Butters wrote:Jasimm - curious why you want to see stores like ANTHROPOLOGIE leave HPV when they perform better than half the luxury stores there that I never ever see a single customer in. Btw, There isn't a luxury center in the country that can survive with little to no foot traffic. NONE!!!
Mark my words the majority of these stores you love will be gone from HPV in the next 5 years. It will be Just like the 90's all over again.... ALL Retailers need foot traffic to survive, excluding Hermes who is the only retailer who seems to do well no matter where they locate. The interesting question is how much money hermes is missing in Dallas, Houston, Atlanta and Miami where they could be in locations with much more dominant sales in luxury.
That was all over the place from Antro HP Village, to foot traffic concerns, to Hermes sales/store locations, but anyways this is uncharted territory for Dallas it will all be a learning experience. As the city grows, and the interest of brands opening in our centers expands, it will take time to figure out the set of stores that will prosper. Some will come and some will go but HP Village has changed and will remain its setting as a luxury center.
I have nothing against Anthropolgie, but Dallas already has one down the way at Northpark, plus locations in Plano, Southlake, Fort Worth, and coming soon to Frisco. It would be great to see a renovation of the Antho space into smaller stores bringing more Dallas exclusives to market.
The times I have been shopping at HP Village the parking lot is packed, and the shops all have people in them so I think the foot traffic is fine. They have curated a selection of stores that have an established selling history in the area and have seen high demands for stores to open. The foot traffic is also unseen via online or phone orders, most stores like this have private consultations or make home visits and sell a lot behind the scenes to high profile customers.
Looking at Downtown Dallas, foot traffic has never been stellar yet Neiman Marcus has remained an anchor of downtown retail for decades, and now we have seen the expansion of luxury shopping with Forty Five Ten, Traffic LA, Taschen, TenOverSix, etc. The demand is there even if the foot traffic is not what you see, sales are happening so stores will keep opening.
Hermes is placed in some of the most high income household neighborhoods in the country, they invest millions into store research and would not open a new store unless they perceived it as a need and concluded it would be profitable. Hermes Dallas is in a perfect location with the recent expansion they have private in store/balcony parties and events, something that would be impossible to hold at Northpark due to space constraints. Hermes Houston is in the new River Oaks Center which was a great move from the previous location off a lonely road, it will be interesting to see how it does with the new luxury center companions as I have heard rumors River Oaks District is failing. Hermes Miami is situated deep in the heart of the Miami Design District, a large bustling cultural arts center with hundreds of stores and galleries. They draw residents from all over the world and the MDM has seen some of the most exclusive retailers opening for the first time to the US beating out NYC or LA, so I am sure Hermes thought it a good place to open a Flagship store. Bal Harbour Shops is overcrowded and waitlist for rents is too long due to limited space, Hermes saw an opportunity and took it at MDM.