These are the lessons I carry forward to the next entrepreneurial generations.Enact Conveyancing Sydney helps to make your property transactions easy and simple.Charles Matthews is the director of the Small Business Institute at the University Of Cincinnati College Of Business Administration and an associate professor of management.
The retooled Forest Fair Mall has lured a Saks Fifth Avenue outlet store, the first of its kind in Greater Cincinnati and the second in Ohio.Off 5th is scheduled to open a 27,000-square-foot store in March 2001 in part of the former Parisian wing of the center. The store will be built in space formerly occupied by several smaller stores, said Lori Busse, a Forest Fair spokeswoman. Interior walls have already been torn down, she said.Off 5th will be one the larger stores in the mall, along with Bass Pro Shops, Media Play, eight movie theaters, and the Berean Christian bookstore. The store carries merchandise purchased from Saks Fifth Avenue’s 61 stores and other retailers, including women’s and men’s clothing, coats, swimwear and furnishings.Forest Fair, now owned by Gator Investments of North Miami Beach, Fla., is undergoing a transformation into a ”value mega-mall,” filling spaces vacated by Parisian, nightclubs and others.
The mall will have a 144,000-square-foot Bass Pro Shop, a state-of-the-art movie theater with 10 screens, a 40,000-square-foot Media Play outlet and Burlington Coat Factory.While many companies have left the mall, several large retailers remain, including Elder-Beerman, Kohl’s and Biggs.Developers say the Saks outlet will advance their goal of making the mall a destination spot for families.”Off 5th fills a void in a very popular retail category and brings a new and unique retail choice to the tri-state,” said Jim Goldsmith, Gator president and chief executive officer.
Goldsmith said the new outlet store will help Forest Fair attract merchants to remaining vacant spaces. Saks presently has 46 off 5th stores in 23 states.”We are very committed to the redevelopment of Forest Fair Mall,” Goldsmith said. ”We expect the addition of off 5th to give us great momentum in leasing the remaining specialty store spaces.”The Elder-Beerman Stores Corp. will cut 130 jobs and incur a $16 million charge as part of a restructuring effort to turn around the company’s flagging fortunes.
The chain’s revamped strategy will focus on low- and moderate-priced merchandise to increase sales in secondary Midwest markets.Ladies’ and men’s’ apparel, ladies’ shoes, home goods and cosmetics will be emphasized, the Dayton, Ohio-based company said Friday.The company also said it will build more concept stores, which are smaller, feature flexible floor plans and are targeted for markets with less competition than some existing locations.Conveyancing deals with all real-estate property matters.