23 replies to this topic

[sunnyCA]

Hard to believe another great shop is going...We will miss this cool gift shop!

[Jolene]

Oh, no. That's too bad. I was afraid that would happen when the Webkinz fad died down. I know economic times are tough, but it seemed that a majority of their business came from the sale of Webkinz.

Really too bad. Losing a very unique store with great staff.

[Barb J]

I too am very sad that Periwinkle is shutting its doors. I got an email saying they are shutting down and that they will give you $1 for each Webkinz card you have (collect 10 and get a free Webkinz). I think I have about 6!

Barb

[Darthvader]

Oh, no. That's too bad. I was afraid that would happen when the Webkinz fad died down. I know economic times are tough, but it seemed that a majority of their business came from the sale of Webkinz.

Really too bad. Losing a very unique store with great staff.

How was the place unique if they went under because the Webkinz fad died? If you base your survival on a fad that's a bad business model if you ask me.

[john]

they were a great store. Very high rent in that space.

[Suburban Pool Service]

they were a great store. Very high rent in that space.

Just curious, and somewhat Off Topic but at what point does a land lord just let a business go under and leave their space vacant, than re-negotiating the tenants rent to a lower rate so the business can survive and the space stays filled filled. It's simple logic to me for the land owner to keep the space filled even at a slight loss or break even point than to let it stay empty till who knows when...... just thinking out loud, nothing more nothing less.

[HappyDaisy]

I was just there a week and a half ago and they sold me gift cards. I have a hard time believing they didn't have some idea they would be closing their doors. Hopefully, the people I bought the cards for get over there and use them asap...and I guess I learned a lesson.

[M.E.G.]

Right now, about the only gift cards I buy are Costco, movies or grocery store. I don't think you can take a chance, too many places are going out of business.

M.E.G.

[ducky]

Right now, about the only gift cards I buy are Costco, movies or grocery store. I don't think you can take a chance, too many places are going out of business.

M.E.G.

That's been my habit, too, with all the places going under.

[bordercolliefan]

I visited Periwinkle for every kids' birthday party we've been invited to in the past few years. I thought the "last minute kids' birthday present" business was enough to sustain them here in Folsom.

[folsom4us]

I had a feeling. The last few times I went in there everything was on sale.

I loved going there for special gifts. I hate to say this, but they should've stayed small. It seems once they took over the space next day and remodeled the recession hit big time.

I went in there for a fundraiser donation one day and she(the owner) walked around grabbing stuff for me to use in the raffle ( a webkin, lotions). It was very kind. The original owners were also very nice.

[asbestoshills]

I feel bad that they weren't able to see that their store was only sustained by Webkinz sales. However, I think the rent of the store had more to do with it. I can't tell you how many homes in foreclosure (and the bank won't renegotiate), restaurants and businesses where the landlord just refuses to budge. It's crazy. For example, I won't name names, but a particular chinese restaurant actually made a decent gross income, but by the time they paid for the rent, they were negative.......
These landlords are hanging on and not negotiating b/c they paid too much for the buildings and it's a snowball effect. Why give the businesses a break, when they can't get a break.......There will be more mini malls and large malls that will go under. Look athe Roseville mall. Even when it's busy, no one is really buying much except for something at the food court and maybe some clothes....I don't get how some of those stores stay in business. There's a store that sells tea, yes tea for like $17 for so many ounces...Not to mention so many kiddies clothing stores. Do you really need to buy your kid a $50 sweatshirt when u can get one for $10 at Target?

[cw68]

I think the landlord/rent issue was a big reason why they closed.

[bordercolliefan]

I think the landlord/rent issue was a big reason why they closed.

Well, that landlord will be sorry now if s/he was inflexible. Aren't there at least 3 vacancies in that strip mall?

[harrmill]

Just curious, and somewhat Off Topic but at what point does a land lord just let a business go under and leave their space vacant, than re-negotiating the tenants rent to a lower rate so the business can survive and the space stays filled filled. It's simple logic to me for the land owner to keep the space filled even at a slight loss or break even point than to let it stay empty till who knows when...... just thinking out loud, nothing more nothing less.

Ya know, I often wonder about this, too. Not to hijack this thread. It would seem that the landlord would *want* to keep a space occupied and would try everything to keep a tenant in place - maybe there are limits. I also wonder about building a strip mall that sits empty or nearly so (Sibley and Glenn, and next to the high-school on Iron Point).

Perhaps someone with some commercial real estate can esplain? Is there some sort of incentive to build a brand new building on vacant land and have it sit empty? Does the landowner get some sort of tax break or something? Is a landlord somehow better off with an empty space as opposed to a tenant that cannot pay rent? Maybe this is so, but I dont understand, either.

harrmill