Jul
19
Question by jerry M: Are stores in Las Vegas casinos for decoration only?
This week I visited las vegas.
Almost all stores, I saw in Palazzo, Venetian and Caesars, had no customers. Maybe only 2-3 stores out of hundreds had any customers. Others only have bored sales people.
Why don’t those stores just close? How can they pay the rent and salaries?
Or those stores are subsidized by casinos as part of their decoration to have something other than gambling?
I can’t understand how can those stores survive.
Best answer:
Answer by Shoghi
They are overpriced enough that they need fewer sales.
What do you think? Answer below!
Those stores were opened back in the good old days, the worldwide bad economy has affected every business, including these stores in the casinos. In case of bad business and the stores could not pay rent, the casinos, or any shopping mall for that matter, would rather reduce the rent in order to keep the centers open and spaces occupied. If there are more than a few vacancies, shoppers would start to turn away. Somehow a shopping center full of stores attract many more shoppers than a half empty mall. The stores also have contracts with the landlord and most of them cannot just walk away before their leases expire. Every store now is striving to keep their head above water, nobody is thinking about profit right now. They are all waiting for better days again.
I’m sure the casinos do what they need to do to keep most of the stores there up and running. I haven’t seen a lot of stores come and go over the years as you often see at regular malls. But at the same time, they are very high end stores which means they don’t have to sells as much merchandise in general as your regular mall stores. A few Rolexes probably brings in more profit than the Hello Kitty store at the regular mall does in a week. And while most of us can’t or won’t spend that kind of money on things, people from Europe and Japan can still come here and spend a lot less money on designer clothing and jewelry, and they still do. So while most of the day any given store may look empty, Jacque LeBleu, the french winery owner, may have just bought his 25 year old wife an entire new fall wardrobe the day before.