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Archive for October, 2018

Think I'll Pass   no comments

Posted at 1:12 am in commentary

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Written by ted on October 13th, 2018

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Spring Valley Liquor Store & Party Shop, 8712 Two Notch Road   no comments

Posted at 12:10 am in closing

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I kind of like the folklore quality of identifying liquor stores with red dots. I think it was more a legal thing, at least at one time, than were the barber pole, the pawnbroker's trio of balls and the medical cross & caduceus, but it falls in that category nonetheless. Anyway, this store, not far from the antique mall, is listed in the 2018 phonebook, so it either closed this year, or after listings closed last year.

Written by ted on October 12th, 2018

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Mattress Firm, 131 Harbison Boulevard Suite A: Fall 2018   7 comments

Posted at 11:36 pm in closing

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Apart from all the conspiracy theories, apparently the ubiquitious Mattress Firm just thought that Nothing succeeds like excess. It's not always a terrible business model. For instance, if you see two Circle K stores located across from each other, the thought is that This is a busy intersection, and *somebody* is going to put a gas station across from us to catch cars going the other way -- it might as well be *us*.

It can be more problematic for something like mattresses, which aren't a convenience purchase, or as the Houston Chronicle puts it:

Why store-on-every-corner strategy didn’t work for Mattress Firm:

Mattress Firm, as it gobbled up rivals and tripled its store count to more than 3,300 locations, seemed to have a storefront on every block — sometimes two storefronts. In its quest to become the biggest player in the $15 billion U.S. bedding industry, it pursued a strategy of clustering shops close together with the aim of crowding out competition.

It didn’t work.

The Houston retailer said as much when it filed for bankruptcy Friday, acknowledging that it operates too many stores and plans to shutter as many as 700 locations as it tries to get out from under $3.2 billion in debt through its Chapter 11 filing, which allows companies to restructure operations and finances while protecting them from creditors.

“I think they’re humbled,” said Seth Basham, an analyst with Los Angeles-based Wedbush Securities. “They grew far too fast with ambitions to be a national retailer.”

The Wall Street Journal has some more details including that the crisis is a world wide one in some sense:

The bankruptcy marks a rapid fall for the once high-flying bedding retailer and Steinhoff, the South Africa-based retail conglomerate that has been called “Africa’s IKEA.” Steinhoff, whose purchase of Mattress Firm marked its entry into the U.S. market, has been caught up in an accounting scandal that erupted in December. Its creditors, who hold billions of dollars of the company’s bonds, agreed to suspend all payments on its debt for three years. Steinhoff is expected to launch a debt restructuring for its European business in the U.K. later this month.

Commenter Andrew supplies a link that lists the South Carolina stores affected (so far). For the record, they are:

7381 Rivers Ave., Ste 102 Charleston SC
131 Harbison Blvd., Ste 100 Columbia SC
6208A Garners Ferry Road Columbia SC
106 Percival Road, Ste 100 Columbia SC
5075 Sunset Blvd Lexington SC
2391 Dave Lyle Blvd, Suite 106 Rock Hill SC

This particular store is next to Jimmy Johns, more or less near the top of the Harbison hill going towards Saint Andrews Road. As of yet, they have not posted any closing signage.

(Hat tip to commenter Andrew)

Written by ted on October 10th, 2018

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Generations Bakery & Catering / Hungry Moments, 1583 Broad River Road: 2017   no comments

Posted at 11:08 pm in closing

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Well, I find this a bit surprising: I go by Boozer Shopping Center fairly frequently, but somehow I entirely missed a new restaurant in there until it had already closed.

It appears that down-home/soul-food joint Hungry Moments started sometime around April 2016, and lasted at least until March of 2017, when the last Yelp review appears. The reviews are mixed, but it seems if you hit it at the right time, you could get a good old-fashioned Southern meal.

I also apparently missed the previous tenant in this slot, Generations Bakery & Catering.

Jim Hudson Hyundai, 310 Greystone Boulevard: June 2018   3 comments

Posted at 11:58 pm in closing

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Commenter James R notes the sale of Jim Hudson Hyundai on Greystone to Peacock Hyundai as of June.

This is just down from the old Stivers location, but unlike that closing, will not be taking a new car dealership off Greystone, which, I think, used to have quite a few more than it does now.

I do find it a little interesting in that Peacock is a bit of an unusual name for a dealership, which tend to have a human name (usually a man's) associated with the brand.

(Hat tip to commenter James R)

Written by ted on October 8th, 2018

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Garden Bistro, 1303 Assembly Street Suite B: 12 September 2018   1 comment

Posted at 12:22 am in closing

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Well, the door sign is true and misleading at the same time.

I have to say I was not really aware of either incarnation of The Garden Bistro, but The Free Times says the closing was announced on 12 September 2018.

I've never been quite sure what to make of this odd little strip of retail and services on Assembly. I don't think I've ever been inside any of them. I do have it in my mind one of the former tenants was big in bringing down the Blue Laws.

(Hat tip to commenter Payne)

Written by ted on October 6th, 2018

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Vacumart, 945 Lake Murray Boulevard Suite D: August 2018   no comments

Posted at 10:20 pm in closing

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I have been to this strip fairly often for either Moe's or Bruegger's, and I do recall seeing Vacumart here, though I had no reason to visit that store. Commenter Tom mentions that the owner retired early as it was just getting too hard for a local store to compete with Amazon.

I can see that, but about all I can say about vacuum cleaners is If you have an Electrolux, you can pass it down to your children. If you have children..

(Hat tip to commenter Tom)

Written by ted on October 3rd, 2018

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Which Wich?, 1230 Bower Parkway Suite B1: 24 September 2018   1 comment

Posted at 10:25 pm in closing

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As I have mentioned before I have a number of problems with Which Wich, the biggest of wich is I can't frequent a place that doesn't have fresh brewed ice tea.

Regardless of my issues, it does seem that this shopping center has problems keeping restaurants.

(Hat tip to commenter Lone Wolf)

Written by ted on October 1st, 2018

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