Everything is Closing
This one is a national problem:
By the end of 2024, CVS Pharmacy will have closed 900 store locations as it pivots to a new "retail footprint strategy."
[...]
Meanwhile, pharmacy chains, including CVS, Walgreens, and Rite Aid, are battling rampant retail theft at some store locations, likely contributing to closures.
According to CapitalOne Research, retailers lost approximately $86.6 billion to theft in 2022 and are projected to lose over $115 billion by 2025.
This one, however, is closer to home:
For three decades, the posh restaurant atop the former John Hancock Center was the place to pop the question, enjoy a romantic Valentine’s Day dinner or celebrate a special birthday.
But the Signature Room closed abruptly on Thursday, citing “severe economic hardship.”
The article claims the after effects of the Covid closures damaged their restaurant and they couldn't negotiate a favorable lease. But what does a restaurant need to survive? Besides PPP loans we mean:
- customers
And there aren't any downtown after the sun goes down. That's why all those other retail establishments are leaving, too.
Labels: events
posted by SCC at 12:03 AM
65 Comments:
There will be dollar stores, j&j fish, elotes carts and a lot of empty store fronts on Boul Mich before the end of the decade
How's that Casino doing?
It's Halloween night every night of the year downtown.
And the goblins will get to you, sooner or later.
I can cook my own meals, thank you very much......
"Meanwhile, pharmacy chains, including CVS, Walgreens, and Rite Aid, are battling rampant retail theft at some store locations, likely contributing to closures."
JB can just open some City Run Pharmacies!
I think it's a Great Idea!
Just make sure the mayor and the aldermen are all on the DEA Narcotics License.
The really cool thing about Amazon Delivery?
When the porch pirates steal shit off your stoop, you get to pay for it!
Then you get to pay for the replacement package too!
And then you get to pay the replacement for the replacement package!
And then ...
Funny how a lack of people (tourists) with money can negatively impact businesses. Almost like rioters with no money impacting businesses negatively.
I was a pastry chef there in 1991. The 95th was one of the hottest places downtown, mostly for the view. It's a real shame how the city has declined. I remember the night of the bulls riots. I was walking w/b on Division to get to the train. Here I am with my tool box full of knives and I'm passing by a flipped CPD car and all of my future coworkers giving me the "stink eye", I felt like I was in deep shit Arkansas.
Just today I went to Walgreens on the far northwest side to get some Tylenol. Now locked up behind glass and you have to wait to get “sales associate” to retrieve it. They then hand it to you. Then you bring it to the check out clerk. Could have put it in my pocket. Same thing about a month ago in Niles at Golf & Milwaukee for over the counter eye drops. “Sales associate” unlocks glass case hands me the drops, go to the front of the store and no clerk, just self check out on kiosk. This is insanity, why lock the stuff up if you have no check out clerk. But I paid both times because I don’t want the drug stores to close because of losses and be responsible for a drug store desert in the area!!!!!!
I too, am leaving Illinois the day after I retire from this shithole of a city of Chicago!
BYE! BYE! and GONE to a nice red state that enforce laws and backs up their police officers!
And the city of Chicago as we will know, is going to open up grocery stores Brandon wants to do that to help the food deserts. You have to control the massive amounts of theft but then again no politician will do what actually needs to be done they need to be arrested prosecuted put in jail judges will not do that now with no cash bail it’s just going to get worse and worse it is happening and all the blue states you get what you vote for, it’s hard to fathom that people voted for people like this that allow this to happen we are all just lemmings while the politicians are protective. 24 hours a day seven days a week by contingence of police officers with presidential like some black suburbans driving them around like they are kings and queens. The mayor has how many on his detail, how many enough to rival the Secret Service protection on the presidential detail, millions and millions of dollars literally being spent the states attorney the cook county sheriff, the governor, the lieutenant governor, the Cook County president Tony many many more have details investigative reporters here is your time to get that Pulitzer just come on do your job
I too spotted the hypocrisy of breed in San Fran. Somehow, she's not a racist -yet.
It will be amazing if any establishments survive the one two punch of lori and Brandon.
They ain't closing the one by me, I wonder what's different?
First of many more.
Soon there won't be any customers downtown during the daylight hours either.
Democrats and their policies are ruining America.
Lol shut it down. It's so nice to move out of that shithole and live with civilized people.
Thank lightfoot and Dumb shit BJ for this. If this idiot doesnt get law and order back downtown before the end of the yeat this shitty is done and so is he, he will never get reelected
What if Mayor Johnson’s goal is to bankrupt Chicago? I mean it sure appears that way. Everything he is doing and allowing could have no other outcome but financial collapse. Name one taxpayer friendly policy he is implementing? But how many dangerous policies is he overseeing? I sure hope it’s not the case but Chicago is definitely in a downward spiral.
Some places may be closing locations but Rexall Pharmacies are going bankrupt and shutting down if I read the news correctly.
Thanksgiving to the Great Unwashed Democrat Welfare Voters and the Chuckleheads they vote in.
Just imagine if Lightfoot didn’t close the city and destroy businesses. Imagine if she didn’t attack the police. Imagine if Kim Fox lost her election. Imagine if Paul Vallas won. What a drastic turn of events and different place Chicago would be. We can only dream about it now. Sad
The Signature Room closed because they have below average food and super high prices. So blame yourself for your own failure.
The crime is the Problem. I now live in a far suburb and every out here talks about how dangerous Chicago is and that they will never go there again. People talk about Chicago as though they’re gambling with their lives if they go there. This is real. What Lightfoot and BJ have done to what was a great city is beyond words. But the people voted for the condition Chicago is now. Fools
The owners of the Disnature Room also wrote a message to employees that Crain's Chicago Businessreviewed that said:
"Together for over 30 years, we have had the privilege and honor of serving Chicagoans and visitors from all over the world; celebrating engagements, weddings, birthdays, anniversaries, and many other special occasions."
"Unfortunately, economic issues after the closure of our city and restaurant due to the COVID-19 pandemic persist. Chicago and Michigan Avenue have been slow to recover. SAFETY ISSUES AND NEGATIVE PUBLICITY CONTINUES TO DETER VISITORS TO CHICAGO. All of these issues are negatively impacting the health of our restaurant and are issues that are completely out of our control.
"As a result, we are forced to close our doors."
Having progressives at the helm sure is yielding the obvious predictable results.
I now buy anything I used to get at Walgreens or CVS from Amazon, including prescriptions. It's cheaper and delivered straight to my house, even same day for many items. Most retail stores in Chicago are becoming like the Secretary of State office, except staff are more pleasant at the SOS.
What's the Problem could it be the Kia Boys?
Soon a rib shack and currency exchange.
I will never patronize the good restaurants downtown anymore. sorry, but my life and well being is way more important.
the "Capones" ruined it for me
Soon to become the Illegal Immigrant Migrant Mile
Chicago’s Magnificent Mile, a stretch of high-end shops and restaurants, had a 26% vacancy rate in spring 2023.
23% of CMBS loans tied to Chicago buildings was considered distressed or delinquent as of Aug. 2023 three times the national avg of 7.2%
https://www.bisnow.com/chicago/news/commercial-real-estate/with-more-than-20-of-buildings-in-trouble-chicago-led-all-metros-in-distressed-cmbs-loans-last-month-120743
The collapse of the city will happen slowly at first then suddenly
If you control Chicagos real estate market prices you can control real estate tax income that funds CPS schools yeah?
Chicago teachers plan makes real estate commitment
Pensions&Investments|7 days ago
Chicago Public School Teachers' Pension and Retirement Fund committed $30 million to Long Wharf Real Estate Partners Fund VII. The $11.9 billion pension fund's board approved the commitment to the ...
Sorry Folks Shitter's Full
NYC warns migrants it is "out of space," cannot help them find work
Eventually many of these business will have to redesign their front entrances into shatter proof glass, double door with a foyer in between and a buzzer and guard at the doors. I have seen this in Europe, you are buzzed in and wait in a locked foyer for the guard to buzz you into the store. No one enters with a mask or a hoodie and many have lockers in the foyer where you have to check you bags.It will be the end of easy access
The firehouses don't have any migrants in them are they next or does the jackass in charge just evict the remaining officers in police stations surrender the stations to the colonist...how many migrants have set up settlers base camp at the police academy I bet there's room there too.
Hey look around you all state and federal property is being given to the illegalS. This property belongs to taxpayers, the parks, the schools, the buildings prior occupied by national guard and US MILITARY.
iLLINOIS is about to hit the half a billion dollar mark on illegal immigrant spending where was all this money for US CITIZENS.
The Slum Row previous known as the Magnificent Mile is 26% empty
Pritzker says Chicago could house asylum-seekers in unused buildings, not winter tent basecamps
Like Lake Forest, Winnetka, and Burr Ridge?, etc
Pritzker asks other Illinois communities to house growing number of non-citizens
"Imagine if Paul Vallas won", ya but he too is a democrap with democrap ideas. He would have caved in at the first gust of wind from the BLM and woke whitey crowd.
Did you read his piece in the Trib from 9/14 where he says the following;
1. Extend work permits for immigrants and provide temporary operator licenses to immigrant businesses that comply with city ordinances,
2. Establish a transitional housing network by leasing long-term accommodations, purchasing hotels and motels, and utilizing vacant apartment buildings,
3. Encourage residents to host immigrant families while streamlining the process for apartment owners to convert unimproved spaces into garden units.
4. Urge the state to utilize all government residential facilities at its disposal.
5. Seek a federal disaster area designation to access reimbursement for the cost of providing housing etc for immigrants.
Then on the other hand he says, Enforce immigration laws rigorously and cooperate with federal immigration enforcement efforts, particularly in cases involving national security and public safety. Ya right. P
Purchasing hotels and motels? Great plan Paul. Host immigrant families, what could go wrong. How many families is Vallas hosting in his home?
Sounds like BLM BJ for the most part regarding how to deal with the Chicago invasion.
So it was Covid, huh? Not the riots, homeless, vacancies, "kids being kids" ...
The writing is clearly on the wall. What doesn't the mayor/council see?
Are they really that stupid?
The next Gary, Indiana...."on Broadway..."
Oh trust me.. at night there are plenty of customers. They were only from the south and west sides. The quality of enjoyment decreased. It became loud, reeked of weed and constant “complaints” about needing to talk to managers, low tipping, groups sitting at tables for hours on end, sending food and drinks back all the time etc etc. finally signature room had enough. Believe me, the service, food and drinks were just fine, it was the typical south and west side people doing what they do in restaurants. Drink half a drink and get another one. Eat half a meal and get another one. At the end demand a discount or free meal because of the items “cooked” incorrectly. It’s the way that it goes. My sister worked there over the summer when she was home from college.. she said never again. She has worked there since she was 18 years old over the summers home from college. She said it’s never been this bad. Might as well now be the JJ fish at the top of the Hancock… if you’re offended too bad. It’s sad but true and the REAL reason of what has been going on at the signature room.
I am curious. What will happen to city workers, retirees, and citizens when the city goes bankrupt?
nothing to worry about the dip mayor will open a city run food store for them ghetto people/folks and it will only accept the link card, no cash.
Lot's if ne'er do wells walking around in downtown.
It's like Gotham City now.
Obama says mission accomplished.
He’ll Never Get Re-elected??
He will win by a bigger margin next time.
All of his ilk automatically vote for him.
Then all the Ass Kissing Leftists will say how he’s really trying & his hands are tied .
They’ll say he’s a Progressive that’s what we need other wise all the Right Wing Haters will control the city. Which mean according to them we’ll be returning the Bad Old Days. When are you ready they Love to over use this.
People Like Burge are Running the CPD!
Anonymous said...
There will be dollar stores, j&j fish, elotes carts and a lot of empty store fronts on Boul Mich before the end of the decade
9/29/2023 12:41:00 AM
Maybe so, but I’m wondering what kind of businesses you, Anonymous, are investing in to keep this from happening.
Put up some capital. Get some skin in the game or else you forfeit the right to complain about everyone else who did. Maybe you dislike the businesses that will move in but at least they’re
committed to actual investment.
Amazon Pharmacy and Mark Cubans online pharmacy saw this coming long ago.
Amazing just like the 60s, before Marina City was built .. Loop, MaG Mile empty after 5-6 pm .
BJ johnson clueless how to run city.. notice BJ acting like a Walmart greeter for outside events couple times a day..never near City Hall or doing city business
Anonymous said...
The Signature Room closed because they have below average food and super high prices. So blame yourself for your own failure.
9/29/2023 08:20:00 AM
LOl Signature Room was one of the top 5 highest sales gross single location restaurants in USA.. Food very good ...Ya eating too much McDonalds
New retail strategy: Closing up shop in crime-ridden shitholes run by Democrats. Opening up shop in Red States where they hold criminals accountable.
Of course they'll get some "tax rebates" that will offset the cost of the perma-thieves showing up, and they'll just turn the whole place into a plexiglass palace for the duration of the rebate, so some will remain in Blue states, but not many...just enough to work out for the corporate soundbites when the usual suspects bitch and moan about a >something< desert
nothing to worry about the dip mayor will open a city run food store for them ghetto people/folks and it will only accept the link card, no cash.
9/29/2023 03:12:00 PM
Now, there's actually some wisdom in that.
Think about it.
Chitown link card only stores.
Big Business will have some competition.
Maybe even enough to entice the usual suspects to not go to the big business stores.
Now, this would be an example of an actual, viceral benefit from our taxes......
The pension won’t survive!
Maybe so, but I’m wondering what kind of businesses you, Anonymous, are investing in to keep this from happening.
Put up some capital. Get some skin in the game or else you forfeit the right to complain about everyone else who did. Maybe you dislike the businesses that will move in but at least they’re
committed to actual investment.
Another ignorant person has spoken.
Suburbanite here who used to have seasons tix to cubs, art museum membership, membership at the opera and more. When LL was elected, I decided to wait and watch. I let my memberships lapse and let the season tix go. Me and my money haven’t been downtown since 2019. I come from a family of cops, firefighters and public servants and what I see happening in the city is a shame. Good riddance.
LOl Signature Room was one of the top 5 highest sales gross single location restaurants in USA.. Food very good ...Ya eating too much McDonalds
------------
This is a common tactic when you have a good/great business, or the land skyrockets in price at your location. If you lease the owners now know you have a great business or location & they bring in their own people. Hense the lease is not renewed.
The Signature Restaurant among others are feeling Murder City and its Mob Rule (as in large crowds of people being disorderly, intent on causing trouble and/or violence). Is that clear enough for you BJ. The restaurant left Dodge because of crime, criminals and a piss poor city administration at all levels. Kimmy the FOXXXX and Tim Evans and the Black Robes also contribute mightily to the savagery in the Windy City. The media are co-conspirator's in putting on a "happy face" for the citizens who are being raped, robbed, car jacketed, maimed and murdered. The smart ones leave, and the rest well - just get in line and get your appropriate police report and start filling in the blanks.
BTW: BJ do you suppose you can move in some of the illegals up there on the 95th as part of your Sanctuary City effort. You know, so we can get our station facilities cleaned up and acceptable for public business.
In 7 years Mag Mile will look like a “Mag Ghetto Mile”on Madison on the West Side
It pains me to know my fellows don't see that the permission to shop lift is being allowed so these corporations have a pretext for shutting these stores down that doesn't involve the truth: "we did you dumb bastards in 2008, and we're doing you again. Play amongst yourselves."
“Anonymous said...
The pension won’t survive!
9/29/2023 09:19:00 PM”
That’s an intended consequence.
It's terrible how bad it's been allowed to get. I wasn't a Daley fan but never would they allowed this. Michigan and State would lovingly help the citizens have liberated cash from our citizens. Clothes for the start of school and ornaments for Christmas. Don't forgot the books at Kroch's and Brentano's.
The Signature room is only one of many high-end restaurants that have fled the Shitty of Chiraq.
Lawry's Steakhouse - they'd just dropped $5 million on their "Sidedoor" gastropub when the pandemic and then the 2020 St. Floyd riots hit them. No one's doing $200/plate as a takeout, they saw the writing on the wall and skeedaddled. That Restaurant was doing about $80 million/year in business. *poof* gone about $8 million or so in sales tax alone... not to mention the liquor taxes, bottled water taxes, and other bullshit taxes the City was extorting from them. Food vendors, liquor vendors, servers, busboys, cooks, dishwashers, cleaning crews, singing performers during the Holidays, lease taxes on anything in the place that was leased, valets, parking fees, and on and on and on... all gone - and that's from ONE place.
How many have the Demoncrats driven out of the City and Crook County?
Chicago's in a death spiral. If you can, get out now. If you can't, then sell your property and RENT until you can escape.
Good luck.
Lots of bird watchers downtown after dark. They're looking for sitting ducks and pigeons.
Anonymous said...
nothing to worry about the dip mayor will open a city run food store for them ghetto people/folks and it will only accept the link card, no cash.
That will be the Gimme Dat chain of finer foods, distributing Funyums, crunchy curls, Lays ketchup chips and others exotic cuisine. Dine in or carry out, Link cards and theft accepted.
Anonymous Anonymous said...
The Signature Room closed because they have below average food and super high prices. So blame yourself for your own failure.
Possible, but even more possible is your palate is corrupted by Big Macs, Whoppers and aged grape Nehi.
Soon the Mugged mile will be Beauty salons, hair extensions stores, Arab run mini marts, and the Fourth Presbyterian Church will make a great MB Church.
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