Brought to my attention by Carolyn/Bigchief - thanks Carolyn!!
Made me think of department stores as if they were going the way of the old ocean liners. Remember those 30s-40s shots of Manhattan from the air with the piers bristling 80 thousand tonner behemoths? Hope the dept stores aren't scuttled too...
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From the <i>New York Times</i>
February 28, 2005
<b>More Luster Lost From Palaces of Retailing </b>
By CONSTANCE L. HAYS
They were designed as glittering temples of consumerism, carefully planned marble-and-gilt palaces devoted to making people want what was displayed inside.
For generations, department stores drew millions who yearned to shop for just about everything under one roof, and New York was the nation's capital of department stores.
The question raised by the announcement of the proposed merger between Federated Department Stores and the May Department Stores Company is whether this is one more step in the long decline of that tradition or a last-ditch effort to save it.
The merger's effects - in New York and across the country - are likely to include layoffs and store closings, analysts said, and perhaps the loss of another great name in retail. Some of the chains owned by the two companies could be spun off and many of their locations sold, becoming victims of possible antitrust requirements of the Federal Trade Commission and the intensifying reality that shoppers tend to veer between discounters and high-priced specialty stores, spending less and less of their money in places in between.
It would be hard on the city to see a decline in the number of department stores, said Lizabeth Cohen, a history professor at Harvard University and author of "A Consumers' Republic." May's flagship store, Lord & Taylor, is still a looming presence on Fifth Avenue, and Federated's mainstays, Bloomingdale's and Macy's, still thrive in the city, employing thousands. Together, the two companies operate more than 180 stores in New York, New Jersey and Connecticut, including department stores and smaller specialty shops.
"When there are these big mergers, the surviving entity carries a lot of debt and that influences their operation as well," Professor Cohen said.
Many of the great stores that flourished in the past are already gone, like Gimbels, B. Altman, Stern's and Bonwit Teller. The city's department stores had their roots in the carriage trade, catering to those well-heeled New Yorkers who had the time and the wherewithal to shop till their buggies could hold no more. And yet they were also the great levelers of pretension, catering, with their multiple entrances and their staffed elevators, to one and all.
"The department store is a democratic tradition," said Elizabeth Hawes, author of "New York, New York: How the Apartment House Transformed the Life of the City." "It is in the old tradition of the bazaar, and the way it grew up in this country was something that brought people together and brought the city together and was responsible for making the city more lively."
The stores also tended to be aspirational, pointing the way to a better life with decorating tips, fashion advice and cooking classes. For decades, department store service was white glove, and simply stepping inside one could give the weary working soul a lift. Shopping online does not impart the same atmosphere, Ms. Hawes observed.
"It's a very different rush when you go into a department store," she said. "It's a very big idea."
For at least a decade, discounters like Wal-Mart and Target have captured increasingly large proportions of sales in areas once controlled by department stores - electronics, apparel and home furnishings.
At the same time, specialty retailers have emerged to zero in on many of those categories, splitting the market into two distinct groups. Shoppers who once would only have admitted to frequenting a certain class of store now brag about their savings at discounters or about hunting down bargains at specialty stores. Except for the very wealthy, the notion that where you shop says a lot about you seems practically quaint.
These shifts have forced the big department store chains to surrender or merge, as Federated and May now intend to do. Professor Cohen says she believes that shoppers, who have come to expect bargains everywhere, may discover a downside.
"I don't see how this could be good for consumers, in terms of the choices in products, in terms of the price structure of what consumers buy, and in terms of the range of different kinds of retail environments that we are able to go to," she said.