As a student living on campus and having no car to drive I personally feel as if convenience is key when it comes to shopping. Retail locations around campus are situated in such an array of ways. There are small business owners with loyal clientele and then there are franchises situated not too far away. One of the most convenient stores in the area is the local Walgreens. Walgreens is a chain of pharmacy stores which also provides the convenience of a grocery store and other specialty goods. This particular Walgreens is a stand alone establishment at the intersection of a busy street in town.
Its location is a very important aspect of its success. There is a very heavy flow of vehicle traffic because of the intersection and an even decent amount of pedestrian and foot traffic. The students and individuals living on and around campus are able to walk to Walgreens in little time. Sometimes the aspect of traffic can be a little startling to pedestrians but I feel as if great caution is taken at the crossing point in the road. Needless to say that there are not any places on campus to buy personal goods and snacks for the dorm room, its just that Walgreens provides a greater amount of variety and better prices. This location has a large parking area which is seldomly filled. I am not going to go as far to say that I think the parking lot is too big, I just see it as being utilized at different times of the day. When I usually go there I see 5-10 cars and its generally mid day at the time.
I think this Walgreens has a very nice location, especially because it caters to my personal needs and conveniences by being close to campus. I can go there to buy items that I can not find in the Spartan Market or C-store and at a better price.
Thursday, March 19, 2009
Friday, March 6, 2009
the recession will HUFF, PUFF, and BLOWWW your business down!
-recession:noun: the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year
For some time now the word recession has been lingering in the ears of many Americans both great and small. The current recession has caused a great number of important economic institutions to shut down, file bankruptcy, or decrease in size. When this happens business' have to lay off workers and employees because they are no longer collecting enough revenues to pay them. When that happens, these workers also carrying the title as consumer no longer have the steady amount of funds to efficently execute their task of consuming goods. The lack of money from consumers affects retailers and other institutions because purchases are harder to make and people start making wiser decisions when it concerns their money.
With the business of retailing comes the great amount of competition in the industry. A recession increases this factor and the retailers not appealing to the most customers usually loses the race. It can be hard to witness a retailer which has done business for many years fold or dissapear due to the hard times of a recession. One of the several iconic retailers which has recently filed for bankruptcy, liquidated most to of all of its merchandise and closed all of its stores is electronic goods store Circuit City.
After reading some material online about Circuit City and its fate with the recession I feel the retailer failed mostly because the quality of their merchandise was not very high, their customer service was insufficient, and they were not able to provide reasonable prices to budget concious customers. The Circuit City company also layed off many of its workers with work experience and knowledge essential to the company. This hurt the company greatly because Circuit City stores were now staffed with underpaid and unexperienced individuals. This action did not appeal to customers so they began to look for merchandise elsewhere, like major competitor BEST BUY.
Overall, Circuit City lost its standing as an equitable and reliable retailer. Losing customers in store and online, and suffering great loss in valuse of stock put the icing on the cake for the departure of this company from the world of retailers.
http://news.cnet.com/say-good-bye-to-circuit-city/
http://money.cnn.com/2008/11/10/news/companies/circuit_city/index.htm?postversion=2008111008
For some time now the word recession has been lingering in the ears of many Americans both great and small. The current recession has caused a great number of important economic institutions to shut down, file bankruptcy, or decrease in size. When this happens business' have to lay off workers and employees because they are no longer collecting enough revenues to pay them. When that happens, these workers also carrying the title as consumer no longer have the steady amount of funds to efficently execute their task of consuming goods. The lack of money from consumers affects retailers and other institutions because purchases are harder to make and people start making wiser decisions when it concerns their money.
With the business of retailing comes the great amount of competition in the industry. A recession increases this factor and the retailers not appealing to the most customers usually loses the race. It can be hard to witness a retailer which has done business for many years fold or dissapear due to the hard times of a recession. One of the several iconic retailers which has recently filed for bankruptcy, liquidated most to of all of its merchandise and closed all of its stores is electronic goods store Circuit City.
After reading some material online about Circuit City and its fate with the recession I feel the retailer failed mostly because the quality of their merchandise was not very high, their customer service was insufficient, and they were not able to provide reasonable prices to budget concious customers. The Circuit City company also layed off many of its workers with work experience and knowledge essential to the company. This hurt the company greatly because Circuit City stores were now staffed with underpaid and unexperienced individuals. This action did not appeal to customers so they began to look for merchandise elsewhere, like major competitor BEST BUY.
Overall, Circuit City lost its standing as an equitable and reliable retailer. Losing customers in store and online, and suffering great loss in valuse of stock put the icing on the cake for the departure of this company from the world of retailers.
http://news.cnet.com/say-good-bye-to-circuit-city/
http://money.cnn.com/2008/11/10/news/companies/circuit_city/index.htm?postversion=2008111008
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