Hamleys Dundrum closing down 50% off everything

road_high · 20-04-2018 03:48PM

the corpo wrote: »

Just in Dundrum, Urban Outfitters has a closing down sign in the window now too, and it looks like the recently re-located Cath Kitson store is also closed.

Yikes!

I live in kilkenny and there's been a bit of bloodbath recently with store closures, both rent and rates are ridiculous. Value stores at the lower end appear to be doing ok though. Appears to be happening even in Dundrum and no doubt the rate/rents are colossal.
Always found that to be a ridiculous shop though, hated it. Snowflake/hipster central- who probably have fcuk all money to spend anyhow.

markpb · 21-04-2018 03:41PM

the corpo wrote: »

Just in Dundrum, Urban Outfitters has a closing down sign in the window now too, and it looks like the recently re-located Cath Kitson store is also closed. Yikes!

A lot of shops in Dundrum are coming to the end of their first ten year lease so you'll naturally see a few of them closing up and new shops moving in. Apparently the new owners are being quite aggressive when negotiating rent on the new lease so they don't appear to be worried about finding replacements.

CeilingFly · 21-04-2018 05:52PM

markpb wrote: »

A lot of shops in Dundrum are coming to the end of their first ten year lease so you'll naturally see a few of them closing up and new shops moving in. Apparently the new owners are being quite aggressive when negotiating rent on the new lease so they don't appear to be worried about finding replacements.

That's very true and it is quite normal for several stores to close and new stores take their place in most shopping centres.
It just the high profile of some of the current stores closing that make it noticeable. But yes, quite normal.

jimmynokia · 21-04-2018 09:09PM

CeilingFly wrote: »

Brexit had nothing to do with maplin. It simply did not keep up with changing retail environment. Way overpriced, a lot of obsolete stock, large retail floors and poor locations.
Almost the same for Toys r us.

Former ceo's will always want to blame external sources, but reality is maplin was old and tired. Radio shack suffered the same fate in usa.

Hamleys just didn't catch the imagination of the Irish consumer and with a massive Smyths store a few minutes up the road in Carrickmines, (paying substantially less rent) it was always on the back foot.

Yes. Everyone will play the brexit game and those rents in hipsterland dundrum are just rediculous will be an interesting 2/3 years now to see who diversifies for e-commerce which is winning

Stephen15 · 22-04-2018 01:14AM

No I don't think Brexit was the reason but maybe a small part as to why they left Ireland. If the store was highly profitable I'm sure they would remain here but as it's not they are shutting up shop. If the store was slightly profitable which then they might have decided it wasnt worth the hassle post brexit.

In other news I hear Smyths is to buy all of the Toys R Us stores in Germany, Austria and Switzerland.

https://www.irishtimes.com/business/retail-and-services/smyths-toys-to-buy-toys-r-us-in-germany-austria-and-switzerland-1.346996

Guy:Incognito · 22-04-2018 02:40AM

road_high wrote: »

It's not Brexit...if that were the case why have a store in Russia etc? They're not in any same economic zone either. No, it's rents and rates that are killing stores here. Someone said a million euro just to rent the unit at Dundrum? That is obscene, especially anytime I've gone in there's hardly a person spending money at a till!
Also if it's Brexit why are the likes of Superdrug and SportsDirect etc expanding here??

It's a huge 3 storey retail unit in what I'd imagine is one of the most expensive shopping centres in the country.

What would a fair rent be in your opinion?

Absoluvely · 22-04-2018 02:54AM

Guy:Incognito wrote: »

It's a huge 3 storey retail unit in what I'd imagine is one of the most expensive shopping centres in the country.

What would a fair rent be in your opinion?

HoF occupies four floors, don't try to pass it off as some cheapskate three-floor slumstore.

Guy:Incognito · 22-04-2018 02:56AM

Absoluvely wrote: »

HoF occupies four floors, don't try to pass it off as some cheapskate three-floor slumstore.

Was it not the hamleys unit that people are saying is 1m to rent?

Absoluvely · 22-04-2018 02:59AM

Guy:Incognito wrote: »

Was it not the hamleys unit that people are saying is 1m to rent?

Ah okay. I was skim-reading and thought we had moved on to discussing House of Fraser's impending doom.

ted1 · 22-04-2018 03:45AM

Stephen15 wrote: »

No I don't think Brexit was the reason but maybe a small part as to why they left Ireland. If the store was highly profitable I'm sure they would remain here but as it's not they are shutting up shop. If the store was slightly profitable which then they might have decided it wasnt worth the hassle post brexit.

In other news I hear Smyths is to buy all of the Toys R Us stores in Germany, Austria and Switzerland.

https://www.irishtimes.com/business/retail-and-services/smyths-toys-to-buy-toys-r-us-in-germany-austria-and-switzerland-1.346996

Delighted to see an Irish company doing so well

CeilingFly · 22-04-2018 08:57AM

Stephen15 wrote: »

In other news I hear Smyths is to buy all of the Toys R Us stores in Germany, Austria and Switzerland.

https://www.irishtimes.com/business/retail-and-services/smyths-toys-to-buy-toys-r-us-in-germany-austria-and-switzerland-1.346996

A few Mayo lads are about to become largest Toy retailer in Europe.

And they still operate the original newsagents / toy shop their parents opened in Claremorris. https://www.facebook.com/smythsnewsagentsclaremorris/

Its not all gloom in retail

brightkane · 22-04-2018 11:40AM

Can we get back to the Bargains

fleet_admiral · 26-04-2018 08:39PM

I work opposite but haven't popped in. Is it worth it?

markpb · 26-04-2018 08:58PM

fleet_admiral wrote: »

I work opposite but haven't popped in. Is it worth it?

It depends. Do you like children's toys?

fleet_admiral · 26-04-2018 11:26PM

markpb wrote: »

It depends. Do you like children's toys?

My six year old son does

ozmo · 29-04-2018 01:30AM

Hamleys (and maybe the Cinema) were the only reasons we ever went to Dundrum.

Is there any reason for anyone with a lidl/tesco nearby to bother going to the store now? Are there any unique or interesting shops left there at all (that are not overpriced clothes shoes shops)?

Even the nice sushi place at the elevators was gone last time I visited.

ted1 · 29-04-2018 01:49AM

I’d say that few people go there fir actual grocery shopping

markpb · 29-04-2018 09:39AM

ted1 wrote: »

I’d say that few people go there fir actual grocery shopping

Someone should tell Tesco!

ted1 · 29-04-2018 09:58AM

markpb wrote: »

ted1 wrote: »

I’d say that few people go there fir actual grocery shopping

Someone should tell Tesco!

Clearly some do , but as a percentage of the overall total it’s few

road_high · 29-04-2018 02:47PM

ozmo wrote: »

Hamleys (and maybe the Cinema) were the only reasons we ever went to Dundrum.

Is there any reason for anyone with a lidl/tesco nearby to bother going to the store now? Are there any unique or interesting shops left there at all (that are not overpriced clothes shoes shops)?

Even the nice sushi place at the elevators was gone last time I visited.

I like Hollister, shop is too small and annoying though.
Like a look around the others but don't buy much unless in the sales tbh.

todolist · 10-05-2018 08:52PM

Is Hamlyes in Dundrum closed for good?

tedpan · 10-05-2018 08:55PM

todolist wrote:

Is Hamlyes in Dundrum closed for good?

Yes

CeilingFly · 10-05-2018 10:16PM

todolist wrote: »

Is Hamlyes in Dundrum closed for good?

Not necessarily. It may reappear as a concession in house of Fraser - esp at Christmas.

Same primary shareholder.

Hamleys Dundrum closing down 50% off everything

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