Sunday, October 08, 2006

The Best Buy Solution

If you haven't heard, most Tower Records stores area going away. It is still unknown if the one at Sherman Oaks Galleria will go away or not, but if it does, it leaves a huge gaping space at the mall.

What to do? What to do?

I've never agreed with the anti Best Buy movement, but here's a solution: kick it to the Galleria and use the Van Nuys Blvd. location for something that will make traffic even worse - IKEA.

Just kidding.

But what I would really like to see at the Van Nuys Blvd. location is another Whole Foods. We'll call it Whole Foods - Sherman Oaks Central.

Okay no.

If I really had my choice of what would go right there instead of Best Buy, it would probably be some kind of entertainment area. I'm thinking live theatre and/or a concert venue of some sort.

The Sherman Oaks Playhouse? Nothing like a little competition for the Whitefire Theater.


Anonymous said...

I agree about Whole Foods needing a new location. The parking at both Coldwater/Riverside and Sepulveda/Ventura is awful. I sometimes cannot stand the idea of fighting the SUV's and obnoxiousness in those parking lots and choose to shop elsewhere.

Steven Rosenberg said...

I'm betting a Barnes & Noble will move in. Borders is down the street, and B&N needs a counter-presence in this part of the Valley.

Whole Foods would be an interesting choice, but they won't go for a two-story location, and they've had ample chance to rent actual supermarket space and consolidate their two smallish S.O. locations. Compare both, especially S.O. "East," to what they have in Woodland Hills (or any other WF in the country), and they're losing revenue big time. Of course, their S.O. East rent is probably low enough to compensate.

And if WF isn't concerned with the quality of employees they have -- and believe me, they're nowhere near Trader Joe's on that score -- why should they worry about such paltry things as parking and square footage?

Back to the Galleria space ... could be Barnes & Noble, Crate & Barrel, even an uber-Gap or Old Navy -- there are lots of possibilities, given that the Sherman Oaks/Studio City/Encino area, teeming with moneyed residents, is woefully underserved when it comes to mall-type retail.

Wrecktum said...

The Galleria location is too small for a Best Buy (which is nothing more than a typical big box retail that needs a ton of sq footage).

Frankly, I think the Galleria is screwed. It's a tough location for retail to begin with (some spaces have been empty since the place opened in 2001). I can't think of a single large retailer that would be a good fit for Tower's current location. The Gap failed at La Reina. Barnes and Noble is a few miles away in Encino. Crate and Barrel's merchandise is too bulky for a retail location with no close parking.

Maybe a Valley outpost of Ameoba Records?

Freudian Slip said...

Please oh please, no more IKEAs! We have one and it makes traffic a real nightmare! (plus my wife just loves to spend money there)

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