STOREMAGEDDON: THE END OF RETAIL AS WE KNOW IT – Place Dynamics White Paper

77374387Today’s post is an interesting article on the decline of franchise retail and a possible resurgence of “mom and pop shops”.   Credit: Michael Stumpf, AICP, CEcD – Principal, Place Dynamics LLC

Definition of “Mom and Pop Shops”: Unlike franchises and large corporations, which have multiple operations in various locations, mom and pop shops usually have a single location that often occupies a physically small space. The “shop” could be any type of business, such as an auto repair garage, bookstore or restaurant.


An ever-larger number of communities are investing their economic development resources into attraction programs targeting retail and related businesses. Much of the effort is targeted at chains and at trying to recreate a retail environment like that we have known for the last 20 or 30 years. Few people are really aware of the changes taking place in retailing, though, or have given much thought to how they may shape the prospects of any given community or business district. Remarkable changes are occurring in a very short span of time, impacting how consumers shop, where retail businesses locate, and how they operate. These changes will transform our communities. Some will attract new retail businesses. A far greater number will often be trading rather than expanding, attracting one store while losing one or more others in the process. Broken out into specific retail categories, the greatest number of places are likely to see a decline in the number of specialty stores they can support. These trends should lead communities to reflect on their retail strategies, including attraction, support for existing businesses, how to strengthen business districts, and how to cope with surplus commercial space. Click the following link to read the entire white paper article. You may also download it as a PDF.

Storemaggedon Article (PDF may be downloaded)

The slideshow below shows some of Southern Idaho’s small “Mom and Pop” businesses in the counties we serve.   How many of these businesses have you visited?  Can you guess what town each business is located in?

This slideshow requires JavaScript.

 

 

This entry was posted in Bliss, Buhl, Castleford, Dietrich, Filer, Gooding, Gooding County, Hagerman, Hansen, Hollister, Kimberly, Lincoln County, Main Street Program, Murtaugh, Richfield, Rock Creek, Rogerson, Shoshone, Southern Idaho, Southern Idaho Rural Development, Southern Idaho Wineries, Three Creek, Twin Falls County, Wendell and tagged , , , . Bookmark the permalink.

4 Responses to STOREMAGEDDON: THE END OF RETAIL AS WE KNOW IT – Place Dynamics White Paper

  1. Great article. Our goal is to assist SMB Mom and Pop’s thrive. Our app is a search engine combined with a dynamic advertising platform. Free to the public, the consumer can now compare their local dining and shopping options all on one screen. We should meet and chat. I live in Twin Falls. Email me for some avails.
    .

    Liked by 1 person

    • Thanks for the comment Michael. I’ll foward your comment on to our Director and setting up a time to meet to talk about services you could provide small mom & pop businesses in South Central Idaho.

      Like

  2. Mike Bryant says:

    I see the Crossings Vineyard in Glenns Ferry on that slideshow. My home town. 🙂 Great article.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s