So, it has been a fragile last few years for consumers; let alone businesses. Let’s all think about something; we live in a consumer’s economy and without the “consumer” what do we really have with big box retailers. For instance Target has opened up smaller pop-up shops around America. These smaller retailers are for seasonal shopping and only cater to the upcoming season and then just like that they are gone for the season until next year. Best Buy is also in the works to have daintier footprints of their own. Some stores are cutting back on their square footage and opening up kiosk of Best Buy Mobile shops that are for consumers looking to purchase just a phone. Best Buy is even looking into having smaller third-party vendors that will try to fight off the online marketplace Amazon.com. This just sounds like a desperate, but needed idea from Best Buy in order to stay afloat, but steamily has a slim chance to help its already bricks-and-mortar business. So touching back on the beginning of my blurb it is looking like as the economy is still in disarray consumers are getting smarter where and how they spend their money. They are realizing that bigger and prettier does not always mean that we need it, especially when your retailer depends on someone else’s asset bubble. In the end if big box retailers want to recapture the growth they once enjoyed, they may have to start getting small.
I think that it is a good idea for big box stores to have smaller stores in other areas so that they can maximize on sales. I think that this type of thing is great for locations that are remote or that dont have the space to put up a mega store. In this day and age we are all about convienence and if I can get the same things that I get at Walmart but in a smaller store I would be all for it.