…… in reverse alphabetical order this time around.
Even though the demise of Masters Home Improvement Stores has been a long time coming if you ask me, it couldn’t have occurred at a worse time for Adelaide. Because at the time of the announcement, two new stores were being built at Noarlunga Centre and Parafield, and unless the top brass at Bunnings Warehouse, Costco and IKEA are interested in acquiring them, I have a bad feeling that the buildings might remain unfinished and/or empty for quite awhile. And that’s to say nothing about their existing stores at Adelaide Airport and Mount Gambier Marketplace, which may very well be among the first to go in the wake of any impending fire sale.
DICK SMITH ELECTRONICS
Another prime example of a company growing too much too soon, methinks. Of course, when the great Dick Smith started it, the company’s focus was on installing car radios and supplying niche market products to hobbyists, but once he was bought out, the transformation of the business into the ubiquitous, stock standard, and no longer profitable electrical retailer it is now would begin. And in the wake of horrible mismanagement (which tends to account for 90% of business failures), and cutthroat competition from Radio Rentals SA, JB Hi-Fi, and the large format Harvey Norman stores, I’m finding it very difficult to see any light at the end of that particular tunnel.
Adelaide’s oldest enclosed suburban mall has been owned by Armada Funds Management for well over a year now, and I hope they’re not just going to sit on their hands and do nothing with it. While the northern part of the centre was renovated and slightly expanded on Centro’s watch a few years back, the older southern sections have remained largely unchanged for the best part of two decades, which suggests to me that a separate project may be in the pipeline. But once again, a minimalist approach might be taken, since I doubt Myer or David Jones would touch the centre with a 20-foot pole, yet I have a number of ideas that could do the centre the world of good nonetheless:
1. Closing the existing 8-screen Greater Union cinema complex and constructing a new 7-, 8-, or 9-screen Event Cinemas complex within the current Harris Scarfe footprint;
2. Building a free standing ALDI Food Store on the vacant land in the north eastern corner of the Armada Arndale site;
3. Building a new Hungry Jack’s store on the vacant land immediately to the south of that;
4. Constructing a new, larger Coles supermarket on the current Greater Union site;
5. Extending the south eastern mall, adding a new, smaller Harris Scarfe store; and
6. Adding new rooftop parking atop the new section with full ramp access.