7,500 brides, grooms left without wedding venues after national chain closes; event operators offer support
It was supposed to be their big day. But instead, it’s looking like a big letdown.
Man that really sucks.
Don't hold your breath. That one closed last August.Yea, there's (or was) one in Hoover, a suburb of Bham. Waiting for the phone to ring...............
Cuz they’re cheap! Their profits are minimal which is why they have so many venues. I see on the news how much people are spending (or in this case losing) at these venues. They’re not premiere destinations. They eventually can’t sustain themselves. Look at all the lower end department stores... shutting down. It all depends on what perspective you’re looking at things from. Everything you mentioned is low end... and as far as cars go, the cost of the average car is higher than ever... meaning that once again people are buying, but not enough of the cheaper options to sustain those brands that have slim profit margins.Strange because the economy is doing so well, and all these DJs are doing so well earning a ton of money with all the weddings occurring...
David's Bridal is in bankruptcy, and currently in chapter 11 bankruptcy protection. Samuels Jewelers...another retailer that heavily relies on the wedding side of the business is bankrupt.
Other large retailers...Sears, Mattress Firm, Brookstone, Rockport, BonTon, Toys R Us, Charlotte Rouse, Forever 21,Gymboree, Things Remembered, Payless...The list is pretty large for just 2018.
Lots of manufacturing jobs disappearing in the auto industry lately as well because people are not buying new vehicles like they were. The Stock Market is looking to be at the highest it can just about push.
Get prepared for the down turn. It's coming, and lowering interest rates is not a tactic that will work this time around to rejuvenate the market. Have your fun now...These are the good times, and have been the good times for the last decade! The Good times are going to end at some point!
...ON a side note. I just got a deposit for a September 2021 wedding...Just paid about 20 minutes ago!
By the same token, you should buy a nuclear / bioprotection vault now .. because WWIII is coming. The good times are going to end at some point.Get prepared for the down turn. It's coming, and lowering interest rates is not a tactic that will work this time around to rejuvenate the market. Have your fun now...These are the good times, and have been the good times for the last decade! The Good times are going to end at some point!
Did you tell your customer the good news - that the down turn is coming? Did you offer them any assistance with this coming down turn?...ON a side note. I just got a deposit for a September 2021 wedding...Just paid about 20 minutes ago!
Cuz they’re cheap!
Personally, I do consider macy's mid-tier... jcpenney would be on the lower end... and they're all struggling. As far as neiman marcus goes... I don't think that is accurate (especially coming from wikipedia), as that was a year ago and nothing has happened...and just 2 weeks ago they had a statement saying that "the chain is not in trouble but continues to make progress on our transformation into a luxury customer platform with a focus on profitable and sustainable growth. The issue w Neiman Marcus and the others, is the department store business model. Just too many rising expenses no matter how much profit is on the individual item of clothing. Keep in mind, that the parent company also owns Bergdorf Goodman which makes Neimans look cheap.Macy’s will close roughly 125 stores, a fifth of its locations, and is cutting about 2,000 positions over the next three years.www.usatoday.com
Is Macy's a cheap department store? Last time I was in a Macy's I thought the prices were high.
Amazon and Wal Mart have the lowest prices out there...and they are the big two and seem to be doing quite well compared to all the other retailers.
You mention Nieman Marcus as a High End Retailer who does extremely well, and supposidly makes a lot of money...Well I hate to break it to you, but they just filed for bankruptcy not long ago! The second time in 2 years. ...You know they have a long term Debt of 4.4 Billion dollars that they have been trying to get a hold of FOR YEARS now...THey can't seem to get their debt problem under control.
Neiman Marcus announced plans in September 2017 to close 25% of its Last Call outlet stores. ... It emerged from bankruptcy in August, but announced on February 14, 2019 that it was filing for bankruptcy again and that it would close all of their stores and its online operation in the United States.
Again... Pier 1 isnt high end... its great and its quality... but it's not high end... go to restoration hardware or similar furniture and home accessory stores for 3-4x the prices. Before this becomes soley high end vs cheap debate... lets look at this from a different perspective. Many of these retailers, which one thrived, ultimately failed to adapt to the current trends of the modern shopper or had outdated policies and customer service approaches. In my opinion, many of these stores were priced into the more price conscious shopper who also shopped online predominantly. So two things happened... they either didn't adapt and make themselves appeal to the online shopper... similar to what happened to sears... or they couldn't compete on price as that would eat up profits since their debts were very high (this is the point i was trying to make earlier). I feel most of these stores just didn't keep up with their target market and the trends early enough... and their collapse has been years in the making. Bed bath and beyond will be the next to go... why... they became too cheap with 20% off coupons that never expired... and as a result profits were minimized. The strategy was ok years back when the online marketplace wasn't big in their category of products and most went to stores to shop for these products, but with that becoming an online marketplace as well now, and Bed Bath and Beyond not adapting, their in store sales fell, and with profits already low, and their online sales not making up for the loss of in store sales... and well... they'll face the same fate soon.I hate to be the bearer of more bad retail closure news, but I'm that guy here on ODJT!
It looks like 22,000 more jobs are in jeapordy of being lost. I have not been in a Pier 1 import store in over 15 years...I remember their prices being pretty high. I am not sure how "High End" the store is considered, but they just filed for bankruptcy. They have asked the court to hold off until March 23rd so they can obtain bids. Trying to sell the company off. I wonder if anyone will buy it. They have 450 stores that will close up if another entity doesn't take on their debt.
It's not a trap if the DJ finds the trending client type and trends themselves to be unattractive and unrewarding. It's not always about image. I for example, don't want to work for the Paris Hilton's of the world, nor do I care to make social media a priority in my life.Many DJ's fall into the same trap...
What you said is very fair. It's necessary to keep in mind though that we all have different target clients and need to appeal and adapt to them in different ways. As long as we understand who we're trying to attract and what those ways to appeal to them are, then I think one will have a better chance of success. Just like you see more live bands at events than Dj's... I see a fusion of Dj's and live instruments working together. I get clients asking about live sax players and electric violinists, and as such I provide them with options to make their vision come true. Some couples don't want to be limited to the music that a full band plays (many here provide a list of 100 songs to choose from), for example I just booked a couple from Miami who want a lot of house music from the club scene down there at their event (taking place in Philly). At the same time, there are some bands like the Hank Lane band (NYC based, and performed at Ivanka Trumps wedding) who are not only exceptional musicians, but also incredible performers and engage with the crowd and are high energy from start to finish, and have zero breaks in between songs, and seamlessly blending like a dj does. Of course, that band also charges 15-20k... so clearly that's not a viable option for everyone. I'll be performing with them at a Wedding where I'll be playing the greek music in between sets, as well as doing the after party (again another new thing that I'm getting asked about and providing services for, but if I didn't have all these extra systems and team to set up and break down the multiple locations, I'd perhaps lose the job to someone else.It's not a trap if the DJ finds the trending client type and trends themselves to be unattractive and unrewarding. It's not always about image. I for example, don't want to work for the Paris Hilton's of the world, nor do I care to make social media a priority in my life.
For someone like me, the trends that you find attractive I find repulsive. I'd rather apply my skills to meaningful work that presents me with new challenges. By and large that's corporate events and not the current mobile DJ scene.
For those who are genuine entertainers (dancers, singers, emcees, etc) that party scene is exactly where they want to be and social media is their public relations. But, mobile DJs have never been more replaceable than they are in this modern X-Factor age. There are just too many better forms of event entertainment to make mobile DJs a viable long term plan. I actually see far more live bands at events than I do DJs. Following trends is not enough in this business to keep anyone from becoming the next Pier 1.