3 ms·
> The economics of a single dedicated store for hobbyists a la Joann's doesn't work anymore. Why is that? I still see stores for board games and the likelihood
by lambdasquirrel 2y ago
> The economics of a single dedicated store for hobbyists a la Joann's doesn't work anymore.
Why is that? I still see stores for board games and the likelihood of making a profit from a board game is abysmal. Blick Art seems to be doing well enough. Even Barnes and Nobles had a turnaround.
I just went to a JoAnn’s a few months ago. If you told me that they were getting a PE makeover I wouldn’t have known.
- alephnerd 2y ago> Why is that? I still see stores for board games and the likelihood of making a profit from a board game is abysmal. Blick Art seems to be doing well enough. Even Barnes and Nobles had a turnaround I mean big box retailers. A major aspect for big box retailers is real estate. Joann's, Michaels, Toys-R-Us, etc would often take either long term leases or outright own the property of the store itself. A smaller/local business targeting hobbyists can concentrate primarily on customer experience and inventory, because they generally do not try to enter the asset speculation game as well.