4 ms·

Optimistic take: Big box stores closing opens a gap for local stores to fill.

• alephnerd 2y ago
  Absolutely! There is a PMF for stores selling craft goods to hobbyists. It's not a business model that can justify a cross national big-box store chain, but it can absolutely support local businesses who can better manage margins. And this was a major reason why Joann's (and similar big boxes like Toys-r-Us or Borders) couldn't compete.
  • ksenzee 2y ago
    TBF Joann’s didn’t fail because of their business model. They failed because they were looted by private equity.
    • alephnerd 2y ago
      I have written a comment below on why this train of thought is reductive.
• diego_moita 2y ago
  Pessimistic take: it opens a gap to Aliexpress, Temu and Amazon.
  • retrochameleon 2y ago
    As others already pointed out, shopping for some types of things like this is just doesn't really work online when you need to feel and judge things with your hands. I also noticed that lots of online stores have minimum order quantities.
• JKCalhoun 2y ago
  I get your point, but I also see, "Here, take our failed business segment and see what you can do with it". Guessing too prices for fabric, etc. will be higher.
• Reubachi 2y ago
  There's no equivilent stores to fill these spaces. local card shop? Pharmacy? clothes? Restaurant? What is succesful anymore in person? We all know what will happen, as has happened over and over. Amazon or walmart distribution or fleet service location, OR cleared to make way for a hastily/shoddily put up "luxury apartment complex" made of plastic and plastic+.
• notcancer 2y ago
  [flagged]