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If you buy the storefront of a company that went out of business, keep the signage so their old customers will come in looking for them, and install a conveyor
by PhasmaFelis 7y ago
If you buy the storefront of a company that went out of business, keep the signage so their old customers will come in looking for them, and install a conveyor belt that whisks them directly to your store instead, yeah, that's unethical.
There's honestly not a great meatspace analogy to the situation, no matter how you look at it. But it's clearly not the same as just buying foreclosed real estate.
- travisjungroth 7y agoBuying a doctor’s practice feels a lot like this to me.
- wolco 7y agoMy local convience store is called Tom's.. It has been around for many years. The current chinese owners never changed the name nor the owners before. Same sign, same products.. nothing unethical. Kind of like when a big company buys a smaller company and keeps the brand name.
- PhasmaFelis 7y ago> Same sign, same products.. nothing unethical. Exactly. If it's basically the same business under new management, there's nothing wrong with keeping the name. If it's a new business with no relationship to the old, trading on the name to grant false credibility and bring confused customers into their own shop, that's unethical.
- NikkiA 7y agoAnd kinda stupid if you're trying to game the reputation of a business that went bust.