Now for a lighter post.
You know you live in Irvine when:
- Seeing Fire Engine 51 is a daily occurence
- You can give directions to at least three Starbucks, one Coffee Bean, and one Boba place.
- You have a favorite parking place at one of the following places: Fashion Island, South Coast Plaza, or Irvine Spectrum.
- You’ve sampled any of the following without leaving the city limits: Pho, dim sum, Taiwanese noodles, sushi, thai food, or Korean barbecue.
- Seeing a Tesla, Ferrari, or a Bentley is a daily occurrence.
No, by a 10 point margin. The final result was 55% to 45% in favor of Scotland staying in the union. Now the question is whether or not Scotland receives all of the promises offered by PM David Cameron.
I think the answer is the same as the vote – no.
The polls have closed in Scotland for the independence vote. The BBC reports over 90% turnout in Scotland and Sky News reports some areas with 100% turnout.
We should get an idea of the early returns tonight and a final result sometime thereafter.
Buckle your seat belts. It’s going to be a fun ride if the vote is YES.
While a few observations do not make a trend, I do see a lot more “Space Available” signs in front of office buildings. I counted three new ones on Barranca between Irvine Center Drive and CA 133. Plus, there is a new 20-story building under construction at Spectrum and Irvine Center Drive. I don’t know if businesses are letting leases expire and consolidating operations, but I’m almost positive that prices per square foot for Class A office space around here are dropping.
I’m watching this development closely.
I perused this post over at ZeroHedge concerning the current retailing environment. We’re at the end of the school buying season and getting into fall. Six years later we are still feeling the effects from the 2008 financial crisis. The author if the post commented that Kohl’s still had a lot of summer inventory available even a few days ago.
School buying was a very big deal when I was young. I would get dragged to Sears for school clothes and the Toughskin jeans. Then I would get dragged to another store for school supplies. 30 years later Wal-Mart is the place to go and Sears is an afterthought. Why go to so many places when you can get everything in one place?
If one looks at the retailers that were big 30 years ago, the big three at that time were KMart, Sears, and JCPenney. All three are now in contraction. KMart and Sears are going down together in terms of store closings since 2000. JCPenney is in contraction too. It looks like Kohl’s is not far behind it older competitors.
The main metrics to review for any retailer are same-store sales and foot traffic. If same store sales are declining 4% over the previous year, that is a sign of trouble. If the trend continues, we’ll see a lot more “Space Available” signs at these large big-box locations.
We’ve visited South Coast Plaza several times since our initial visit in 2012. Based on my own observations, there are not as many shoppers in the mall as in the year prior. This mall is favored by foreign tourists with most of them coming from China. I see more tourists than locals on any given day. While I’m not proclaiming the death of the shopping mall now, I think malls will have to change.
But if you’re a retailer depending on lots of foot traffic, I’m afraid that declining sales are the norm now for quite some time.
This week we learned from several sources that RadioShack’s current round of restructuring efforts have failed and a bankruptcy filing is imminent. The report is linked here. RadioShack is an example of a retailer with significant structural issues lasting over two decades and a marketing failure. Their web site is not as useful compared to Amazon or other Internet retailers.
So what happened? The names and addresses gathered at checkout were never used in direct marketing campaigns. The yearly catalogs stopped. Mailed flyers stopped. Even address gathering stopped when customers complained. (Remember the complaints by customers when the name and address were asked at checkout?)
Technology changed because of the cell phone. Most big box retailers sell the smartphones now and RadioShack dedicates a good chunk of its floor space to cell phones and accessories. Some of the older items like ham radios and scanners were dropped or, in the case of the latter, made available from the warehouse. The stereos are gone now replaced with TVs. The employees may be knowledgeable, but I only find one or two on duty at any time.
The trouble is that while most of the products at RadioShack can be bought on Amazon with two-day shipping, most of the other products can be bought at the local Best Buy or other electronics superstore. While RadioShack has closed many locations in the past, bankruptcy will allow the retailer to shut down low-performing stores. But why stop there? All that is left is inventory and leased retail space. Under bankruptcy RadioShack can terminate leasing contracts and close stores. Employees are guaranteed to lose their jobs.
In the 1980’s, employee loyalty went out the window with mergers and acquisitions. Now, customers care more about price and to a lesser extent quality. Why go to a retail store and possible walk away empty-handed when the item can be found on a web page and shipped within two days? It’s a time savings. Customers may have realized that their time is very valuable.
All I can say is good bye. You had a good run RadioShack. Now, get into the Retail Dead Pool with the likes of Circuit City, McDuff, and other closed retailers.
I haven’t written about my HDTV experience since moving to Southern California in 2012. After a year with cable TV, the value proposition wasn’t there and I dropped the TV. Now that I’m a cord-cutter for the second time around, here is my take on HDTV in Los Angeles.
In one word – SELECTION!
I went back to my old favorite HDTV antenna which is the Terk HDTVa. Once I connected the antenna and placed it on a shelf, the fun really begins. Upon the initial scan, I had 150 channels. About 10% of them were duplicates and I noticed the duplicates were shopping channels such as HSN and QVC.
Asian programming is king here. LA 18 has 10 channels of Asian programming. Most of the other stations have some form of Asian programming. My two current favorites are NHK World on 28.4 and Arirang on 44.5. There is a Filipino-American channel on 31.3 but this channel runs mostly Net25 shows from the Philippines.
KCET is the ex-PBS affiliate. Now, KLCS is the primary PBS affiliate in Southern California although I can pick up the PBS SoCal station too. Some of the sub-channels are very good.
Nostalgia channels are big here too. NBC 4 has COZI-TV, KTLA 5.2 has Antenna TV, and KDOC 56.3 has MeTV. RTV is on 8.1 but I can’t pick it up here in Orange County.
Going from the #2 most diverse HDTV market to #1 was very easy. I look forward to searching for more channels as they become available.
A week has passed since the KitKat upgrade and the Verizon Galaxy Note 3 is going strong. I have researched a few items, tested a few others, and here are the results.
iBolt dock – works the same as on Android 4.2. The associations are still the same and the iBolt dock app still functions. No real changes between 4.2 and 4.4.2.
ISIS App – During the upgrade whatever was stored (think ssh handshake and keys) must have been deleted. After the upgrade, I had to log back into the app with the username and password. Once that happened, I was able to use the app. Today, I was finally able to use the ISIS tap-to-pay function and it worked. Apparently, upon the first purchase there is a key exchange between the app and the secure element in the SIM card. Then the purchase went through. This exchange took about 6 to 10 seconds to complete from placing the phone on the card terminal and the familiar beep when the information gets to the terminal. Now that I made my first purchase, I should be able to use the ISIS app like before.
Financial Apps – please check them after you upgrade (especially ISIS) and any app using a pattern instead of username and password to authenticate. Be careful because 4.4.2 will erase some information from apps and keep other information. Please keep this in mind.
Emergency Alerts – new app which controls the Emergency Alerts. Under 4.2, the Emergency Alerts settings were under the main settings app. Now, the alert settings are under their own app. The app icon is a solid red triangle with a yellow exclamation point in the middle.
Be careful with the upgrade. Also, make sure to use a good password manager on your phone. It will come in handy when setting up the apps after the upgrade.
So far, the Note 3 is liking KitKat. After rebooting the phone once after the update everything appears to run faster. I did have to update a few apps from the Play store but other than that the phone is running very well.
The split screen window does not exhibit any issues. All of the apps are running faster. I don’t have games loaded on the phone so I can’t gauge the gaming performance of the phone. Also, I haven’t seen any problems playing videos from YouTube or other sites.
I still have to test the compatibility with my iBolt dock. I noticed some issues with the Note 3 versus the S3 and I know there may be some differences between the different Android software versions. Once I get the phone on the dock I’ll see what happens.
There is no noticeable issue with the Bluetooth either. I need to see how it works with a modern radio. My experience with the Note 3 and the Microsoft Sync on a Ford Taurus was very good. I’ll try the syncing on a newer Ford vehicle and see if there are any changes. One of the concerns I have is with the new Fusion and the Sony radio. I would like to see if there are any significant differences between KitKat and 4.2 concerning the Ford radios.
Overall, the Android 4.4.2 update from Verizon has worked very well. I expect another update in the next six months to address other small issues which crop up from time to time. When I picked up the Note 3 in November 2013, there were two software updates before KitKat. I expect another two updates before Christmas.
The local Sears store in Laguna Hills (as part of Laguna Hills Mall) will close in July. The mall will be refurbished into an outdoor mall plaza.