Retail Stores Closing
The economic downturn is forcing highest number of retail store closings in 4 years. Retail chains are shutting down some mall-based locations but some businesses are eager to move into those vacant storefronts.
These non-traditional businesses focus on an experience, rather than products and they have become the darling of mall operators who are nervous about declining mall traffic and sales, on top on rising retail store vacancies.
It could be the way to go, especially in a recessionary environment. Studies indicate that spending on entertainment and self-improvement services tend to be fairly recession-proof.
If you have a retail store you intend to close it, why not think out of the box and give customers an unique experience?
Tags: Americans, Economy, Mall Operators, Miscellaneous, Recession, Retail Stores, Turnaround