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Many stores have become worse in the exact same way, but the bookstores have been bitten by it sooner than some others. Stores started, even before the economic
by Lost_BiomedE 15y ago
Many stores have become worse in the exact same way, but the bookstores have been bitten by it sooner than some others. Stores started, even before the economic downturn, to not carry items that are niche or infrequently needed. Sure, many of the items that are still there were bought most, or brought better margin, but the reason people went there without question was because the niche items were there, too.
Electronic stores are another example of the same thing, and IMO, have been hurt because of it. There are a lot of short-term gains for long-term losses.
I think consumers warmed to buying on the internet because the local stores failed them. They were willing to pay the premium and were scared of and disliked online transactions. Now, the cat is out of the bag.
Some of this was due to commercial real estate prices shooting up but a good amount was their own doing.
Have you noticed that many brands, in many different markets, that had the biggest following 10 to 15 years ago are some of the worst now? They rid the brand to death for short-term gains. Now, I take a good look at the less-known brands before ever thinking of going with the big traditional names.