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it won't be a hip neighborhood much longer if only global chain stores can afford the rent
by locopati 5y ago
it won't be a hip neighborhood much longer if only global chain stores can afford the rent
- maxerickson 5y agoWhat do the global chain stores do differently that they can justify the rent against the store revenue?
- blevin 5y agoLarge co's play different games than mom & pop. They can afford some near-term losses if they can make the case it prevents competitors from gaining a foothold. Banks can justify rent on a seemingly empty branch in an expensive retail area if it supports catchment area of desirable clients that visit in person once every 18 months. Etc.
- seafoam 5y agoScale in distribution, especially marketing / brand / name recognition
- treis 5y agoI think people just like chain stores better. Plus they can take advantage of bulk buying for materials, services, advertising, etc.
- canadaduane 5y agoIt could simply be brand recognition. Visitors to a city will know which chain stores to visit to get what they need, glossing over (or avoiding) unfamiliar stores. So mom&pop stores get local customers, while chain stores get local PLUS just-visiting customers; multiply by months and years.