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I used to believe this for a long time, but now I dont. Here's why: If there was a Walmart that had zero parking lots, only those without cars would do busine
by calvinbhai 10y ago
I used to believe this for a long time, but now I dont.
Here's why:
If there was a Walmart that had zero parking lots, only those without cars would do business with that Walmart. That'd probably be 1/10th or 1/100th the revenue compared to that of a Walmart with a parking lot. Its because people with cars come in and purchase more and larger stuff, revenue goes up. The increased revenue justifies the cost of building such a parking lot or a structure.
Now, this argument holds true, only if there's a Walmart that has a huge parking lot and is always empty.
fwiw: I think these are the types of articles paid for by TNCs like Uber and Lyft, to popularize the idea of getting rid of parking everywhere so that their market expands. (I'm not judjing, but this is my observation).