Gothamist:
Despite (or because of?) its ubiquity, Duane Reade is deeply in debt, and last week its corporate parent, private-equity firm Oak Hill Capital Partners, shelled out $125 million to save Duane Reade from defaulting on its debt.
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Try lowering prices, Duane. Others are selling the exact same thing for up to 33% lower.
Yeah NYC is basically Duane Reade and Chase banks every 5 blocks nice... Now Best Buy is starting to get greedy too and opening a lot of stores. The strategy was basically about market share in opening a store every 5 blocks, now its coming back to bite them in the $#.
They forgot about the concept of "shopping" and what the term means.
Tell me WTF where you thinking outbuilding as they did. Since spending will travel a more conservative mode right now, I expect to seel closing of Best Buy, Duane Reade, and Starbucks, what goes up....
The usually mistake of growing too big too fast. Do we really need a Duane Reade at every other corner?
What? They skipped one?
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First Posted: 08- 7-09 03:19 PM | Updated: 08- 7-09 03:24 PM