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Circuit City's Out, Grocery Stores are In

Posted by: Tim Halbur

9 August 2009 - 9:00am

Retail Traffic Magazine reports that grocery stores are increasingly moving into the spaces vacated by big box and chain retailers.

Fitness clubs and discounters are also popular fill-ins for former "category-killers" like CompUSA and Linens ‘n Things.

"The trend is benefiting landlords as well. The roster of typical big box tenants continues to thin. Most big box chains are not expanding and there are few new concepts on the horizon as others deal with bankruptcies, closures and liquidations. In this climate, grocery stores have become an attractive option."

Full Story: Grocers Increasingly Taking Over Vacant Big Boxes
Source: Retail Traffic Magazine, July 21, 2009
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Even if the report overestimates the costs by a factor of two and underestimates the tax-benefit by a similar amount, the conclusion would be pretty much the same: destination resorts cost local government and taxpayers money.
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