In 1962 Fargo was one of the first places to get a K-Mart. Prior to that the name was Kresge's, a name Winnipeggers were equally familiar with at Polo Park or Portage Avenue. Winnipeg's Kresge's was constructed in 1954 downtown and then another in 1959 in Polo Park. Kresge's ended in Winnipeg in the 1980s and K-Mart ended in Canada in 1994.
K-Mart has been a mismanaged company for decades after once numbering over 2000 stores. The Canadian stores, in a pattern we have seen from U.S. retailers, were bled dry to pay for missteps in the U.S.
In the U.S. we have seen two sinking ships K-Mart and Sears bound together in failure. Sears in Canada was sacrificed to keep the U.S operations afloat. It hasn't worked. Stores keep closing.
Fargo and Grand Fork, North Dakota have seen Sears and K-Marts shut down in their metros. Fargo-Moorhead lost the Moorhead K-Mart in 2016. Sears closed at West Acres in 2017, Sam's Club in Moorhead in 2018. Herberger's in Fargo West Acres in 2018.
Macys in Columbia Mall Grand Forks closed in 2017. Sears closed in the same mall in 2018. Pier 1 Imports at the parking lot there closed 2018 as well. Horbacher's Grocery store nearby closed in 2018.
In short, it is a disaster. Both major Grand Forks and North Dakota malls are looking to change things up. There is no such thing as an anchor store anymore.
And now in Fargo along University, south of North Dakota State University, the city loses their last K-Mart.
Too many stores, too much online shopping and and changes in what people like are the main culprit.
Winnipeg has not seen as deep a smackdown but even in this city, we are re-evaluating what a mall is known for. Polo Park is considering residential which may be the smartest dynamic for future success.
For Winnipeg's travelling to North Dakota, the question is: Will their shopping stop in Pembina, North Dakota just for pick-ups?
No comments:
Post a Comment