Hudson Trail Outfitters going out of business

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  • October 27, 2015 at 3:30 pm #1040123
    PotomacCyclist
    Participant

    The Pentagon City location has now closed for good, although they still have the “Now Hiring Part Time Positions” signs on the front doors.

    I saw that the former LA Fitness/Bally’s gym has also closed in Pentagon Row. So now there are two very large empty retail spaces at the development. At least both of those spaces are on the 2nd floor. The restaurants on the ground level usually appear busy.

    As for REI, they announced that all of their stores will be closed on Black Friday, in order to encourage people to go and enjoy the outdoors, instead of staying inside shopping and focusing on consumerism. They won’t process online orders on Black Friday either.

    I may have to make an extra effort to buy something at REI this year. They aren’t discovering the path to world peace but I think it’s a nice step back from the frenzy of holiday shopping (where some people will stampede and fight to grab a hot item). I’m sure I can find some sort of running, winter or hiking gear there. (Construction is ongoing at the Uline Arena site in DC, but the REI flagship store won’t be ready to open for about a year.)

    http://www.usatoday.com/story/money/2015/10/26/rei-closing-on-black-friday-for-first-time-in-its-history/74627872/

    October 27, 2015 at 4:12 pm #1040126
    ShawnoftheDread
    Participant

    @PotomacCyclist 126825 wrote:

    As for REI, they announced that all of their stores will be closed on Black Friday, in order to encourage people to go and enjoy the outdoors, instead of staying inside shopping and focusing on consumerism. They won’t process online orders on Black Friday either.

    I may have to make an extra effort to buy something at REI this year.

    http://www.usatoday.com/story/money/2015/10/26/rei-closing-on-black-friday-for-first-time-in-its-history/74627872/

    Gimmicks can be effective.

    October 27, 2015 at 4:42 pm #1040128
    TwoWheelsDC
    Participant

    @ShawnoftheDread 126829 wrote:

    Gimmicks can be effective.

    Probably doesn’t feel like a gimmick if you work there.

    October 27, 2015 at 5:02 pm #1040132
    ShawnoftheDread
    Participant

    Feels don’t change facts.

    October 27, 2015 at 7:52 pm #1040138
    PotomacCyclist
    Participant

    I think it’s already getting a lot of people to pause and think about it. No, it won’t change the world but I think it’s more than just a gimmick. They are taking a mild risk, which makes it more than just a PR stunt. For a retailer to close on one of the busiest shopping days of the year is a moderately bold move.

    October 27, 2015 at 8:18 pm #1040142
    GovernorSilver
    Participant

    When I first got that email from REI, i was hoping there would be that sale I’d been coveting – like $50 for a pair of Chrome Storm shoes (in stock and in my size) – no preference between Storm Kursk or Storm Other Thing – associated with the Black Friday closing somehow, but alas…

    October 27, 2015 at 9:35 pm #1040150
    mstone
    Participant

    REI is probably in a better position than most to experiment with something like this: their customer base will probably just shop on a different day. If a few other retailers follow, the whole industry will probably abandon the excess. (It’s not clear that it’s been very profitable anyway.)

    October 27, 2015 at 11:30 pm #1040155
    trailrunner
    Participant

    @mstone 126854 wrote:

    REI is probably in a better position than most to experiment with something like this: their customer base will probably just shop on a different day.

    REI is also a non-profit co-op. They don’t have to answer to shareholders demanding maximum profit. The only effect that it might have is to lower my dividend from 9.8 percent to 9.7 percent. I can live with that.

    October 28, 2015 at 12:19 am #1040158
    ShawnoftheDread
    Participant

    They’re a co-op, but not a non-profit. Note that you just mentioned your dividend, a form of profit distribution.

    October 28, 2015 at 12:46 pm #1040173
    mstone
    Participant

    @trailrunner 126859 wrote:

    REI is also a non-profit co-op. They don’t have to answer to shareholders demanding maximum profit. The only effect that it might have is to lower my dividend from 9.8 percent to 9.7 percent. I can live with that.

    “because shareholders” is a cop-out for bad management decisions. As I alluded to, there’s not really much evidence that going nuts on black Friday is a good business move, as much as it’s “because everyone else is doing it”. REI may feel more empowered to do something like this, but that’s an indictment of some other retailers more than a commentary on REI.

    October 28, 2015 at 5:03 pm #1040199
    KLizotte
    Participant

    FYI: HTO is now officially closed in Pentagon Row.

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