Bob from Omaha wrote: Mon Sep 19, 2022 1:55 pm
There is an interesting dynamic in Des Moines that is related to this discussion.
In Des Moines NFM has a store that sells appliances and electronics and flooring. They relocated to a former Dahls grocery store building. It's not huge but is bright and modern. The Dahls store was vacant and I'm sure the price was more than attractive.
For furniture NFM acquired Homemakers Furniture and retained the separate name. The Homemakers store has been expanded and remodeled over the years and has a distribution center nearby that is connected by an enclosed connector. Again, the store is modern and attractive.
Yes, two separate stores five or so miles apart but still, both relatively modern and not disjointed. Unlike the Omaha store which is a hodgepodge of not terribly attractive buildings.
Again, the Mart hasn't really any incentive to do anything different in Omaha. Decades ago Mrs. B bought a farm northwest of 120th and Dodge with the idea of one day building a west store. Never happened. No need. I guess they are now sort of selling off the farm in pieces.
The incentive to build in KC, Dallas & Austin is that the population in each of them is multiple times that of Omaha and growing, in the case of Dallas & Austin that growth is exponential to an extent. Being owned by Buffet I'm sure he wants any investment to have the greatest return. Ryan might pay lip service to "Omaha being our home" but money talks. No offense to Ryan.
I agree 100%... plus all of their out of state developments (not counting Iowa) has be incentivized by govt handouts... Kansas, Texas... they all helped pay to pull the Mart into those locations by assisting with attractive tax benefits and infrastructure development. I'm not sure of the status but they're putting a second location in Texas which is also being partially funded by their local govt $.
Don't get me wrong - I certainly agree that they're very smart when it comes to growing the company. However they like to act like Omaha is their home when it's convenient. They don't put money behind their original location unless it has direct impact on helping their out of state stores. Case in point, their newest warehouse for customer pickup that's ginormous was mainly built to support their other locations, not to improve the experience for their Omaha customers.
Since moving out west I won't shop at the Mart unless it's an absolute must. I can buy virtually everything I need at other retailers nearby including Best Buy at VP. Or, better yet, I simply go online. The last two mattresses I bought for my kids came from Walmart online and IMO they feel better than the mattresses we had before that came from the Mart for twice the cost.
They treat their employees like their expendable - the days of them being "family friendly" where the Blumkin brothers would buy cases of beer for employees to watch the Huskers National Championship game in the big screen room went by the wayside long ago... kinda like Huskers being good at football. I guess everything changes for the worse.




