Is the Era of the Big-Box Ending?

Marina Strauss reports on the changing retail landscape, in which retailers such as Wal-Mart and Staples are counting on smaller stores to draw customers. As McMansions lose their luster, are over-sized retailers the next victim of changing tastes?

Strauss describes a shift by big-box retailers resulting from sluggish sales, increasing competition from online retailers, and a customer that wants to drive less and have a more personalized experience.

According to Strauss, "Shifting shopping patterns, cautious consumers, higher gas prices and fewer shopping trips are prompting retailers to reconsider adding more big boxes.

"The big-box store 'is not the right concept for the future,' Robert Dutton, chief executive officer of Rona, said on an analyst conference call, signalling what he said was a consensus among CEOs of major home improvement retailers whom he met with recently. 'So that is the reason why we don't expect to build [more] big box stores. Now the customers demand something different.'"

Full Story: Rona, other retailers thinking outside the big-box

Comments

Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
AICP CTP Storefont Display

The first online AICP* CTP exam prep class

Are you ready to take the AICP* Certified Transportation Planner exam?
Priced at $245 for May exam!
T-shirt with map of Chicago

Show your city pride

Men's Ultrasoft CityFabric© tees. Six cities available.
$23.00
Book cover of Insider's Guide to Careers in Urban Planning

So you want to be a planner...

Check out our behind the scenes look at 25 careers in the Urban Planning field
Starting at $14.95