While Walmart refuses to say if, when or where it might finally open a store within the five boroughs, one of its favored sites is the Related Company’s Gateway Center Mall in the far reaches of Brooklyn. The area is economically depressed, meaning the cheap jobs and cheap merchandise are (theoretically) desirable. The Retail, Wholesale and Department Store Union sees Walmart jobs as junk, and they have been campaigning against the store since it resurfaced a two years ago.
Today, they made things personal, not just with Steve Ross, Related’s founder and CEO, but also his more than 7,200 tenants in the New York area.
Road RageWalmart Wars
Our colleagues at the Politicker dig into a new Quinnipiac poll, which has some interesting results for us over on the real estate desk, namely Bike Lames and the Walmart-osaurus.
Most of the talk about Walmart opening a store in New York City has focused on outlets at the edges of the outer boroughs or possibly small stores scattered here and there. But what if the big-box retailer opened a store in the heart of Manhattan?
That is the real possibility presented by Read More
While working on our Walmart post earlier today, The Observer wondered just how much that impressive sounding $165 million was actually draining from the city’s tax coffers. We did a little poking around but to no avail. Enter our heroes at the Drum Major Institute.
They point out that the city’s total taxable Read More
Among the laments for the Death of New York is the disappearance of many of the mom-and-pops that once lined the city’s streets. As bank branches and pharmacies and Marc Jacobses have descended on the city, the small-time merchants have fallen prey. Now they may be facing their biggest threat yet, Read More