort to cultivate them.
Personally, I feel the Design District is lively & forward. Bal Harbour can be very quiet.
I live in South Beach so malls are not my thing. I prefer open air.
It is not in the best area. Your friend is right. Security must be high, especially after hours
I read the post. My impression was that LVMH had a small interest In the company & Hermes resisted a hostile takeover. Did I read it incorrectly?
No they moved because they were basically going to be left behind in a dead mall without any other high end stores. LVMH has never had any control or say in the location of the stores even when they owned the minor stake in the company and the Design District has a lot of boutiques that are not part of the LVMH group. All the stores were courted away from the mall with buildings, lower rents, promotional dollars etc. LVMH now has no stake in H at all though it makes sense that their stores are frequently adjacent in shopping centers.
Malls are falling behind because they have premium rents, take a royalty on sales sort of like a condo fee and they are expensive to maintain and keep looking current. I still go to a very lovely mall in my area that just invested heavily in luxury store spaces but there are also a dozen other malls in the area that I haven't set foot in for years. When there are fewer it will be better. As to what to do with all that square footage, I don't know what will come of them. Most are very large and need a lot of work to keep up.
Did anyone read the book Gone Girl? There was a defunct mall in that story that was full of homeless, drug addicts and squatters.
Agree.
It is vulgar. The whole process is so violently screwed up, there is no possible way that it cannot be reaching what Malcolm Gladwell referred to as the Tipping Point. Human beings are notoriously fickle about their likes and wants. Perhaps knowing this H has just decided to ride the crazy B/K horse until it bucks them off, consequences be _____. But I suspect, there will come a day when it shall.
Thank you for the clarification.
Hermes was located in Bal Harbour. There are still high end stores located at the shopping center and an effort is being made to attract additional luxury.
They don't have the "energy" that the Design District seems to be gathering. There are businesses located in the DD that have no affiliation with LVMH. Many are furniture & design. It was the a group of stores that exited Bal Harbour and relocated to the DD I thought were all part of the conglomerate in a way.
Many centers are being developed In downtown Miami & neighboring areas.
I misunderstood the the association Hermes had with these exiting stores
Here are LVMH and Kering Group's holdings if you're curious, they are the big guys when it comes to dropping 15 stores into a center. I looked up the main holding company for the Design District and they also did the Lincoln Road development and several hotels in South Beach. Interestingly they haven't moved on to any other cities so they seem focused on developing that corridor of downtown to South Beach which must be great for tourists. Bal Harbour was far from the tourist/hotel zone.
I looked up Bal Harbour and was surprised there are so many luxury retailers left, maybe they are waiting for leases to be finished for maybe the market can sustain the multiple locations. I used to open stores for a mall retailer and spent a lot of time in that area about 15 years ago. It was a lovely mall but had an older vibe. I think DD is the direction the city wants to go in. Hermes has always been more of a destination store, lots of members have to travel far to visit their stores so I don't know they would sustain two locations in that city.
Ok so here we go... based on our recent discussion I decided to try to be a good citizen and support my store and my SA. The shawl that I have been waiting for was online yesterday but I didn't buy it. I called my SA first thing this morning to say it's online but I want to get it from you if possible. No call back as of yet and it's not online anymore. If I don't get that shawl I'll do what's best for myself next time and to heck with citizenship.
I actually like the Bal Harbour mall, it has some cute bars and it is an overall very pleasant and tranquil space. I was sorry when h decided to move from there. Somehow i never make it to the DD when i visit miami.
Spoken like a true revolutionary! [emoji23][emoji23][emoji23]
I am not making fun of you, pdp. I find amusing how we (including myself) struggle with this relationship with H. I wonder if anyone has ever written a PhD thesis on the subject...
No offense taken. I'll report back on the outcome. I head to Paris in a few weeks so if they don't come through locally I suspect I'll get it at 20% off. [emoji849]
At the airport lounge waiting for my cdg flight as i write!!I hope to find a few scarves that look interesting on paper (or monitor), but as often happens, i end up discovering some that i thought i would not like!