B&H Expanding Its Physical Footprint

logan2z

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I missed this when it made the local NYC news last month...

B&H Photo Buys Former Sam Ash Space and Office Building at Discount

Photography giant B&H is expanding its footprint at the corner of Hell’s Kitchen with the $150 million purchase of 333 W34th Street — a 10-story office building whose retail space was most recently home to Sam Ash Music. The acquisition was at a major discount, which has become typical in recent...
w42st.com
 

Arthurwg

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Yes, retail space and other commercial property in NYC is selling at a deep discount, maybe 30%. But it's difficult to imagine a bigger B&H. And BTW, no one knows what they gross, it's all private. Some put it at over $1 billion annually. I can bet they know what they are doing.
 

runswithsizzers

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Bold move in today's economic climate. I am guessing a significantly large number of the items B&H sells are made in China(?) Current ongoing events may or may not make Chinese manufactured goods more expensive or less available(?)

{Moderator's note - need to restrain the political content - as it isn't in accord with Photrio rules}
 
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GregY

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runswithsizzers said:
Bold move in today's economic climate. I am guessing a significantly large number of the items B&H sells are made in China(?) Current ongoing events may or may not make Chinese manufactured goods more expensive or less available(?) ******
Click to expand...

Commercial real estate in a downturn is a good investment..particularly when the location fits..non?
 
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mtnbkr

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I suspect they have the business to support this. I've been to their site in NYC twice and it was busy both times. That said, they sell a lot of products beyond photography. I've purchased a number of non-photographic printers as well as rifle scopes from them. Nice thing...their shipping rivals Amazon to my home here in VA. Pricing is competitive as well.

Chris
 

Tel

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I’ve come to like B&H; they’ve consistently supported film shooting by stocking the films and chemistry I needed and with their programming in the event space. Whenever I’m in the city I go there, if only to go to the used-camera desk and drool.
 

Sirius Glass

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I use B&H and even got their credit card for large purchases recently. It is nice to see a camera store expanding these days.
 

GregY

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Arthurwg said:
Now I'm wondering what happened to Sam Ash, another New York institution.
Click to expand...

Apparently they filed for bankruptcy last year. All the physical locations closed. Gohner Music from Mexico bought the company and operates as online sales only.
 
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