Was riding down Colombo street yesterday and saw that there was a For Lease sign in the window of Jaycar. Anybody know what the story is, are they moving? Can't imagine them closing down, always seem to be reasonably busy.
I was in the other day when the staff were openly discussing sales results with each other... very loudly. Apparently one of the guys was #1 in the region for that week. So, the sales are clearly going his way. Of course, turn over is one thing, profit is another.
Having said that, I don't think they'll be going under, it's more of a case of their location being in a pretty terrible location at the moment due to the quake, meaning they could potentially split into 2 x smaller stores in more vibrant areas and make more cash?
Many buildings are gone in that section of Colombo St, so it will get a nice modern boost, and I feel that many citizens will want to support shopping areas that have been hit hard, like a personal loyalty thing.
I thought they had quite good prices actually.
Its so weird here, you see the pics and vids of the CBD red zone and its so difficult to know where they were taken. I work (ed) in there, I know it very well.
EQR have said that the red zone will be open next April, that was a surprise, hence all buidlings that have to go, will be gone, so no safety risks, so that will be cool to start moving forward.
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