Merchandise discount at Disney Springs now available with coupon from theme park dining

[MichWolv]

And how did you come by this "wealth" of information? Did you go to each store manager and collect their sales for the day? Did you connect to each chains POS system and download daily sales by store?

Private stores are under NO obligation to share their sales data with Disney or anyone. So, you have no idea if they are doing well. Please do not speculate. You end up sounding like the MSM.

Where do you get your wealth of information on the terms of the leases that these tenants have signed? Have you read them, or are you speculating? Many leases indeed do require lessees to share information on sales with the lessor. Indeed, rents often vary based on sales. Of course, sharing with Disney wouldn't require them to share it with @wdwmagic anyways, so that half of your rant, even if true, is irrelevant.

@wdwmagic is not known for making statements without information. Indeed, he is known for only making statements that he is confident of.

 

[MichWolv]

Town Center is doing fantastically well, the Disney operated stores in the Marketplace are struggling a little. This discount only applies to those locations.

I have to admit that before you posted this, I interpreted this move as indicating that Disney was pulling out all the stops to help the third party retailers, and that these coupons were Disneys way of saying to the third party stores "We will draw park-goers to the Springs with discounts that we will bear the brunt of, and once they are at Springs, they'll hit up your stores as well."

 

[trampdog]

Where do you get your wealth of information on the terms of the leases that these tenants have signed? Have you read them, or are you speculating? Many leases indeed do require lessees to share information on sales with the lessor. Indeed, rents often vary based on sales. Of course, sharing with Disney wouldn't require them to share it with @wdwmagic anyways, so that half of your rant, even if true, is irrelevant.

@wdwmagic is not known for making statements without information. Indeed, he is known for only making statements that he is confident of.

LOL! You invalidate your own statement.

You are wrong. The lease is a financing term. The only thing Disney is entitled to are assets within the store should they not be able to pay their lease. Which will be happening very soon to Trophy Room.

 

[MichWolv]

LOL! You invalidate your own statement.

You are wrong. The lease is a financing term. The only thing Disney is entitled to are assets within the store should they not be able to pay their lease. Which will be happening very soon to Trophy Room.

Suggesting that I lack knowledge of typical lease terms is as ill-conceived an idea as accusing our site manager of speculation without information.

 

[trampdog]

Suggesting that I lack knowledge of typical lease terms is as ill-conceived an idea as accusing our site manager of speculation without information.

Well I do and I did. Makes no difference. Just like the MSM, when you can show me the facts and data to back up the statement, I'll believe you.

 

[Jon81uk]

LOL! You invalidate your own statement.

You are wrong. The lease is a financing term. The only thing Disney is entitled to are assets within the store should they not be able to pay their lease. Which will be happening very soon to Trophy Room.

Concessions that operate in a department store often pay a rent plus a percentage of sales, it wouldn't be impossible for Disney to have adopted a similar model here.

Also Trophy Room is located in an odd area of Town Center, took me several visits before we saw it.

 

[MichWolv]

Well I do and I did. Makes no difference. Just like the MSM, when you can show me the facts and data to back up the statement, I'll believe you.

Which statement?

 

[wdwmagic]

I have to admit that before you posted this, I interpreted this move as indicating that Disney was pulling out all the stops to help the third party retailers, and that these coupons were Disneys way of saying to the third party stores "We will draw park-goers to the Springs with discounts that we will bear the brunt of, and once they are at Springs, they'll hit up your stores as well."

It is all about driving people to the Disney operated stores in the Marketplace, that is where things are not meeting projections.

 

[wdwmagic]

And how did you come by this "wealth" of information? Did you go to each store manager and collect their sales for the day? Did you connect to each chains POS system and download daily sales by store?

Private stores are under NO obligation to share their sales data with Disney or anyone. So, you have no idea if they are doing well. Please do not speculate. You end up sounding like the MSM.

The third party stores of course keep in contact with Disney about performance. And certain highlights come my way. And as I said before, some of those stores have reported to Disney that their Disney Springs location is the highest performing store in their entire countrywide lineup.

Not speculating. Its a fact. Choose not to believe it if you wish.

 

[Animaniac93-98]

It is all about driving people to the Disney operated stores in the Marketplace, that is where things are not meeting projections.

Maybe because most of that merch is available elsewhere on property? World of Disney is one stop shopping for the basics like mugs and plush, but so is all of Main Street, Hollywood Blvd, Mousegear etc.

 

[Bairstow]

This might not be indicative that any of these stores are struggling. It could just be an attempt to make even more money and/or alleviate crowding in the parks.

Anecdotal, but when I visited in September all the stores were mobbed, even World of Coke.

Uniqlo in particular was a madhouse.
Got some good stuff there for cheap.

 

[danlb_2000]

LOL! You invalidate your own statement.

You are wrong. The lease is a financing term. The only thing Disney is entitled to are assets within the store should they not be able to pay their lease. Which will be happening very soon to Trophy Room.

A lease is a legal contract when one party is renting property from another and can go far beyond just financial terms. If you are renting space in a mall for example it will dictate what the renter can and cannot do with the property, the hours they have to be open, who is responsible for repairs etc. I don't know what's in Disney's lease, but it's totally reasonable to believe the reporting of sales could be made part of a lease agreement. This would be a requirement if part of the financial terms is to pay a percentage of the stores income.

 

[wdwmagic]

This might not be indicative that any of these stores are struggling. It could just be an attempt to make even more money and/or alleviate crowding in the parks.

But it is. The Marketplace stores have not met expectations since the bus stop move.

 

[rob0519]

But it is. The Marketplace stores have not met expectations since the bus stop move.

A key word here is "expectations". Disney may have increased their expected earnings statement for their stores with the completion of Disney Springs and the parking garages. If customers are spending their money at non-Disney stores that they do not have at home, some of their money is being diverted away from Disney. So even if spending volume is the same year over year for the Disney stores, they could be "struggling" based on new expectations.

 

[trampdog]

A lease is a legal contract when one party is renting property from another and can go far beyond just financial terms. If you are renting space in a mall for example it will dictate what the renter can and cannot do with the property, the hours they have to be open, who is responsible for repairs etc. I don't know what's in Disney's lease, but it's totally reasonable to believe the reporting of sales could be made part of a lease agreement. This would be a requirement if part of the financial terms is to pay a percentage of the stores income.

So I stopped by the L'Occitane store in Irvine, CA while on business this week (love their shave cream). I go in there pretty regularly and pretty regularly in the DS store. I decided to talk to the manager, a very nice woman. I started talking about DS and she knows a lot about it. They do not have a lot of retail locations and she let me know that it was their largest store and the one they are modeling the Irvine store expansion after. I started telling her about the conversation going on here. She was amazed. The Irvine store does not share any info with The Irvine Company (owners of the mall) and did not think the other stores shared with their mgmt companies either. She then called the manager in Orlando (they have a list of all locations and managers). The DS manager confirmed they don't share sales with Disney and not even regular;ar employees. They would be fired if they did.

Your info is wrong, speculation, and has no basis what-so-ever. But, then again like 90% of stuff posted here, it is not researched.

 

[danlb_2000]

So I stopped by the L'Occitane store in Irvine, CA while on business this week (love their shave cream). I go in there pretty regularly and pretty regularly in the DS store. I decided to talk to the manager, a very nice woman. I started talking about DS and she knows a lot about it. They do not have a lot of retail locations and she let me know that it was their largest store and the one they are modeling the Irvine store expansion after. I started telling her about the conversation going on here. She was amazed. The Irvine store does not share any info with The Irvine Company (owners of the mall) and did not think the other stores shared with their mgmt companies either. She then called the manager in Orlando (they have a list of all locations and managers). The DS manager confirmed they don't share sales with Disney and not even regular;ar employees. They would be fired if they did.

Your info is wrong, speculation, and has no basis what-so-ever. But, then again like 90% of stuff posted here, it is not researched.

My information is 100% correct. I never claimed that Disney DID require reporting of sales, I was refuting you claim that leases were simply a financial agreement and that reporting of sales number would never happen. Here are the facts...

Proof that store leases sometimes require payment of a percentage of profits which would also require financial reporting:

https://www.propertymetrics.com/blog/2014/01/16/percentage-rent/
http://www.nolo.com/legal-encyclopedia/clb-percentage-rent.html

Proof that leases go beyond "financing terms" as you claim:

http://www.crosscountymall.com/sample-lease-cc-mall.pdf
https://www.google.com/url?sa=t&rct...DW8cwQfpKFp5NSDJA&sig2=z7iBVZUiN0jczoXwN6-M0g

 

[danlb_2000]

So I stopped by the L'Occitane store in Irvine, CA while on business this week (love their shave cream). I go in there pretty regularly and pretty regularly in the DS store. I decided to talk to the manager, a very nice woman. I started talking about DS and she knows a lot about it. They do not have a lot of retail locations and she let me know that it was their largest store and the one they are modeling the Irvine store expansion after. I started telling her about the conversation going on here. She was amazed. The Irvine store does not share any info with The Irvine Company (owners of the mall) and did not think the other stores shared with their mgmt companies either. She then called the manager in Orlando (they have a list of all locations and managers). The DS manager confirmed they don't share sales with Disney and not even regular;ar employees. They would be fired if they did.

Your info is wrong, speculation, and has no basis what-so-ever. But, then again like 90% of stuff posted here, it is not researched.

This is an older contract for Build-a-Bear leasing space in Downtown Disney Anaheim:

http://contracts.onecle.com/build-a-bear/disneyland.lease.2001.06.21.shtml

" 3.2.3. Tenant's point of sale system shall be reasonably
acceptable to Landlord. Such point of sale system shall be compatible with
Landlord's computer system so that Landlord may retrieve data regarding Tenant's
sales directly through such means on an as desired basis.

3.2.4. In addition, Tenant shall submit an unaudited daily
report of Gross Sales (including exclusions thereto). Such count shall be
telecopied daily in writing to such person or persons as Landlord may designate
from time to time."

Also, at least some non-Disney stores/restaurants at Disney Springs accept Magic Bands for payment, so Disney would know at least some of what is being spent at these locations.

Once again, I don't know what the current agreements are between Disney and all the DS stores, but I think I have made it clear that the idea of financial reporting is not out of the realm of possibility.

 

[trampdog]

This is an older contract for Build-a-Bear leasing space in Downtown Disney Anaheim:


Once again, I don't know what the current agreements are between Disney and all the DS stores, but I think I have made it clear that the idea of financial reporting is not out of the realm of possibility.

I'm just telling you what L'Occitane confirmed.

Don't get me wrong. I like nice stuff. I have the money for nice stuff. A week ago I was staying at the Poly. I did a fair amount of shopping in DS, mostly out of boredom and crowds at the park. I spent a good amount of money at Tumi, but I was definitely in the minority of shoppers on a busy night. Well, except for the foreigners who seem to have an endless supply of cash. This repeated itself on many visits.