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Flagship stores (which TFA describes this store as) often run at a loss, because the visibility in a highly-trafficked, prestigious area is worth it. That math
by prottog 4y ago
Flagship stores (which TFA describes this store as) often run at a loss, because the visibility in a highly-trafficked, prestigious area is worth it. That math changes drastically if you have to account for the potential PR headache that this particular location brings.
- SllX 4y agoHighly trafficked? Yes. Prestigious? Not once in my lifetime has that part of Market Street been prestigious. I know there was some lingering optimism going back through the previous decade that things might be looking up, but since then the crime and grime has only expanded further up Market Street. There’s another Whole Foods on Market, which for now is open and seems to be doing everything right across the street from a Safeway that’s been doing everything wrong—more so since the Albertsons acquisition—but to be fair my perspective is limited only to their evening hours when things seem fine. Some of the restaurants that opened up between the two areas are also already gone, either shut down or moved locations. They took their temporal location-based tax benefits to the end of their life and moved on.