Blue Mall SD Expansion

MiamiDRGuy

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May 19, 2013
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Have you ever been into a Tiffany store? A single little bracelet would would be priced for thousand of dollars before taxes, way more than the initial deposit to buy or rent a typical apartment.

What’s the monthly rent for a retail place in such a mall? With 1 or 2 sales, the store could very well be sbove breakeven for that month.
I was informed to rent a office suite for 8 rooms, conference room with all utilities included runs for $7500USD a month on 4th-8th floor in the middle of the building where the hotel resides. The agent told me one store in the Blue Mall runs approx. $10,000USD to $15,000USD a month.
 
Nov 9, 2023
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Have you ever been into a Tiffany store? A single little bracelet would would be priced for thousand of dollars before taxes, way more than the initial deposit to buy or rent a typical apartment.
No I haven’t and probably never will. I am the type that would spend that amount of money on tools and make stuff myself.
But I understand that with high priced items you don’t need many sales…
 

RDKNIGHT

Bronze
Mar 13, 2017
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No I haven’t and probably never will. I am the type that would spend that amount of money on tools and make stuff myself.
But I understand that with high priced items you don’t need many sales…
I rather spend my money on 5 star travel than to but something in a blue box
 

JD Jones

Moderator:North Coast,Santo Domingo,SW Coast,Covid
Jan 7, 2016
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Jewelry doesn't get the same respect as it did years ago. It isn't impressive.

Give a necklace to most women these days and it will either go in a box on the dresser or be taken to the pawn shop.

I have lots of gold stuff I never wear and I'm not sure what to do with it.
 
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keepcoming

Moderator - Living & General Stuff
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I am thinking that those who can afford to shop at Tiffany's probably do it privately.
 

Big

Well-known member
Apr 24, 2019
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I honestly wonder why they have decided to open there. I know there is money in SD but is there really enough to keep a store that size open, without any tourists? I guess if they can make it in Colombia they can make it in DR but seems like a gamble to me.

Every time I walk around Blue Mall the shops are completely empty but there are plenty of people sitting in the cafes making sure that everyone sees them in Blue Mall. I must be going on different days to #Big
Clearly! Maybe they are all actors walking around with shopping bags. I recently purchased a pair of shoes from the Cole Haan store. Several people were trying on shoes.
 

JD Jones

Moderator:North Coast,Santo Domingo,SW Coast,Covid
Jan 7, 2016
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I can tell you one thing - go to any mall here in your car and try to park in the parking area provided. Doesn't matter which one.

Even though most parking areas have elevators, people will back up everyone behind them waiting for someone to back out of a space, even though the top floor may be almost empty.
 

MariaRubia

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Jun 25, 2019
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I can tell you one thing - go to any mall here in your car and try to park in the parking area provided. Doesn't matter which one.

Even though most parking areas have elevators, people will back up everyone behind them waiting for someone to back out of a space, even though the top floor may be almost empty.

Yes I agree, the car parks are full, the food courts are full, the gyms are full, the banks are full but hardly anyone seems to be buying anything. We walked around Downtown Mall the other day and I counted five or six shops completely empty with zero customers (this was late afternoon when the mall was buzzing). Everything is so expensive in DR now compared to other countries I can understand why mind you.
 
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FF1

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Dec 17, 2022
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SD area has around 5 million people, let's assume only 1% have money to burn, that's 50.000 people, enough to keep all the high end stores and the clubs and all the TUROs and the SBGs filled every day. Now add to that the tourists (especially the ones from Colombia and Venezuela 🤫) then the Dom-Yorks, then rich Dominicans from other parts of the country... There is a lot of money in SD.
 
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NALs

Economist by Profession
Jan 20, 2003
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SD area has around 5 million people, let's assume only 1% have money to burn, that's 50.000 people, enough to keep all the high end stores and the clubs and all the TUROs and the SBGs filled every day. Now add to that the tourists (especially the ones from Colombia and Venezuela 🤫) then the Dom-Yorks, then rich Dominicans from other parts of the country... There is a lot of money in SD.
The DR’s upper class numbers around 500K and add to that the upper middle class which tends to have a high consumption rate, that’s another 1.5 million +/-. In general, those are the ones wuth a higher standard of living than their counterparts in developed country (naturally that also includes most tourists to the DR, which is a concept many tourists think is impossible since the perception they get is that the have a better lifestyle than pretty much everybody in the DR.

The rest are lower middle class (3 million), poor and really poor. Most have a lower standard of living than their counterparts in developed countries and the Dominicans tourists tend to meet are within one of those groups. The rest are invincible or they have the tendency to underestimate their true size and their lifestyles. To put it simply, they’re clueless.

Their is slso the tendency to lower your own perception of where you are. Many people that think of themselves as “middle class” are in fact upper class. Many that have moved up continue to think of themselves as “poor” (these are the “poor” that have everything, lol.)
 

FF1

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Dec 17, 2022
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...most tourists to the DR, which is a concept many tourists think is impossible since the perception they get is that they have a better lifestyle than pretty much everybody in the DR.
There is group of people in DR who live as good as any oil sheik in the middle east. There are few galleras in DR (I've been to one in STI) where people regularly bet a million pesos on a fight, and if they lose they bet another million on the next fight, they can easily bet a year's salary of any tourist visiting from USA or Canada in a single afternoon. And those guys are not even the riches of the rich.
 
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Big

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Apr 24, 2019
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LVMH products are all over Blue Mall. They do not operate on bulk sales like Walmart or Target. They sell exclusive products. Obviously, the people that make the financial decision to open retail stores in Blue Mall did not do it on a gut feeling. They do financial analysis on complex biorhythms. They know how much money people in the area have in the bank.
 

El Hijo de Manolo

It's outrageous, egregious, preposterous!
Dec 10, 2021
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LVMH products are all over Blue Mall. They do not operate on bulk sales like Walmart or Target. They sell exclusive products. Obviously, the people that make the financial decision to open retail stores in Blue Mall did not do it on a gut feeling. They do financial analysis on complex biorhythms. They know how much money people in the area have in the bank.
I divert from my usual thumbs up here, because the use of biorythms in marketing analytics was really a trend of the late 70s early 80s. They have very little scientific clout.
 

Big

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Apr 24, 2019
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I divert from my usual thumbs up here, because the use of biorythms in marketing analytics was really a trend of the late 70s early 80s. They have very little scientific clout.
On that note, I usually make my life and business decisions on the color of my "mood" ring after a good workout on my "ThighMaster".
 
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FF1

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Dec 17, 2022
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On that note, I usually make my life and business decisions on the color of my "mood" ring after a good workout on my "ThighMaster".
You must've read George Soros' book "The Alchemy of Finance", in that book he says he made a lot of his investment decisions based on how much his back hurt that day 😂
(Of course he wasn't gonna admit that CIA funnelled their money into his fund to "spread democracy" all over the World 🤐)
 
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STI_JFK

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Jul 7, 2024
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I can tell you one thing - go to any mall here in your car and try to park in the parking area provided. Doesn't matter which one.

Even though most parking areas have elevators, people will back up everyone behind them waiting for someone to back out of a space, even though the top floor may be almost empty.
That is so true
 

MariaRubia

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Jun 25, 2019
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LVMH products are all over Blue Mall. They do not operate on bulk sales like Walmart or Target. They sell exclusive products. Obviously, the people that make the financial decision to open retail stores in Blue Mall did not do it on a gut feeling. They do financial analysis on complex biorhythms. They know how much money people in the area have in the bank.
Algorithms. Not biorhythms they are completely different
 
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El Hijo de Manolo

It's outrageous, egregious, preposterous!
Dec 10, 2021
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Algorithms. Not biorhythms they are completely different
Biorhythms were used a lot in the later 70s and early 80s in attempts to identify and predict consumer buying patterns. However the main issue with this method is the lack of empirical data. Biorhythms are not based on the scientific method. Today we use advanced software to model a consumer population, target market. The software uses partial differential equations such as those used to model the futures market. Varibales fed into the models include psychographics and demographics, among others. Studies have control populations such as in pharmaceutical studies. Biorhythms are in fact still used, but only in very few cases and do not have the support of the scientific community. An algorithm is any process mechanically or digitally mapped out. So the use of biorhythms in marketing analytics follow a defined set of algorithms, yes. This is in fact a very good topic.