Competition overwhelms struggling chain.Byline: SHERRI BURI BURI Bastyr University Research Institute (Washington) McDONALD The Register-Guard Looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a pair of jeans, some slippers, or new duds for the kids? There's a mind-numbing array of retail outlets to choose from. In the Eugene-Springfield area, aside from Emporium, there's Wal-Mart, Target, Shopko, Fred Meyer, Ross Dress for Less, TJ Maxx, Sears, J.C. Penney, Meier & Frank, Old Navy, G.I. Joe's, R.E.I. The list goes on and on. Pile on the national retailers selling clothes via catalogs and the Internet, toss in a slow economy, and it's no wonder that Emporium and some other stores are struggling. Eugene-based Emporium on Friday became the latest retailer to file for Chapter 11 bankruptcy restructuring, joining Troy, Mich.-based Kmart, which filed for Chapter 11 protection on Jan. 22. Emporium executives blamed their predicament in part on slumping sales because of a sluggish economy Sluggish Economy A state in the economy in which the growth is slow, flat or declining. The term can refer to the economy as a whole or a component of the economy, such as weak housing starts. . Analysts agree that the weak economy isn't doing retailers any favors. Even the world's mightiest retailer, Wal-Mart Stores Inc., is bracing for meager mea·ger also mea·gre adj. 1. Deficient in quantity, fullness, or extent; scanty. 2. Deficient in richness, fertility, or vigor; feeble: the meager soil of an eroded plain. 3. holiday sales. Changing shopping habits are contributing to retailers' troubles. "Shopping used to be a real fun thing," said Burton Nudelman, president of Nudelman & Associates, a Portland-based retail consultant. Surveys now show that the average time shoppers spend at the mall is down substantially, he said. "People don't have that much time to devote to playing in the retail market anymore," he said. Also, shoppers are acutely price conscious, analysts said. "It's a dollar thing now," Nudelman said. "Where can I get the most buy for the buck? Emporium's biggest competitor isn't The Bon, Meier & Frank, or other department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. ; it's arch-discounter Wal-Mart, Nudelman said. Emporium CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Ron Schiff said the competition is any and every store that sells clothes. Lynn Kahle, a University of Oregon The University of Oregon is a public university located in Eugene, Oregon. The university was founded in 1876, graduating its first class two years later. The University of Oregon is one of 60 members of the Association of American Universities. marketing professor, said Internet sales are taking a bite out Verb 1. bite out - utter; "She bit out a curse" let loose, let out, utter, emit - express audibly; utter sounds (not necessarily words); "She let out a big heavy sigh"; "He uttered strange sounds that nobody could understand" of traditional retailing. Internet holiday sales are up 70 percent this year over last, he said. "It's the convenience of being able to shop 24 hours, not having to go out, and the ability to do infinite comparison shopping if you wanted," Kahle said. Emporium's bankruptcy filing surprised retail experts and shoppers alike. Nita McAdams, a Springfield resident, stood in silence when she first heard about it as she left the Gateway Emporium store. "I would be real crushed if they went out," said the 67-year-old retiree, who said she has shopped at Emporium for decades. "I just wrote them a letter of commendation several weeks ago," said McAdams, who formerly worked in retail. "They do their very best in trying to get you what you want," she said, "and if there's any special going on, they make sure you know about it." It may sound corny corn·y adj. corn·i·er, corn·i·est Trite, dated, melodramatic, or mawkishly sentimental. [From corn1. , she admitted, but she said she recently told an Emporium clerk: "I always feel like you're on my side." McAdams is the kind of customer Schiff likes. Emporium prides itself on offering superior service, he said. Chris Rowland, a 17-year-old Springfield resident, said he drops by an Emporium store about twice a week, mostly to look at jeans. "They have a good selection," he said, adding that he usually likes Emporium's prices, too. But Emporium isn't for everyone. Shopper Tracy Ladd, a 32-year-old Cottage Grove Cottage Grove, village (1990 pop. 22,935), Washington co., SE Minn., near the St. Croix River; inc. 1965. There is farming (cattle, sheep, corn, and soybeans) and manufacturing (chemicals and machinery). homemaker, said she rarely visits Emporium. She said she's more likely to find clothes for herself or her teen-age daughter at Ross or Sears. EMPORIUM Headquarters: 86776 McVay Highway, Eugene (north of Lane Community College campus) Founder, lead owner: Dallas Troutman Founded: 1955 in North Bend North Bend is the name of several places in the United States of America:
CEO: Ron Schiff Stores: 34 Employees: 1,600, including about 200 at corporate headquarters Financial results: Not disclosed; privately owned company |
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