Hot Stories

The Era of Big Box Retail Dominance Is Coming to an End

Submitted on 03/30/12, 01:17 PM | Click Here for the full article: Bloomberg

The Era of Big Box Retail Dominance Is Coming to an End

When Best Buy Co. (BBY) said yesterday it was closing 50 big stores and opening 100 smaller ones, the world’s largest electronics retailer was adjusting to reality: The era of big-box retail dominance is coming to an end.

The new mantra is small box. While Best Buy, Wal-Mart Stores Inc. (WMT) and Target Corp. (TGT) are still opening large stores, all are putting increasing emphasis on smaller ones. Best Buy plans to double the number of its smaller Best Buy Mobile stores by 2016. Wal-Mart is building as many as 100 small-format stores this year, while Target is opening five CityTarget locations.

After 50 years of putting mom and pops out of business, big-box retail is having a mid-life crisis. A slow economy has hurt same-store sales, narrowing margins at big stores. Meanwhile, consumers, armed with price-comparison technology, are visiting more stores seeking deals or exclusive merchandise rather than making one-stop, fill-the-cart excursions.

Full Article:

Comments (0)

This story does not have any comments. Be the first to leave a comment below.

Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Hot Product

Panamax MR4000

Panamax MR4000

The Panamax MR4000 Power Management System provides multiple levels of protection for your valuable electronics. Panamax’s patented Automatic Voltage Monitoring (AVM) monitors power for incoming surges or brownouts, automatically shutting off electricity to components when disruptions are detected. Exclusive “Protect or Disconnect” technology permanently disconnects power in the event of a catastrophic event, such as a lightning strike. Universal ultra-low-loss coaxial protection prevents signal lines from carrying surges, offering comprehensive protection for electronics.

More AV and Automation Industry Resources

 

 

More Technical eMagazine from LJB