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Re: KC Metro Retail Space Reports
Posted: Fri Jul 15, 2022 5:36 pm
by mgsports
Also who is expanding in area because we know what Restaurants are but not Retail other then Casey's,Quiktrip and so on. Also what Retail that wants to come to area because we no what Restaurants want to.
Re: KC Metro Retail Space Reports
Posted: Sun Jul 17, 2022 7:23 am
by earthling
As Anthony indicated some national retailers are still struggling or not doing well enough to expand.
Inflation Could Bring Retail Bankruptcies Roaring Back After Historically Stable Period
https://www.bisnow.com/national/news/re ... ull-113523
Movie theater chain Cineworld is at risk of default on a debt load over $4B, while mattress conglomerate Serta Simmons Co. is in a similar spot with its $2B in debt, Fitch reports. Men's Wearhouse, 24 Hour Fitness, Billabong parent company Boardriders and sports apparel seller Outerstuff also appeared on Fitch's list of "market concern loans."
For struggling retailers, the current economic environment presents two distinct problems: the effect of inflation on consumers and the effect of the Federal Reserve's interest rate hikes on the cost of capital.
Re: KC Metro Retail Space Reports
Posted: Sun Jul 17, 2022 7:28 am
by earthling
And speaking of movie theaters, US ticket sales are still over 30% lower than before pandemic...
https://www.boxofficemojo.com/year/ytd/
AMC got lucky with the meme stock boost but not stable yet. They've closed some theaters as well, about 50.
https://www.morningstar.com/news/market ... aky-ground
Re: KC Metro Retail Space Reports
Posted: Sun Jul 17, 2022 8:21 am
by Anthony_Hugo98
AMC is still in the red for sure, but they’ve shown substantially more growth in revenue than other theater chains, and they’ve expanded into multiple markets including NYC & LA markets. Those alone have helped to stabilize their balance sheets to at least only losing a few hundred million. I’d imagine they turn a profit within the year
Re: KC Metro Retail Space Reports
Posted: Sun Jul 17, 2022 8:22 am
by earthling
^They are certainly in better shape than other operators thanks to the meme stock boost (like GameStop). Very lucky that happened to them out of nowhere.
Re: KC Metro Retail Space Reports
Posted: Sun Jul 17, 2022 8:27 am
by Anthony_Hugo98
earthling wrote: ↑Sun Jul 17, 2022 8:22 am
^They are certainly in better shape than other operators thanks to the meme stock boost. Very lucky that happened to them out of nowhere.
Oh no question. Would’ve been a real loss for the area had it gone under.
Re: KC Metro Retail Space Reports
Posted: Sun Jul 17, 2022 9:25 am
by earthling
The other challenge theaters have other than pandemic is that the window of movies released to streaming is much shorter than in past. Before streaming ruled, it took about 6 months or more for major movies to hit DVD. Now it seems most hit streaming in 2-3 months or less. That may fluctuate in future but the movie theater industry is essentially controlled by the studios, which is not a good position. Would invest in studios before considering theater operators.