Leica Store Las Vegas Closing Its Doors Today

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Got this notice this morning. Does anyone have any backstory to this sudden (to me at least) development?

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[logan2z]

I received the email too and posted it in the 'Leica News' forum before I saw your posting.  No idea what happened there.

[adan]

I'm sure this was one factor - even though the LV economy has been recovering in 2021. The recovery may have just been in the wrong segment(s) of the market - or "a day late and a dollar short."

https://www.cnn.com/2021/01/13/business/las-vegas-economy-ces-2021/index.html

And/or it could just be Ceasar's Palace pushed up the rent to cover their own shortfalls last year (if any), and the margin (sales:rent) was just no longer sustainable.

Unless you can look at someone's books, you never know for sure if a business is doing well, or getting by, or right on the razor's edge.

Our art gallery had a banner year in 2020, and 2021 is shaping up to be another - while others on the same street (mostly higher-end than us) folded. I was on the Board last year - and even I can't tell you exactly why (although I have some ideas).