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How Does Your Business Stack Up to your Competition?
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| Recently we have been hearing more and more about business failures like Circuit City and Linens and Things. These “Big Box” retailers showed tremendous growth over the past years. The concept rolled into town in earnest over a decade ago and was instantly embraced by consumers. Their creation facilitated the birth of the “Power Center” and wreaked havoc on locally owned small businesses. Wall Street applauded the growth curve of these concepts and rewarded the stock price with each announcement of new store openings. Once they hit maturation, the same store sales “boogey man” kicked in. |
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