Today’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?