Hot on the heels of this morning's second quarter earnings report was the Times Co.'s conference call, intended to explain said report. CEO Janet Robinson once again proved that she is a master of the Boston-area retail market. She just loves to bring up the opening of the new Nordstrom and Neiman Marcus in the Natick Mall! And that the Bloomingdales in Chestnut Hill moved to fancy new quarters! And like, that means more ads for the Boston Globe, ya know. But. The Bloomingdales move was completed months ago (as was the turnover of the old store to an "upscale" Macy's, if you can imagine such a thing), and we're just wondering how long she's going to beat this Nordstrom and Neiman's drum. Can those two stores alone save the Boston Globe? And then she made a fatal error. She stumbled onto our turf—thanks to our discount-loving (Jewish!) heritage.
"Filene's Basement has also opened in Boston," she said "That causes opportunity for us to think about more incremental growth there." Um, what? Filene's Basement has been in Boston since 1909. And they're closing the flagship Downtown Crossing store next month because the building is being redeveloped (condos!), and it may or may not reopen in the same location! So, analysts, you might not want to take her word as gospel. At least when it comes to discount clothing stores in the greater Boston area, the only thing we really know anything about.