Quote:
Originally Posted by fastcarsfreedom
A new entrant in the market drives construction--that's all I said. Personally I hate dollar stores--can't stand them--don't patronize them--not in the city--not in the suburbs. There's no tit-for-tat game going on on my part--there are crappy stores in all parts of the city.
Retail is evolutionary--there are trends firing off in many different directions--predicting what is trending up vs. trending down isn't an exact science. Merchandising is a lost art--that much I know.
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bang on.
the other thing I get a kick out of is when these companies say "we're giving the customer what they want". When I lived out west, the nearest grocery store was like any Fortinos (although the food quality sucked) - one storey, giant building. huge parking lot. Then they started renovating. 4 floors of apartments on top of the entire grocery store building. A new mixed use condo building on a piece of the parking lot with a few new stores at ground level.
I don't ever remember hearing one customer say "What the heck is this? Don't they know that I want a huge, one story box building? I don't want to shop with apartments above me. I don't want those 3 new stores to shop at in the bottom of the new condo building! I'm never shopping here again!"
Never. Not once.
They build what THEY want. The cheapest, crappiest thing they can pull off. The customer is fairly clueless. They'll shop at whatever's nearby. They aren't going to stop going to a power centre if it gets redeveloped as a mixed-use project. If anything, business will pick up.