Friday, March 20, 2009

Location! Location! Location!

In planning for a new grocery store, or anything to that nature, location is one of the biggest factors you must consider. If a business has a bad location, it is almost guaranteed to fail. A business has to be convenient for potential customers.
For example, Ingles grocery store in my home town is in the center of town right off the highway. We have many tourist during the summer and fall months, so when they arrive in town they can get right of the exit and pick up their groceries. This certain grocery store carries many upscale cheeses and organic food to serveto our upper middle class visitors. Also, our Ingles is very convenient for people getting off work because it is right in the center of everything.
You have to always be thinking of location when you are starting up any kind of business. If it is on convenient customers will not come, the will just find an alternative place to take their business. Location is a huge issue that must always be at the top of you mind when staring up a business.

Friday, March 6, 2009


Due to many things retail stores all over America are closing. Mostly because our economy has been struggling and there for, so are businesses. Are government is doing all it can to help us through this, but despite their efforts we still have a major problem.
One example is my favorite childhood store Claire's. Claire's is closing 119 stores nationwide. They are mostly closing their locations in small towns because small town people are holding tight to their money these days and there is little traffic in malls these days (Albert Lea Tribune).
Another similar cases of closings is Linens N' Things. This is a store that sales linens and home furnishings. Since the real estate market have gone down, there is just not much need for home furnishings. Again, these same people are holding on to their money until they know it is safe to spend.