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> I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

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Spanky
#1 Yesterday 00:55:18

I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

The store would have a name like "Try Fine Things".

I'd charge people to try expensive booze and expensive headphones.

I'd also sell those items, but I won't be able to compete on price so the primary revenue stream would be the "try it" business.

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#2 Yesterday 00:58:59

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

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SamplesBoi
#3 Yesterday 01:29:18

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

It's not a terrible idea.  What's what high class hotels do in some ways.  Car places that rent expensive cars for a day, etc.

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SamplesBoi
#4 Yesterday 01:36:33

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

I would call it "Epi Curious?"

I see there is already a brand called Epicurious though so that might be a problem.

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#5 Yesterday 01:37:01

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

This type of business WILL give you the diversity you so deserve.

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Ook!
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#6 Yesterday 01:53:28

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

I dare you to open this store in a black neighborhood.

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SamplesBoi
#7 Yesterday 02:00:18

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

wrote:

I dare you to open this store in a black neighborhood.

That makes no sense.  This idea requires patrons that have money.

Ideal place is actually The Forum Shops at Caesars Palace.

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Spanky
#8 Yesterday 02:05:01

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

wrote:

I dare you to open this store in a black neighborhood.

Sure. Are there any black neighborhoods with the right high-income demographics?

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#9 Yesterday 02:20:06

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

Spanky wrote:

Sure. Are there any black neighborhoods with the right high-income demographics?

Chicago: Sedgwick St, between Division St & Blackhawk St.

You'll have a black neighborhood to your west (Cabrini Green), and a wealthy neighborhood to your east (Gold Coast).

Let's see who shows up at your store.

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#10 Yesterday 02:25:03

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

Spanky wrote:

Sure. Are there any black neighborhoods with the right high-income demographics?

obongobrary.jpgobamacashrain.gif

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#11 Yesterday 02:36:02

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

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Sockpuppet
#12 Yesterday 02:41:08

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

wrote:

Chicago: Sedgwick St, between Division St & Blackhawk St.

You'll have a black neighborhood to your west (Cabrini Green), and a wealthy neighborhood to your east (Gold Coast).

Let's see who shows up at your store.

That’s not very convenient for me. I live in the western suburbs.

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#13 Yesterday 02:47:20

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

Retail is dead.  OTOH, retail space should be cheap.

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#14 Yesterday 03:26:06

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

I think Tom’s old Sauce Empire retail space is still empty.

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#15 Yesterday 03:32:04

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

I think technology has already superseded your market for the bulk of that segment. There are a few headphone/speaker matching apps and platforms already that those wanting to "experience" a premium soundstage can easily access with their computer or phone. The great bulk of that segment will go that route. Certainly 2 or 3 out of say a hundred might be inclined to pay for physically trying out headphones. Like you, buying a headphone collection. How many of your kind of consumerism are out there to sell a product or service to that will not use the existing technology? The final word will prove to be that without training and acclimated listening skills, 95% of consumers won't the know the difference.
I doubt there is the volume to sustain such a business.

Maybe if it's like a sidewalk weed bodega w/headphones. But of course they will just get stolen. lol

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#16 Yesterday 03:42:57

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

How hard is it to get a liquor license?  What kind of music?

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#17 Yesterday 03:56:35

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

Put it here:
chicongo2023.jpg

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.,
#18 Yesterday 04:04:09

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

Spanky wrote:

The store would have a name like "Try Fine Things".

I'd charge people to try expensive booze and expensive headphones.

I'd also sell those items, but I won't be able to compete on price so the primary revenue stream would be the "try it" business.

Starting a retail store is extremely difficult - it requires engagement with the local community, assessing the retail space, and integration with local chambers of commerce. You barely leave your house.

I can try headphones for free from Amazon. I can try high end liquor at the local bar.

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SamplesBoi
#19 Yesterday 04:38:33

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

How about a range with high class handguns in the back?

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Sockpuppet
#20 Yesterday 06:59:57

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

SamplesBoi wrote:

How about a range with high class handguns in the back?

Not a bad idea. Booze and guns and good music!

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Winkypop
#21 Yesterday 07:34:48

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

High end:

- phones
- liquor
- cat toys
- parts agent for Elgin Sweeper Co

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Sockpuppet
#22 Yesterday 08:37:17

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

Winkypop wrote:

High end:

- phones
- liquor
- cat toys
- parts agent for Elgin Sweeper Co

And lawnmower pulleys!

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Suck it Liberals!
#23 Yesterday 08:39:31

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

Spanky wrote:

The store would have a name like "Try Fine Things".

I'd charge people to try expensive booze and expensive headphones.

I'd also sell those items, but I won't be able to compete on price so the primary revenue stream would be the "try it" business.

SOUNDS STUPID!!!

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#24 Yesterday 13:00:45

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

Tom doesn’t approve.

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#25 Yesterday 18:21:04

Re: I Have An Idea For A Retail Store. Should I Exit My SPCX Position And Open A Store?

SamplesBoi wrote:

Ideal place is actually The Forum Shops at Caesars Palace.

What's the monthly rent for a storefront at the Forum shops?
\
snicker

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