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| Post Number: 21
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fatbastard
Unregistered
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Posted on: Dec. 29 2003,12:50 pm |
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Doesn't sound like many retailers in our area had a decent Christmas. Guess not that many folks from 50 miles out came in to shop?!? Why is that Mayor Eaton? I thought we were a regional shopping center with a 50 mile draw?
no economic recovery here
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| Post Number: 22
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guest
Unregistered
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Posted on: Dec. 29 2003,12:58 pm |
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I for one can't stand the new wal-mart. I go to the other local stores more now than before. The little extra I will pay for something is worth it when I need just a couple of things. It takes a half hour just to run in and grab what you want and get out of the wal-mart. If the local business were smart they would promote that more to lure more people to their stores. It is something called convienence.
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| Post Number: 23
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cpu_slave 
Group: Members
Posts: 297
Joined: Aug. 2003
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Posted on: Dec. 29 2003,3:18 pm |
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| Quote | | it was Reagan and his administration that set things into motion, any and all changes to an economy take about 8-10 years to show any effects... |
Are you high? Oh I know, you are the typical Republican who spouts party line verbatim because I have heard and smelled all of this B.S. before. If what you said was really the case then I guess we have Bush the first to thank for the current mess, and we can directly credit Carter for the economic gains in the mid-late 80’s. I guess that also means that the current bushes tax cuts will do nothing until 2010 or so. Listen, the economic prosperity in the mid-late 90’s was due to the skyrocketing tech sector and not some ‘trickle down economics’ enacted over a decade before. Clinton deserves no credit for this, he just happened to be living in the Whitehouse at the time. You do, however, have to credit some of Clinton’s fiscal policies for shoring up the deficit and creating a surplus which the current administration has pretty much flushed away.
As far as the Walmarts of the world, as a consumer you need to remember you get what you pay for. Sure, I occasionally shop at the box but usually because they specifically have something that no other retailer in town has. As far as electronics, Walmart does not compare! Their electronics products are sub-par, and even the high-dollar merchandise they peddle is still no match to what other smaller stores carry. George, unfortunately the people who purchase computers at the box store really have no idea what they are getting into and obviously know too little about them to make an informed choice.
As time goes on, many smaller stores are not going to be able to compete with the “bigger and better” box and go out of business. You can already see the beginnings of this at NorthBridge as evidence.
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An age is called Dark, not because the light fails to shine, but because people refuse to see it.-James A. Michener
Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.-Albert Einstein
Wise men learn more from fools than fools from wise men.- Marcus Cato
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| Post Number: 24
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BeBack
Unregistered
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Posted on: Dec. 29 2003,3:39 pm |
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Don't forget the effect of the internet. Every year sales on the internet have grown over the previous year. It offers self service with plenty of information. It affords the consumer to be a purchaser rather than being sold to. This year even Wal-Mart felt that its sales during Christmas were affected by it. Lastly (Mayor Eaton will not like this one) no sales tax!
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| Post Number: 25
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GEOKARJO
Google This!!!
Group: Members
Posts: 7799
Joined: Aug. 2003
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Posted on: Dec. 29 2003,3:45 pm |
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As a business owner I have a lease at the Mall untill Dec 31, 2004. Currently cost 13 dollars a square foot to be here. So in other words the first 3000 dollars in sales go toward rent and utilities each month if you had 1000 square feet. Yes declining sales mean more business leaving the Mall.
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| Post Number: 26
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dinkums
Unregistered
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Posted on: Dec. 29 2003,4:49 pm |
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How in the Sam Hell can you even make a profit paying out $3000 cash money each and every month?
That doesn't even sound possible. What are you going to do, stay in business until all the money is gone?  LOL
One million to $400,000 to $45.54 in just a few short years.
You better think about getting a second job cooking and Wendy's or something. I'd hate to see you miss a payment to the mall.
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| Post Number: 27
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jimhanson
Group: Moderator
Posts: 8491
Joined: Aug. 2003
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Posted on: Dec. 29 2003,5:04 pm |
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Something doesn't add up here| Quote | | Currently cost 13 dollars a square foot to be here. So in other words the first 3000 dollars in sales go toward rent and utilities each month if you had 1000 square feet. |
Thirteen dollars a square foot times 1000 square feet=$13,000 a month.
"The first $3,000 in sales go toward rent and utilities each month"? If you had a 33% margin, that would only be $1,000 per month--if you meant that $3,000 was the cost of rent and utilities, that would take the profit from the first $9,000 in sales at that margin. If the cost of rent and utilities is $3,000, and you have 1000 square feet, that's $3 per square foot.
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"If you want to anger a Conservative, tell him a lie. If you want to anger a LIBERAL, tell him the TRUTH!"
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| Post Number: 28
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guest
Unregistered
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Posted on: Dec. 29 2003,5:11 pm |
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no wonder geo's business is in bad shape. The poor chap can't do simple rithmatic.
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| Post Number: 29
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kid dyn-o-mite
Unregistered
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Posted on: Dec. 29 2003,6:08 pm |
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George should donate what's left of his $1,000,000 to Partnership for a Drug Free America. He just may end up a major contributor right up there with Anheiser Busch.
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| Post Number: 30
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Lil Pimp
Group: Members
Posts: 62
Joined: Oct. 2003
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Posted on: Dec. 29 2003,7:01 pm |
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As I read the Trib, Herald & this site, it always amazes me what a differance 50 miles makes.
Excerpts from Mankato Free Press:
Residential construction in the city ran at a record pace in 2003. It’s the third straight year of record numbers for new housing, and city officials said they are “cautiously optimistic” that the building boom will continue through 2004.
It will be hard to beat this year’s numbers.
Not including December’s building permits, there were 222 new houses, with a total value of more than $31 million, built in Mankato in 2003.
Another 191 townhouse units were built this year, compared to only 34 units last year, a 461 percent increase.
The value of the townhouses built this year is also up nearly fourfold, increasing from about $3.9 million last year to more than $18.6 million so far this year.
The National Association of Home Builders is predicting a record year for home construction nationwide in 2003, and another busy year in 2004.
The demand is being driven by low mortgage rates, a key component in the association’s predictions for next year.
Pat Hentges, Mankato city manager, said the rapid home-building pace in Mankato is also a solid sign that the city is growing.
Commercial building is down nearly 60 percent, with about $6.6 million in construction this year compared to more than $16.4 million last year.
The economy has contributed to that, said Paul Wilke, River Hills Mall general manager.
But Mankato is still a strong regional retail market that is growing, he said. When the mall opened 10 years ago, the average customer visited 40 times per year. Now the average customer visits the mall 58 times per year.
Those averages tell Wilke that more customers live in what he describes as a “daily driving distance.” And more new houses means a higher demand for furnishings, appliances, electronics and other products, he said.
And that’s something retailers look at when they’re thinking about expanding into new markets, something they’ve been doing less since the economy slowed down a couple years ago, Wilke added. And there’s more outside businesses inquiring about what retail space is available in Mankato than there was a year ago.
“We expect Mankato is going to continue growing,” he said.
“I think everybody kind of weathered the storm and is looking for areas to expand where it makes sense to expand. We still think Mankato is under-developed.”
Bob Tonneson, owner of Tonneson Realty, suspects Mankato will see more growth.
He’s been involved in several large residential developments around the city and is also listing several prime commercial properties.
Mankato is on the radar screen of developers in the Twin Cities area and St. Cloud, and demographic studies have shown that more growth is coming Mankato’s way, Tonneson said.
“We’re ready to explode,” he said.
Tim Lidstrom, an established commercial real estate agent, said he expects to see some commercial building next year.
The state’s new JOBZ program could mean some new industrial construction in Mankato, Lidstrom added.
The program, which gives tax incentives to industrial businesses locating in certain areas, will almost certainly result in new construction for the region, he said.
Three new industrial plants, with a total value of just over $1 million, were built in Mankato last year. They included the new Viking Electric and Pneumat Systems plants.
From:
Building boom continues
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