Why Are Top Retailers Like Bed Bath and Beyond Closing Locations and Opening Up New Ones?

Navigation:

• Parking Problems
• Crime Issues
• Stand Alone
• Operating Costs
• Proximity to Highways

You’ve probably seen at least one of your favorite retail stores shut down in recent years. However, you may have quickly seen it reappear in a different location. When you stop to analyze the situation, you begin to realize that this situation is a pattern. In other words, multiple retail stores close up one location and then open another. These changes can occur for a variety of reasons, and learning about some of them can help you to better understand where you might next find your favorite shop.

Parking Problems

Most people are familiar with a spot in their town that always seems to have a new business. Businesses seem to come and go from the location rapidly. A few issues could cause this situation to happen, and one of those problems might be a lack of parking in the area. When you go to a retail store, you likely want to park quite close by. Whether you don’t want to lug heavy bags through the streets or you’re worried about the weather, getting a good spot is ideal. Retail stores that lack parking may close up and head to a place with more ample room.

Crime Issues

Shopping in a neighborhood that has significant issues with a crime is frightening for shoppers, especially when the parking is also far away. You may feel walking down the road with your wallet or bringing your items back to the car. A store in a neighborhood that has seen a steady increase in crime through the years may need to move to a safer area to continue attracting customers. Stores that are in neighborhoods with a high crime may have a higher chance of being broken into as well.

Stand Alone

Stand-alone retail stores may also have trouble staying open. Simply consider how busy people are these days. For example, in decades past, one parent often stayed at home to take care of the children and to run errands while the little ones were in school. Also, people did not always have such long work hours. They had more time to go from store to store. Now, with the hectic schedules that many individuals have, this type of outing is difficult if not impossible. Shops such as ours allow shoppers to go from store to store in an efficient amount of time. Therefore, retail stores may choose to move to places like the Shops at Rockvale.

Operating Costs

As you probably know, the cost of living varies in different parts of the country. These types of costs can affect businesses as well. For example, businesses may have higher bills to keep the physical building functioning or higher taxes in more expensive parts of the country. Instead of spending these extra funds to keep the doors open, they can move the retail shops to places that still have plenty of customers but that do not have such high operating costs.

Proximity to Highways

Retail stores also want to have close access to customers, and proximity to highways can provide them with that benefit. When shops are close to highways, they also have better advertising opportunities. Businesses, especially ones in outlets, have the ability to craft attractive advertisements that catch the eyes of both local residents and tourists. In addition to the advertising opportunities, businesses also don’t have to worry that travelers will avoid their shops because of a far drive off the main roads.

When you see your favorite retail store shut down, know that it might pop back up. It may appear at an outlet like Pepperidge Farm Bakery or in a more desirable location, providing you with even more reasons to check out the new spot.