Tuesday, March 17, 2009

Location, Location, Location

The Harris Teeter located on Lawndale Rd. in Greensboro, NC is located in a community center. The center is anchored by a Target. The advantage of a community center is it's lower occupancy cost. Also, there is plenty of parking available in front of the store. Some of the disadvantages are that there are few restaurants in the shopping center and not much pedestrian traffic compared to a larger power center.
This Harris Teeter has a somewhat decent location. There are many Harris Teeter's in the area and this one is the one I usually go to when I need to get a large amount of groceries. I believe it is easy to get in and out of the shopping center. Although there are not many retailers in the actual shopping center there are many that surround it. This Harris Teeter is in a good location for local people who just need to get there basic groceries and go home.

Friday, March 6, 2009

Why some retailers failed?

Circuit City is one popular retailer that has failed. Circuity City was popular before Best Buy. This specific retailer failed, because it tried to compete with Wal-Mart and Best Buy. As of January Circuit City could not find a buyer. They also could not get the right financing to support the company. The store did not have the right marketing tools or merchandise to compete with best buy. Either people are going to shop at Best Buy for the more name brand products and go to Wal-Mart for better prices.

According to the article I read from the consumerist website what started the end of Circuit City was the fact that they stopped carying major appliances. Also, Circuit City had bad store floor plans. There way for handling customer service changed and became unsuccesful.

I believe that Circuit City fell behind in the time and could not keep up with the expansion of Best Buy. Best Buy offers great customer service from choosing the right product to maintenance of the product once you purchase it. I hardly ever saw Circuit City commercials. All in all I think that the need for the store went away, because the same products could be bought elsewhere that had more variety and depth.


http://www.msnbc.msn.com/id/29547230/

http://consumerist.com/5134586/why-circuit-city-failed