Jos. A. Banks Closes

img_2873

Another shop has closed on upper Wisconsin Ave. in Georgetown. The Jos. A. Banks store has cleared out.

The store only just opened at the end of 2012. It was part of the new Safeway-owned development that the grocery store built following the reconstruction of the Social Safeway.

It would be tempting to ascribe this closing to the general malaise of that strip of stores. While it probably did not help that this is such a economically challenged couple of blocks, this particular closing probably more relates to the decision by the company to close 250 stores in 2016.

A similar dynamic probably helps explain the closing of Noodles and Co. next door.

The vacancy rate for upper Georgetown is getting downright troubling. Some have been empty literally for years. What can explain this? Why don’t landlords lower the price? It’s baffling.

Advertisements

Leave a comment

Filed under Uncategorized

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s