McTaggart, Jenny
September 2004
Convenience Store News;9/13/2004, Vol. 40 Issue 12, p128
Trade Publication
This article presents information on problems faced by convenience store owners due to ever-shrinking real estate markets. From convenience stores, to supermarkets, retail channels fight it out in an ever-shrinking real estate market. Back in the 1970s it was common for supermarket executives to pile into a van, drive to a potential store site, and size up the deal in mere minutes. Convenience store sites continue to get larger, requiring more property, while Wal-Mart, dollar stores, warehouse clubs and others compete for land. Supermarkets need to do their homework like never before when it comes to staking out new areas for growth. For many retailers site selection is a more closely watched budget line these days, too. INSETS: SPACE EXPLORATION;AVOID THESE FREQUENTLY MADE MISTAKES...


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