Is Buehler tacking right? Velo Cult shutters; retail-bar model stumbles.
The OB take on news headlines.
retail
Updated: Long-awaited Capital One Cafe to open in late August
It’s been almost a year since we learned a Capital One Cafe would open in the space formerly occupied by Abercrombie and Fitch on the corner of Southwest Broadway and Morrison.
In rural Oregon, bookstores unite communities in transition
Independent booksellers are seeing a resurgence as big box stores decline.
Credit card practices hurt a pot business
The oversupply of marijuana has led to concerns of mass closures of producers and retailers struggling to make a profit because of falling prices. But it is not just an oversaturated market that has created a difficult environment for Oregon’s pot businesses. Practices in the financial services sector, which is wary of doing business with … Read more
Jewelry stores try to hold onto the sparkle
The jewelry store closure rate of 4% clocked in at an all-time high in 2017. Oregon retailers didn’t buck the trend.
Cyberpunk author Neal Stephenson predicted the future of retail: Less stuff, plenty of food and coding
Neal Stephenson is a prescient guy. In Snow Crash, his hugely popular novel published in 1992, the Seattle cyberfiction writer described an America of the future that excelled at four things: coding, music, movies and high-speed delivery pizza. Twenty-five years later, Stephenson’s list is as good a summary as any of the changes roiling America’s retail landscape. … Read more
Smoky weather clouds downtown PDX businesses
Falling ash and poor air quality meant there were fewer people than usual on the streets of downtown Portland.
Retail snapshot: Co-working, wine tasting, Teslas mark changing environment
Local retailers adapt — or die.
Adidas to sell golf lines
BLOOMBERG: The German sportswear company plans to sell TaylorMade, Adams and Ashworth, but will retain it’s Adidas golf shoes and clothing.
Sports Authority to close all stores in nationwide liquidation
THE OREGONIAN: The sporting goods company will close all stores in the county, including the five in Portland.