Go to Jeff Salisbury LWGate Home Page.From: "Winston Little" <wlittle1@peoplepc.com>
Subject: Re: [CANSLIM] Too Much Building
Date: Tue, 16 Jul 2002 11:47:24 -0400
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There have been a recent significant increase in the number of HD outlets in Detroit. This occurred right after LOW opened three stores in the area. However, my observations is that fewer stores with more check out CASHIERS in each would have better served HD. It is rare that more than two or three cash registers are in operation. Yet, each line often has about ten customers waiting to pay for goods. Each of the lines has someone in it with enough goods to build a small house, or items without price tag (adding to delay). Result is an unwelcome time to get out of the store, especially if one just has one or two items. My rhetorical question: Was the HD decision to build more stores a reaction to the long lines (instead of adding cashiers) or to try to overwhelm any effect that the arrival of LOW might have in the market? - ----- Original Message ----- From: "Duke Miller" <dukemill@tampabay.rr.com> To: <canslim@lists.xmission.com> Sent: Tuesday, July 16, 2002 11:19 AM Subject: RE: [CANSLIM] Too Much Building > We had a similar situation here in Florida shortly after Disney World > opened in Orlando, mid-70's. Hotels up the wazoo. Many went under and > took some S&L's with them. The cause of the problem was simple: ALL of > them did their pro forma business plans on the SAME day!! > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Kent Norman > Sent: Sunday, July 14, 2002 12:48 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Too Much Building > > > Does anyone remember the apartment building boom? I think it was in the > late '80s ? I remember driving past one project after another, Several > friends made the same comment to the effect of "I can't see why they are > still building when the can't fill the ones they already have". Then I > watched as several projects were boarded up and it took about 10 years > for the demand to catch up. > > Now In the Dallas/Fort Worth area, we have a Wallgreens and Eckerd on > opposite corners similar to the way gas stations once were. Home Depot > and Lowes are playing a similar game. I have 3 HDs and 2 Lowes within > about a 6 mile radius. I went to the Lowes last night that is further > from my house just because it has fewer shoppers at the checkouts and I > don't have to wait in line. > > Regards > Kent Norman > > > --- Tom Worley <stkguru@bellsouth.net> wrote: > > I can comment on Miami (FL). Construction is still vibrant, even with > > unemployment over the national average. Roads continue to be ripped > > up, and already congested traffic further disrupted, as more and more > > fiber optic cable continues to be laid. A Home Depot is being built > > only about 4 miles from my home, will save me the longer trip to one > > about 9 miles or so away. Location seems to me ideal, lots of > > apartment and high value residential properties nearby. > > > > ----- Original Message ----- > > From: Alicia Lensing > > To: canslim@lists.xmission.com > > Sent: Sunday, July 14, 2002 11:04 AM > > Subject: Re: [CANSLIM] Too Much Building > > > > > > Gene: > > > > I, too, notice this in Dallas, and thought perhaps it was in part due > > > to the ravages of the telecom corridor in Richardson. However, just > > last evening, we entertained a guest from Miami, as well as one from > > NYC, and the subject of consumer spending arose. I feel like the > > situation you mention is not confined to Dallas. Perhaps all the > > refinane money has been spent, and shoppers are pulling in the reins. > > > > Alicia > > ----- Original Message ----- > > From: Gene Ricci > > To: canslim@lists.xmission.com > > Sent: Saturday, July 13, 2002 9:52 PM > > Subject: [CANSLIM] Too Much Building > > > > > > I've been looking around the Dallas area and all I see is opening of > > > new stores and malls. Of course the old ones are empty. An example is > > COSTCO.... they have 2 stores about 7 miles apart and virtually brand > > new... both have more help than customers. Looks like to thirst for > > market share hasn't taken a back seat to profits. This 'glut' reminds > > of the gas station on every corner, not too long ago. Is it just > > Dallas or is this happening all over? > > > > Gene > > > > > ===== > Opportunities always look bigger going than coming. > > __________________________________________________ > Do You Yahoo!? > Yahoo! Autos - Get free new car price quotes http://autos.yahoo.com > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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