Retail Location...Good or Bad?

I went to Harris Teeter on Lawndale and found that the retail location of this grocery store was pretty good. It is right off of Battleground Avenue and in a strip mall. It is beside of Petsmart and Target which are two highly populated stores. The parking area is well done but there maybe could be a few more areas to park.

Plus, the grocery store is located in a pretty nice area so you don't feel unsafe going there. One disadvantage is there is no protection from the weather. Other than that, the retail location is pretty good and the traffic stays steady most of the time.

The only thing about Harris Teeter on Lawndale is that you need to know where it is located. If you were to drive down Battleground Ave, you would not come across the grocery store because it is off of the main road. I would say that overall the store's retail location is pretty good.

Why Retail Stores Fail...

Circuit City, Claire's and Linen's and Things are just a few companies that have recently declared bankruptcy during this tough economic time. According to fool.com, they predicted Circuit City would fail even before it did. Why? Well according to the website, even during good economic times, Circuit City still struggled. Consumers looked elsewhere to purchase electronics. Preferably, from top competitors such as Best Buy and Wal-mart.

Washington times.com was first to report that Circuit City would be closing it's 567 US stores. Circuit City Stores Inc, which is one of Washington's largest home-grown franchises simply could not clinch a deal to remain in business because it couldn't obtain financing from their lenders or their suppliers. Plus, the competition was extremely high considering Best Buy and Wal-mart are two of it's top competitors.

I believe retail stores fail because of the reasons listed above from the particular websites. Retail stores fail because of steep competition, bad economic times and poor support from suppliers and lenders. Hopefully, the stores that are in trouble, those such as Ann Taylor and Eddie Bauer will pull through this recession and remain in business once things start to look up.