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Island Companies closes stores in Georgetown

Syracuse, New York
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for Seven Mile Beach, West Bay, Syracuse, Cayman Islands
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Island Companies closes stores in Georgetown

According to the caycompass.com Island Companies, owned by Dart, are closing quite a few stores right on the waterfront, while leaving their other stores in places, like Camana Bay, open. They lay blame to the dwindling cruise ship visitor spending and say that they would be looking to the new proposed cruise ship berthing facility as a way to recover.

compasscayman.com/caycompass/…

I don't think it will directly affect overnight visitors to the island, since there are alternative locations for most stores. What does it say about the future of the waterfront area?

What do you think?

Trophy Club, Texas
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1. Re: Island Companies closes stores in Georgetown

What does it say? Dart gets what Dart wants. Don't forget about a plan floated at one time (not saying it was a Dart plan) about cutting the island in two for a cruise ship passage to the North Sound. Where is Camana Bay located again?

Knoxville, Tennessee
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2. Re: Island Companies closes stores in Georgetown

This is the same dilemma that is being faced in just about every downtown area everywhere. No matter where you look, there is vacant retail space. Same thing at the malls. People have only so much disposable income, especially for the types of products that were being sold in the stores mentioned. Add to that the fact that cruise ship passengers can probably buy the same goods, or very similar, at other ports. For other visitors, going downtown, especially when ships are in, can be a nightmare, so if they can get the same stuff in Camana Bay or other more convenient locations, why bother? Hopefully the space will be filled with other things but only time will tell.

NJ
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3. Re: Island Companies closes stores in Georgetown

I can recall speaking with a couple of town store employees/managers right after Camana Bay opened and both said the future plan was to shut down the town locations and move there. I don't know if it was just their vision or if there was some organized discussion on it as they said eventually cruise ship passengers would be bussed(a charter type deal) to Camana Bay for shopping anyway. But don't ask me which stores LOL it's been a few years.

Grand Cayman
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4. Re: Island Companies closes stores in Georgetown

I think it was a pretty straightforward business decision. The stores affected sold the same jewelry, watches, sunglasses, and Pandora that Island Companies stores sell at the Island Plaza less than two hundred yards away. If anything with the new building going in on the footprint of the craft market, the expected reopening of the Landmark, and Island Companies putting more focus on Island Plaza, the Cardinal Avenue shopping district will be much improved and the downtown shopping experience far superior to that of other areas on the island.

Colorado
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for Seven Mile Beach, Grand Cayman, Crested Butte, Gunnison
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5. Re: Island Companies closes stores in Georgetown

Agreed with Paperman. Blaming cruise ship passenger numbers is like Starbucks complaining about poor sales in the Starbucks they built across the street from another Starbucks. Closing the stores is a business decision plain and simple, and it gives Dart another chance to advocate for berthing facilities in the Harbour.

Marengo, Illinois
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6. Re: Island Companies closes stores in Georgetown

Grand Cayman is definately losing money by not building a birthing dock.

Grand Cayman
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7. Re: Island Companies closes stores in Georgetown

The new Shetty Hospital will be a regional center focused on cardiology. Although I agree that here, like many other counties throughout the Caribbean that lack education on family planning could benefit from a professional Doula Center. I don't feel the current, or forecast population explosion would require a the construction of a dedicated dock.

Colorado
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for Seven Mile Beach, Grand Cayman, Crested Butte, Gunnison
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8. Re: Island Companies closes stores in Georgetown

"Grand Cayman is definately losing money by not building a birthing dock."

There are few things in this world that are definite and a dock is not one of them. To claim that, costs and environmental impact aside, building a dock will be a money maker, fails to take into account the complex tourist economy of the Cayman Islands and the impact a dramatic increase in cruise ship visitors will have on other sectors of the tourist economy.

Annapolis, Maryland
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for Grand Cayman, Cayman Islands
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9. Re: Island Companies closes stores in Georgetown

Agree with smushie.

10. Re: Island Companies closes stores in Georgetown

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