Florida Keys News
Thursday, May 10, 2012
Fast Buck Freddie's closing soon
Owner cites cruise ships, Duval demise among reasons

Fast Buck Freddie's, a Duval Street landmark for nearly four decades, will close later this month.

Owner Tony Falcone, who opened the store in 1976 with his late partner, Bill Conkle, said his decision is based on the changes that have overtaken the retail world in recent years.

"Everything's about online shopping now, and at least 100 times a...

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closing Fast Buck Freddies

So sorry to hear about closing. My husband and I have been regular visitors to key West for years. Fast Buck Freddies has been a favorite of ours. My table at home has palm tree candle holders from there. Last year we were so inspired by the upside down Christmas trees we immediately tried to do this at home. We bought decorations for our tree there. This store was part of the Key West we have loved. D Wolf, Ky

What now?

I heard a rumor that Disney Inc. is looking to buy another island, they could put a gift shop in that location

I loved FBF's! I shopped there every chance I got. I'd have

much rather bought there than bought elsewhere. However, with them like every other store in town, if I go there to purchase something and it's out of stock for a month or so, then I do have to go online to shop.

I own a business and I understand how this operates. However, you really have to have the inventory to sell it. I ran into this only once at FBF's. I run into it daily at the other stores in town.

I am like many people somewhat torn over

how to feel about this. On the one hand it was the only really iconic retail store on Duval, the windows were always a treat, and back in the day their FF floats were breathtaking. But over the more recent years they have either not bothered at all of entered floats that looked like a bunch of kindergarteners made. But above that, they simply never seemed to notice what was going on around them. They were stuck in an 80's time warp, with expensive, dated clothing, ridiculously overpriced home decor and boring, very un-Key Westy chatchka that yeah, frankly people would buy online to save money. I feel for the employees, I am sure none of them have any kind of benefits to rely on, as most retail companies do not provide anything other than the minimum required by law. I just really, REALLY hope to god we do not end up with a Forever 21 or some other garbage generic retailer.

Whatever goes in their will be the weathervane pointing in the direction that Key West is going. For those people who still think it is a "funky little town filled with pirates and scallywags". Only in government, only in government.

Thumbs Up

Well said and all true.

Full Circle

I remember going with my grandmother to the Kress lunch counter for grill cheeses and soda. I was so sad when it closed. I am sad again 35 years later. Fast Bucks had such a perfect Key West vibe. It will be missed.

Obama comment

What a ridiculously stupid comment. Everyone knows that it was the Republican admin of George Bush that made this mess and you expect it to be cleaned up in 3 yrs.

Yup. Dubya came into office with an unprecidented surplus and

he blew thru it like a frat boy doing coke off a cheerleader's stomach. It took him 8 years to take us from surplus to devastation, and yet the Pubs and Baggers can't seem to remember that. Oh well...I guess that odd memory loss serves them well in other areas of their lives, too, right?

I posted because I hope that

I posted because I hope that those out there that want to kick people when they're down find some humility, compassion, and learn to take a look at there community and see that not all that is changing is for the better. Key West needs to keep its identity for better growth and look intelligently at our future business endeavors. Locals need to support locals that have really made an impact on the past and future of Key West. I hope our leaders begin to think smart business direction and not just see the greed and dollar signs. Let's keep Key West unique and weird and free-spirited but not degrading and repetitious. I hope many find the chance over the next couple of weeks to stop by Fast Bucks and say something to support the changes coming on for everyone there.

FBF

Wasted away,again,in Margaritaville....

Let's not forget

I have to begin first by saying that I am very sorry to see one of the last icons of Key West leaving Duval. To me, that is what we should all be considered and saddened about most of all. It's amazing how the Duval has changed from that unique shopping experience that I had the pleasure of seeing on my first trip to Key West 18 years ago. One that made me feel like I was in a town unlike any other in the United States. I have traveled extensively over the years and I can say that Key West is truly unlike any other town. So why do we locals settle today for letting it slide into a dirty little town filled with shop windows that have one t-shirt after another. What's amazing to me is that we have a board that scrutinizes every home in Old Town to ensure the integrity of keeping that charm from yesteryear but no group to scrutinize the integrity of business development on the main street that occupies Old Town. I understand the process of economics and the needs of a different generation taking over the supply and demand routines that manifest and drive a store's survival, but have those who live here really taken a good look at what the downtown area has developed into over the past several years. A good example sits on Front Street. The cruise ships (that this town seems so divided over) and other tourists are greeted by buildings that have now been divided into three store fronts and all of them occupied by t-shirt shops--with each doorway screaming, "5 dollars! Everything! 5 dollars!" Next, let me say I am disgusted how people quickly forget what this store and its proprietor has given to Key West's community development and support. I know first hand the amount of time, money, and product that has been shelled out over the years in kindness, support, and loyalty to the nonprofits and social groups that occupy this town. It's funny how people have no problem asking for handouts and saying thank you for the support when they get it; as well as, they have no problem becoming bitter when the handouts have to stop. Is Mr. Falcone not one of the few individuals that created our millions of dollar economic stimulator that happens every October. Yes! He was one of about five that created Fantasy Fest. Wow! It's incredible that some forget the amount of time and money that was given by this store and its owner to create Fantasy Fest. Key West, let's not forget what's happening here. A unique, iconic Old Town store that has occupied the historic Kress building since 1978 is closing. A man who loves Key West and played a great hand in its growth is losing a major part of his life. Employees are out of work and dealing with uncertainty and what the next step should be for survival. Key West continues to slide into a boring tourist trap and lose its downtown charm--especially on the lower end! And, we have one more reminder that we are still living in a bad economy. Tony, thank for the charm of a great store and what you have done for the community over the years. Good luck in future endeavors. Buckaroos, good luck in your next step and keep your chin up. Locals, take a good look at what's happening and start using your voice to save the quirky, unique Key Weirdness that we all moved here for!

Very well said!

Very well said!

Well said Shane. Many

Well said Shane. Many cities have controls and limits on what can go into a shopping district. We already limit tattoo parlors and sex shops, why not $5 everything stores and scooter rentals? Duval is an embarrassment and getting worse every year.

First of all

Supporting a local business just because it's local is absurd. Duval street has become an eyesore which caters to drunks and tourons. I come from sugarloaf and can't deal with the traffic and parking down town, so like most other lower keys folks,I rarely make it past Searstown and Home Depot. The city is partly to blame for being a whore to parking meters.

So....you're saying you're too cheap to pay for parking when in

fact, in most cities in this country, parking is far more expensive than here?

Maybe you need to move up to Homestead where you can have all the big-box stores with free parking, that you want to have.

Envey Zack

Enevy is not good for you Zack.

Zack, if you are too cheap

Zack, if you are too cheap to toss a couple bucks into parking meters, not sure you would buy much downtown. Stay on Sugarloaf.

Last time I put money in a

Last time I put money in a meter it was stolen by a bubba named Suarez. Go figure.

You can't put money in a

You can't put money in a meter and drive away and expect to find your parking space when you get back from driving around the block. Stay on Sugarloaf.

Nail On The Head

Some people have hit the nail directly on the head. Locals are no longer supporting locals. I own a retail shop in town and offer a big name cellular company. My prices are exactly the same as online. I match all deals and promotions and yet I still have people buying online and seeing no issue with coming to my shop afterwards to get activated or numbers changed. Without being rude I try to ask them what they are going to do when I call it quits?? Where are they going to go to get thier problems solved. I cant speak for FBF because ive purchased from them and have had thier employees support me in return. I can tell you if the same people who were buying online had brought the deals they found online to the attention of the store owner manager and gave them a chance to earn the business im sure they would have taken the business. Very sad to hear of a business failing specially when you own one and can relate to the store owners suffering / struggle!

ECONOMY!!!!!!!!!

wake up people.....stop drinking the Jonestown Obama juice!!!!!!Money is going out and not coming in......So many businesses closing and the little ones trying to open are regulated to be doomed.

Turn off your TV

...or at least Faux News and start to think for yourself. Remember, dude, Obama INHERITED the economy from G.W....who inherited a huge budget SURPLUS from old Bill and turned it into the economy-wrecking deficit we've been dealing with for the last few years. Get your facts, straight.

They won't remember. They have some sort of weird brain wasting

disease that seems to shred LONG TERM memory, i.e. anything that happened prior to Obama's inauguration.

If it doesn't fit their agenda, they just make stuff up. That's how Faux News does it - they believe that if you repeat a lie enough times, it becomes the truth.

AMEN!

I totally agree with you! Obama inhertied a huge mess from Daddy's boy DUMBOU but no one seems to remember that one.

How Much Longer

are you Obamaphiles going to blame Bush? Seriously, stop drinking the Kool-Aid and realize that Obama made things 100 times worse.

Facts are facts. Most intelligent people use them. Those who

spew lies over and over, trying to make it the truth are not the group that uses their actual BRAINS to process FACTS. These are the same ones who are just incensed that there is a black man in THEIR White House. I've never seen such an awful environment in this country.

Really? 100 times worse

Really? 100 times worse then 2 wasted wars, banks failing, the car industry going bankrupt? If only we could debate based on facts rather then hyperbole and hate. This country is in deep trouble and it isn't coming from Obama.

This news really sucks

Geez, Nothing like livin in paradise, and the only place left to shop is K-Mart. Albertsons & now FBF. I guess ya just can't have everything.

I would like to say "Thank

I would like to say "Thank You" to Fast Buck Freddie's for a wild ride. It has been an honor to be part of this awesome , though sometimes dysfunctional :) family. No one will ever throw a baby shower like the Buckaroos did for me. I will miss being part of something that made Key West so special.

Turn, Turn, Turn

At this point should we all just pack up and leave the island to the Navy, GAP stores, fat cruise ship tourists and the money hungry developers????????

Suburban Sprawl, Internet And The FIRE Economy

America hit peak oil production in 1970. Three years later, the OPEC Oil Embargo gave Americans its first taste of what could happen in a Peak Oil World where America no longer had enough domestic production to make up for the forced lack of oil imports.

(For those too young to remember this, ask your parents or grandparents about the lines at gas stations where the last number on your license plate had to align with buying gasoline on an even/odd day. Ask them about the double digit inflation rate which the oil shortage set off while we went into hock as a nation to pay off the disastrous war in Vietnam. It was so bad, President Nixon had to take the American dollar off the gold standard before foreign countries traded in all their extra dollars for gold at our Treasury. Had Nixon not shut the gold window, the world would have found out we had printed way more dollars than there were ounces of $35 per ounce gold in the vaults at Fort Knox.)

This nation's last boom during the 90s was built on $10 a barrel oil which came from the last two major oil finds on Earth: the Alaskan Oil Fields and the North Sea Oil Rigs. After that, entropy set it.

The 90s were a time of outsourcing of American jobs by our multi-national firms. Computers made great rises in productivity rates possible, resulting in more and more Americans losing their jobs while those left behind did more work for even less money. Labor costs in emerging economies meant multi-national firms with bases in the USA were dispersing more of their profits via savings from hiring people in depressed economies to put together cheap goods at .20 cents per hour labor costs. These newly assembled cheap labor goods were then shipped back to big box stores in America to sell to the demanding consumers looking for "falling prices" over quality.

Apologists for free-market Capitalism without regulations would ask rhetorically on CNBC: "One Wal-Mart store put 28 local businesses, from candymakers, the 5 and Dime, the household goods store, the tiny shoe store, all out of business? No matter. We can still buy a $5 beach umbrella and a $10 coffee maker at Wal-Mart! The Wal-Mart has it all. Americans know a good bargain when they see it"

(No, Americans are shaped to be short term thinkers, to never think about the repercussions of always buying cheap from a big box store or over the internet, when the money a mom and pop store earns circulates directly back into the local economy.)

Wal-Mart pays its employees such little money that they have to file for government assisted healthcare as Wal-Mart has no healthcare plan. In a slap in the face of it's "Associates", Wal-mart now has "health-clinics" in their stores for its customers, but Wal-mart still does not supply free healthcare to its employees. (That's right, the Walton family and their shareholders would rather make billions in "privatized" profits while socializing the healthcare to taxpayers - all in the name of Capitalism.) Wal-Mart continues to break labor laws, such as not paying assistants their full pay by making them cut lunch breaks short and by working off the clock. And may your God help you if you are a woman working at Wal-Mart, even in management, because promotions go mostly to men at higher pay.

Furthermore, we've got a man running for President who is building yet another mansion and claiming he is a "man of the people". This castle comes with a car elevator. This Plutocrat ran a vulture fund which bought American businesses which needed capital to survive (think the now successful Auto companies which he's claiming he now wanted to prop up in 2008 with capital, but which is a lie as anybody with a youtube account can see). This man and his vulture fund would by businesses on the ropes, fire all the employees, legally raid pension funds, sell off the machinery to third world countries, and move the operations overseas or sell the stripped down building and newly started up business (with Chinese or Indonesian or Vietnamese labor)to an overseas entity which would then produce washing machines and widgets which Americans used to make with pride and which afforded American workers enough income to go shop at a mom and pop store.

This is the America of Peak Oil, post-dot.com bust, post-Credit Crash and post-Housing Crash. The good jobs are gone. They are not coming back. People are stuck in their ever-depreciating homes while interest rates at "all time lows" are destroying what little wealth elderly Americans may have counted on in their tiny savings accounts at their local banks or credit union. Interest rates have only one way to go from here: UP. And when interest rates finally begin that climb back up the ladder to where they reflect the real tote of what an American dollar is worth, you can bet a whole new Recession or Depression caused by further housing declines is going to set off mass hysteria in a country which has been blinded by the sages on TV and radio for too long.

Not local friendly

I remember waiting for the "big reveals" of the new windows when they were under renovations. They were so fun, so eye catching and unique! I would encourage tourists to check out FBF all the time. Then I would attempt to buy there as well. There prices were triple what the items should have been. That was there choice, it was their store. I did not buy there often due to this. The window displays lost the sparkle a few years ago, the prices continued to increase, the staff, though not rude, were not overly friendly either. There were at least 5 different times I tried to get donations from FBF for silent auctions etc and was told the "board would look into it" and then the "board just met and they're not meeting again for weeks" etc etc. Never a donation, never a local discount. They did not take care of the locals, and if you do not treat your neighbors like neighbors, they forget you. FBF is not a store I have entered in well over a year. I am sorry to see it go as local icons go. On the plus side, it is a large building, maybe they could put in something fun for the locals and tourists alike.

fast bucks

Is it ironic that the web contributed to fast bucks closing, but we are reading and commenting on the same web about them closing ?

Blame Game

Hey yo. Yeah it's very sad, but since yalls good at playing the blame game, throw some at the environmentalists. Aint NO discretionary income (whether from locals, drive-in visitors, or cruisefolks) to be spending on knickknacks when it's going to pay for $4-$5 a gallon gas. Oh yeah, if you aint spent at least $100 within the preceeding 12mos at FBF, then dont say anything or play like you supported the store. Dwell on that.

So Much False Information

I agree that it is sad to see Fast Buck's go, but let's be honest about why the place is closing. The prices were so high that only the extremely wealthy could afford to purchase anything of substance from there. Why wouldn't you shop around for better prices?? The clothing was mainly for the 45+ crowd which is a very specific demographic. Most of the employees had NOT been there for 15+ years, more like 15+ days as they were only paid $10.00 per hour and treated with no respect. NO military price breaks, no local price breaks, no sales equals no "steady" customer base. You have to understand how to adjust your business with the times and if you can't figure out how to do that than you should not be in business. Best wishes to all of the employess who will be looking for work. There are many retail business that are doing quite well here in Key West and I'm sure they are looking to hire.

Speaking as a 7 YEAR

Speaking as a 7 YEAR employee you couldn't be any more wrong. Yes, some of our items are higher end such as ornamental pieces and furniture, however, there are also some moderately priced kitchen items and hostess gifts. You could find items as low as $3.95. Is that low enough for you? In my time with this company I have been given only the utmost respect and compassion imaginable. I don't know if you are a disgruntled ex employee but it is never good manners to kick a man when he is down.

fast buck freddie

WE are all to blame when it comes to another small business going out. The internet has made it easy for all of us with prices but the quality and service you get from a small local business is priceless. I'm just as quilty about price, but we need to support our local business as much as possible even if slightly higher in prices.

This is a huge loss. When a

This is a huge loss. When a 40 year old institution, and the largest retailer in our downtown closes, it should be a wake up call. Too bad Rossi and Panico were so busy sneaking around trying to get bigger cruise ships to hear the call. key West is really dying and turning into "anywhere USA".

Closing :(

Sad that another shop different and not a run of the mill t-shirt shop or bar that fills Duval these days is going. I only worked there for a short time many years ago but will miss them. Tony ( and Gypsy) John, Laura etc.. And there great creations for the Fantasy Fest Parade's.

Always, always looked forward to............

seeing what was new. This place is going to be a tough act to follow!!!

A loss for Key West

I am so sad to see Fast Bucks go. We are losing our only "tropical department store." I work in a small local store, and Tony is so right. It is shocking how little regard some people have for retail establishments. They will come in and try on product and take a big chunk of your time and then say, "I'm going to see if I can find it cheaper online." They tip their waitress, but don't see anything wrong with running me around for an hour for no compensation. Online stores don't have to have retail space and the employees a store needs. They don't have customers coming in and trying things on, asking for help, needing to have things put away, making messes, using the bathroom, etc. When we have no stores, people will be complaining that we have none. Some seem to have a mentality that people in stores shouldn't get paid, or that they are ripping people off. Running a store is a lot of hard work! We will miss you Fast Bucks.

this saddens me

this is the only store i shopped in even when i didnt need anything.

I can't imagine a day

I can't imagine a day without FBF wonderful store, window displays and contributions to the KW community. After living here in KW for 30 years I now want to leave. FBF's is part of the rock we all love. As a specialty retailer I feel for Tony knowing how disheartening it is to put everything you have into your business only to have people take advantage of you putting out the resources for them to come see the product live and then go buy it on line. We will all be gone some day and the people will complain "there is no place to shop in Key West". Not to mention where will they get all of their donations for their kids or charities. Try getting a donation from the internet! Good luck to you Tony, enjoy your next endevour I know I will be joining you soon.

You are just rude,probably

You are just rude,probably never started anything on your own. Only someone who has never started or created something on their own could post such a comment like dinosaurs.

Pay No Attention To The Man Behind The Curtain!

That's just Sal, he's easily and universally ignored by all.

Sad, but I'm not surprised.

Sad, but I'm not surprised. In a nutshell the place was just too expensive!

Not going anywhere

I've decide not to move to KW or even visit there anymore, as a matter of fact I've decide not to ever leave my room ever again. I'm going to order everything from food to haircuts on my computer. I'm going to get an application to fish and scuba dive from my room. I've just ordered the book by Beach Boy Brian Wilson on how to live in a room

The dinosaurs

were probably pretty cool too.............

I'm so sad to hear the news.

I'm so sad to hear the news. 500 Duval will never be the same.

Another Piece of Old Key West

died today. Another reason to quit selling our soul to the cruiseship devil. The chase of the cruiseship business is extremely shortsighted and rots the apple at the core. Promotion of the arts, history, sustainable tourism, etc. attracts a healthier traveler that spends on average more time and money on our island. The current tourism plan is akin to selling our silverware to support a crack habit.
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