It's the duty of the rich to spend their money for the benefit of others, either through hiring staff to catch ping-pong balls or by spending up large with retailers. Since they can't take it with them, they might as well spread it around, which Dotcom and Talley have manifestly done. It's thanks to people like these that decent department stores and classy retailers survive - not that they shop in them in person, necessarily, but they have wives, mothers and girlfriends who like nothing better than a shopping challenge. There is magic in their carry bags, the green Kirks ones in themselves a sign of prestige in genteel circles, but currently lacking in mystique.
The mystique of Kirks was great in my mother's day, when the buyer of women's fashions was a discreet, scary figure of God-given immaculate taste. My mother would only be served by her in person, knew her by name and would come home armed with new dicta: "It's pink with red this season", or "Rust is in". Something expensive, guaranteed to be the operative word "smart" would be slammed on to her store account, to be paid off in miniscule amounts. Her problem was that she was poor, not mean, but poor people don't keep big department stores afloat. This is what does: having the goods and probably taste as well.
Kirks is planning to hire brand experts to help prepare it for eventual sale. Nameless investors are said to want to buy it: its retail business has been foundering for years, although its property arm makes money. Natural, then, for business jackals to circle, strip the profitable bit from the store, which loses money, and have other plans for the capital's retail icon.
I have a gloomy feeling about the future of the store where, to be honest, I don't buy an awful lot. I'd be especially hard pressed to spend a cheery thousand dollars in the women's fashion area, which has been depressingly unfashionable for years. What can explain this in a country of inventive designers, where the average age of women is not yet 70 plus?
Sadly for great department stores everywhere, the world isn't like it was in my mother's time: we have choice and, in the internet, serious competition. This is where Dotcom and I would step in, in an ideal world; my brains, his money. I could rejig the whole thing in 20 minutes, give him a charge account and instantly save the day.