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Cox Crow

Asking the Stupid Questions Since 1971
 Friday, May 28, 2004

Retail Hypothesis

I have a hypothesis.

Enclosed malls beat strip malls because they are more convenient. The shopper is able to move freely between stores, exploring options and making numerous purchases, before returning to his wagon and carting the goods home. They beat downtown shops because they are closer to the shopper and parking is free.

Wal-Mart beats downtown shops and stores in strip malls — and eats into the revenue of enclosed malls — because it is more convenient. The store has a wide selection of a wide variety of goods. It is closer to the shopper, parking is free, and the customer only has to pay once.

So, how do you beat Wal-Mart?

You can't beat them on prices, because you don't have leverage. You can contend on design and quality, all other things being equal. You differentiate yourself.

More generically, how do you compete against huge retailers? You have to be more convenient.

  • Move closer to the customer.
  • Make parking a non-issue.
  • Simplify payment.
  • Eliminate the need for another trip.

10:37:11 AM # Google It!
categories: Place

Color-Coding the States

Stephen Dulaney points to the Wall Street Journal's poll and map of battleground States in the up-coming election. [via Blogging Alone]

Isn't it handy how the simple majority calculation of Electoral representation makes the math so much simpler?

9:53:01 AM # Google It!