Big-Box Giants Downsize to Drive Productivity with Smaller, Urban Stores
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April 2, 2011 2:46 pm at 2:46 pm #85988
BIG-BOX GIANTS DOWNSIZE TO DRIVE PRODUCTIVITY WITH SMALLER, URBAN STORES
MAR 30, 2011 8:06 AM, BY ELAINE MISONZHNIK
As U.S. chain retailers absorb the lessons of the Great Recession, many big-box chains have started to shrink average store footprints to reflect the growing importance of multi-channel shopping, adapt to urban settings and recognize the need to optimize portfolios.
Wal-Mart Stores Inc., Target Corp., Best Buy Co. Inc. and Gap Inc., among others, all have small concepts in the works or are adapting existing ones. These smaller store formats should allow the retailers to maximize profitability and open more stores in closer proximity to each other, say three retail consultants and a retail real estate broker Retail Traffic spoke to.April 2, 2011 6:52 pm at 6:52 pm #438755
It is about time, having a handicapped family member, I realize how inconvient those big stores are!February 17, 2012 5:05 pm at 5:05 pm #438756
[b]Why In-Town Big Box Stores Might Not Be As Awful As You Think
[/b]EMILY BADGERFEB 10, 2012
[i]City-dwellers love to rag on big box stores. They’re large and ugly and kind of dehumanizing. They require vast seas of surface parking. They sell the antithesis of the idealized urban shopping experience, in which a shopper on foot might hit multiple locally owned specialty shops for her hardware, her art supplies and her bubble bath.
[i]What’s there to possibly like about the big-box alternative?
READ MORE: http://www.theatlanticcities.com/neighborhoods/2012/02/why-town-big-box-stores-might-not-be-awful-you-think/1191/
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