NEW YORK — With its plans to open a store in Rego Park in Queens, N.Y., thwarted, Wal-Mart may be licking its wounds but the retail giant won’t go quietly into the night.
Real estate sources and retail experts said the company will be back, but the next time it may have to tailor its approach to the New York market.
Wal-Mart has considered or may still be considering several other locations in New York, including The Gallery at Fulton Street in downtown Brooklyn, a site in the Sunset Park-Red Hook area of Brooklyn, the Bronx Terminal Market next to Yankee Stadium and Coney Island.
The Gallery would offer 130,000 square feet, over two levels, with most of the space on the upper level. Wal-Mart would prefer closer to 180,000 square feet and Fulton Street commands a price much higher than Wal-Mart is used to paying. Joseph Sitt, chairman and chief executive of Thor Equities, developer of The Gallery at Fulton Street, could not be reached for comment.
The Gallery and Sunset Park-Red Hook sites are considered “as of right” and do not require a change in zoning, which is necessary for the retail component of the Rego Park project. The Related Companies, which is developing the Bronx Terminal, has proposed as much as 1 million square feet of retail space. Formal applications have not yet been filed.
Target, a competitor of Wal-Mart, has been successful in New York with stores in the Bronx, Queens and Brooklyn. “They know how to do it,” said Michael Burke, director of the Downtown Brooklyn Council. “They got immediately involved in the community with local elected officials and community groups. They are philanthropic. They manage a good store and have a reputation for being generous.”
Wal-Mart, however, became a lightning rod for criticism when it was revealed that the chain was part of a Vornado Realty Trust proposed mix-use development in Queens with 700,000 square feet of retail space and 450 residential units above the mall. Vornado apparently got cold feet when labor unions and some City Council members voiced opposition to Wal-Mart.
“I think this was a good eye-opening experience and they’ll probably go back to the drawing board and the next time be a little more sensitive to their surroundings,” said Jeffrey Roseman, a retail real estate broker at Newmark/New Spectrum. “The chains that are always successful in the city are the chains that come in and change for the city and react to New York. When Bradlees first opened in Union Square their first whole floor was lawn furniture. If you’re going to come into New York thinking that you can do things the way you do in Arkansas you’re not going to be successful.”Wal-Mart was rebuffed in Staten Island and has scrapped projects in other areas in the U.S., including neighborhoods near Los Angeles and Dallas.
Calls to Wal-Mart were not returned.
“At this point it’s not going to be easy for Wal-Mart to get public approval here. It’s sort of a blue state-red state phenomenon,” said a city official, referring to Wal-Mart’s conservative values and the most recent Presidential race, where states that voted for George W. Bush were designated red and those that went to Sen. John Kerry were blue. “It’s probably not a great place for Wal-Mart to be. Target has produced such a hip image. Wal-Mart’s ads say ‘Kentucky’ and not ‘New York.’ They have a lot of baggage.”
A retail developer who works with big-box retailers said, “Eventually Wal-Mart will find something. Somehow some way. Maybe they’ll buy a Kmart lease. Some opportunity will arise and they’ll end up in the city.”
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast