4 ms·
My local grocer was bought out by a competitor 2 miles away. They figured that most of the customers would shop at the 2 mile away store instead of the 2.7 mile
by loonster 5y ago
My local grocer was bought out by a competitor 2 miles away. They figured that most of the customers would shop at the 2 mile away store instead of the 2.7 mile away supermarket. They closed the store and maintained the lease. They were willing to sublease to anyone as long as they weren't a grocery store. With the lack of an anchoring grocery store, the small stores around it died.