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   nyc.transit      Advice on getting mugged on the subways      3,014 messages   

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   Message 1,616 of 3,014   
   hancock4@bbs.cpcn.com to Bolwerk   
   Re: city diners closing on account of hi   
   26 Oct 15 12:40:18   
   
   On Monday, October 26, 2015 at 2:58:48 PM UTC-4, Bolwerk wrote:   
      
   > The Strand Book Annex downtown became something with 99 Cents Store(tm)   
   > quality.   
      
   I don't understand how a 99c store could generate sufficient profit to pay   
   premium rentals, even if it has lots of traffic--the markup per item is very   
   low, and unit transaction costs are high.  Indeed, such stores seem to be in   
   the 'lesser' retailing    
   sections, not the upscale ones.   
      
   I suppose if some ultra hip boutique moved in and sold $1,000 scarves in   
   quantity, the business could afford premium rents.  But how many such high end   
   stores are there?   
      
   Also, food service, like a diner, is one of the few businesses today that   
   still needs a brick 'n mortar presence.  So many other retail businesses have   
   been hammered by mail/internet order; those businesses need warehouse space in   
   the back streets, not    
   prime retail frontage.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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