That's part of it, especially when it is a national chain coming in that can afford to subsidize a loss to compete. The other side of the coin is that there are

That's part of it, especially when it is a national chain coming in that can afford to subsidize a loss to compete. The other side of the coin is that there are areas with non-chain liquor stores on every corner and they've been like that for decades. Maybe the customer base for these sort of stores is simply larger than you might have figured.