Another super Mall for Santiago!!!!

[cobraboy]

BTW Give me example of two products that are alike?

Canned Goya red beans and canned Famosa red beans.

:cheeky:

"Alike" is in the eyes of the consumer; a consumer is not just one thing with one set of attitudes and tastes.

I find airlines pretty much alike. Others swear to difference. I choose the cheapest, door-to-door-costs considered.

It's been shown that under double-blind red-light conditions, where a product cannot be seen, 97% of consumers cannot identify brands of beer *by taste*, although they swear they can before the study. That's why brewers spend bazillions on "lifestyle" ads for product differentiation.

 

[cobraboy]

Pichardo:

Here is the future press release;

Best Buy announced today the opening of its first store in the Dominican Republic

(Minneapolis) Best Buy Co. announced its first store to be built in Santiago, the Dominican Republc's second largest city. The mega mall store is a new concept of Best Buy and to insure profitability it will incorporate the latest hedge fund techniques in its business model.

The announcement came after exhaustive market research provided by Grupo Pichardo that the hedge fund model was the way to successfully conduct business in that country.

When pressed to explain the concept, Pichardo, a spokesman for Grupo Pichardo, indicated that based on the study and the dynamism of the current economy, Best Buy could expect to sell more goods per square foot than anywhere else in the world.

Given the study, financial analysts would then issue major lines of credit, without any personal guarantees, and then Best Buy would sell credit default swaps, an insurance policy model successfully used by the major banks in the US to protect against mortgage default. This would then insure profitability no matter whether they sold anything or not.

Pichardo further indicated that is how the Dominican business model has become so profitable and he has hopes to expand the concept to other Latin American countries, particularly Venezuela.


Respectfully,
Playacaribe2

:cheeky:

Epic.

A tip of my hat to you, sir.

Well played.

 

[nas]

Private capital is not responsible either for a country's infrastructure or social well-being; unless investors so choose.

I too think money laundering is involved in a lot of these mega structures transactions.

Why are some so concerned whether or not the malls are empty and profitable; if the investors don't care why should you?

People do with their money whatever pleases them. Case in point: People spend billions of $$ in pets (mainly dogs and cats) These are just animals. Ironically, people around the world go hungry every day.

Who are we to suggest to pet owners to rethink their priorities?

Disclaimer: I love dogs!

:chinese:

 

[cobraboy]

Private capital is not responsible either for a country's infrastructure or social well-being; unless investors so choose.

I too think money laundering is involved in a lot of these mega structures transactions.

Why are some so concerned whether or not the malls are empty and profitable; if the investors don't care why should you?

People do with their money whatever pleases them. Case in point: People spend billions of $$ in pets (mainly dogs and cats) These are just animals. Ironically, people around the world go hungry every day.

Who are we to suggest to pet owners to rethink their priorities?

Disclaimer: I love dogs!

:chinese:

I would agree.

A few care about the malls from a social alternative use of capital perspective.

The main discussion isn't malls, per se, but whether they represent a vibrant private sector that is supposed to support them. Pic is pretty much alone in that support.

 

[Hipocrito Mejia]

Pichardo:

Here is the future press release;

Best Buy announced today the opening of its first store in the Dominican Republic

(Minneapolis) Best Buy Co. announced its first store to be built in Santiago, the Dominican Republc's second largest city. The mega mall store is a new concept of Best Buy and to insure profitability it will incorporate the latest hedge fund techniques in its business model.

The announcement came after exhaustive market research provided by Grupo Pichardo...

Sorry playacaribe2; but your announcement contains several errors, which I'll gladly correct...

Best Buy will start by selling items out of a small house in Cienfuegos for a year, to build a clientele, before moving on to the mega mall location.

Also, when asked to explain the hedge fund model for successfully conducting business in DR, the spokesman for Pichardo Group responded by saying blah blah blah, blah blah blah, blah blah blah repeatedly, until the reporter stabbed his own ears with icepicks and ran away in a sign of submission to the incessant rants.

 

[waytogo]

Also, when asked to explain the hedge fund model for successfully conducting business in DR, the spokesman for Pichardo Group responded by saying blah blah blah, blah blah blah, blah blah blah repeatedly, until the reporter stabbed his own ears with icepicks and ran away in a sign of submission to the incessant rants.

LMAO...............

B in Santiago

 

[cobraboy]

Sorry playacaribe2; but your announcement contains several errors, which I'll gladly correct...

Best Buy will start by selling items out of a small house in Cienfuegos for a year, to build a clientele, before moving on to the mega mall location.

Also, when asked to explain the hedge fund model for successfully conducting business in DR, the spokesman for Pichardo Group responded by saying blah blah blah, blah blah blah, blah blah blah repeatedly, until the reporter stabbed his own ears with icepicks and ran away in a sign of submission to the incessant rants.

^^^THAT^^^ is some creative, funny poo right there...:cheeky:

Kudos...

 

[Chirimoya]

Why are some so concerned whether or not the malls are empty and profitable; if the investors don't care why should you?

Well.

Purely from the punter's point of view it's inconvenient to have to drift from half-empty mall to half-empty mall to fulfil all one's shopping needs. The whole point of a mall is to have everything or at least as much as possible under one single roof.

From the business-owner's point of view it must be frustrating to set up shop in a moribund mall. Despite what Pich says, I know several people who've had their hopes and plans dashed not so much because of their own deficiencies but because of the short-sightedness of mall management.

From the aesthetic and environmental point of view it's a plethora of blots on the urban landscape where two or three would suffice.

Quality, not quantity please.

 

[SantiagoDR]

Quality, not quantity please.

Hang in there Chiri......

Pichardo has some yet to be released secret plans,
.... that show moving walkways that will link all those malls together.

It's the "Spider Hub Inter-mall Transport" System.

Better known by it's acronym: S.H.I.T.



Don - Santiagobama

 

[nas]

Well.

Purely from the punter's point of view it's inconvenient to have to drift from half-empty mall to half-empty mall to fulfil all one's shopping needs. The whole point of a mall is to have everything or at least as much as possible under one single roof.

So DR should forgo progress not to inconvenience people? I am calling it progress because if half the mall is occupied, then some jobs were created. You should also reserve the right not to wonder into these malls.

From the business-owner's point of view it must be frustrating to set up shop in a moribund mall. Despite what Pich says, I know several people who've had their hopes and plans dashed not so much because of their own deficiencies but because of the short-sightedness of mall management.


There are ample risks going into business. As you stated, if way too many malls have been built a person with a sound business plan should have taken into consideration that half the nation's mall are not fully occupied. As a result, his business venture may not be profitable. The short-sightedness might not be on the part of the mall management.

From the aesthetic and environmental point of view it's a plethora of blots on the urban landscape where two or three would suffice.

Are these malls built on residential areas or commercial spaces. If neighborhoods aren't being destroyed to accommodate these mega structures, then I fail to see your point.

Quality, not quantity please.

Most often this is true.

:chinese:

 

[yapask1]

Zero orphans, but thousands of people that need a new stream of income will get just that, preventing thousands of potential orphans from becoming orphans!

Take Sambil in Santo Domingo as an example. Almost 10,000 people will have a job because of them.

I have never seen any data on the number of orphans that are currently "housed, fed, taught and being provided medical services," but it probably is nowhere near 10,000. If all the people that many of the naysayers here claim to have helped, probably don't even amount to half of that or even a quarter of that. And this is the effect of just one investment, think of the big picture if you will.

That's the irony of it all.

All of these hated malls, attractions, hotels, highways, Metros, hypermarkets, restaurants, etc; are helping way more people than all those organizations that some people here love so much, and more people than all expats are even able to help.

Plus, the help people get via jobs is much better, since they are providing for themselves rather than having someone do it for them.

Jobs in malls are not jobs. Just parasite make pretend jobs that prevent other people from gaining proper employment!

yapask1

 

[nas]

Jobs in malls are not jobs. Just parasite make pretend jobs that prevent other people from gaining proper employment!

yapask1

Having an education, a good set of skills and possibly some money does not give one the right to belittle other people's means of employment.

Que jodienda!

 

[Chirimoya]

So DR should forgo progress not to inconvenience people? I am calling it progress because if half the mall is occupied, then some jobs were created. You should also reserve the right not to wonder into these malls.

If it's not profitable, the benefits are not sustainable - how secure is a job in a half-dead mall? In SD I only go to malls like Bella Vista and Plaza Central because unlike so many others, they actually come close to serving their intended purpose.

There are ample risks going into business. As you stated, if way too many malls have been built a person with a sound business plan should have taken into consideration that half the nation's mall are not fully occupied. As a result, his business venture may not be profitable. The short-sightedness might not be on the part of the mall management.

The cases I'm familiar with involved a certain type of business that was initially guaranteed exclusivity, but when the mall owner realised it was not going to be so easy to let out all his units, he went back on that promise. Legally I have no idea how solid that commitment was, whether it was word of honour or set out in a contract.
Another mall I know where many shops were just about doing OK, until the owner shot himself in the foot by raising the rents, which were crazy-high in the first place resulting in the closure of several businesses.

Are these malls built on residential areas or commercial spaces. If neighborhoods aren't being destroyed to accommodate these mega structures, then I fail to see your point.

Malls may be built on former green areas, and if they're right inside the city they create hubs of traffic congestion, noise and pollution in residential areas; in all cases they use energy and produce waste. It's better from the environmental point of view to have fewer malls of better quality than a large number of semi-deserted ones replicating the same problems in several areas.

 

[the gorgon]

I have no interest is going any farther with my example. I could as easily have used WM or NewwEgg; I chose Amazon.

My point...which you parsed, per usual...is that the "mall" concept is largely going away and Big Box stores have a short shelf life.

The DR is 6-10 years behind the US in utilization of technology, and maybe 20 years behind in distribution. It's just a matter of time.

cobraboy, i have no argument with your assertion that the mall model is over. stick a fork in it. it is done. drop shippers have killed it. i just got a digital to analogue converter through Amazon. a guy in Hong Kong makes them, a few a week, in his basement. only a service like Amazon can help purchasers like me, in buying something like that. with the proliferation of special goods like that, malls cannot keep up. they are finished.

 

[the gorgon]

Hang in there Chiri......

Pichardo has some yet to be released secret plans,
.... that show moving walkways that will link all those malls together.

It's the "Spider Hub Inter-mall Transport" System.

Better known by it's acronym: S.H.I.T.


.
Don - Santiagobama

this topic seems to be bringing out the very best in our resident DR1 humorists. apparently, it is the only rational way of responding to PICHARDO.

 

[RGVgal]

Yay, another mall in Santiago. My family members that live in Santiago never shop at the malls there. When they want to shop they order online or use it as an excuse to travel to the U.S.

I do most of my shopping online. Why waste time, gas, energy going to a mall when I can have the item delivered to my home for the same price or cheaper? I even food shop online and have the grocery store deliver it to me.

B&M stores in the U.S are suffering, why do you think Walmart and Target decided they would no longer sell the Kindle Fire?

"Target said in May that it would stop selling Kindles, though other stores, including Best Buy, Staples and Office Depot, said Thursday they would continue to carry the devices.

Wal-Mart did not specify why it was discontinuing its Kindle sales, but analysts said it was not hard to decipher, given that the retailer will still sell similar devices from companies like Apple, Google, Barnes & Noble and Samsung.

Physical retailers have been worried about customers who browse in stores and then buy from online competitors instead. Displaying the new Kindles encourages that behavior, analysts said. "

http://www.nytimes.com/2012/09/21/b...ping-amazon-kindle-tablets-and-e-readers.html

 

[bachata]

Private capital is not responsible either for a country's infrastructure or social well-being; unless investors so choose.<p>

As my experience I can attest that new malls will remain with very low occupancy during the first two or three years.

<p>I too think money laundering is involved in a lot of these mega structures transactions. <p>
My wife always had the Idea of making an investment in Colinas Mall, Santiago when they first have the open house but I was contrary and that why never did it... Colinas Malls looks to be having a good impact in the business of Santiago north areas today.

<p>Why are some so concerned whether or not the malls are empty and profitable; if the investors don't care why should you?

People do with their money whatever pleases them. Case in point: People spend billions of $$ in pets (mainly dogs and cats) These are just animals. Ironically, people around the world go hungry every day. <p>
Plenty of Dominican who lives abroad invest in DR the money they had earned during many years of hard work

<p>Who are we to suggest to pet owners to rethink their priorities?

Disclaimer: I love dogs!

:chinese:

Just my point of view.

JJ