'Urban Format' Stores: Big Boxes Are Shrinking

In a "surprising reversal" big retailers are downsizing stores in response to demographic and real estate realities.

1 minute read

May 30, 2002, 2:00 PM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech


"Some of the nation’s leading big-box retailers—Wal-Mart, Home Depot and Best Buy among them—are opening Mini-Me versions. For some chains, it’s a strategy driven by real-estate constraints and demographics. But it’s also driven by a sense that although shoppers love megastores’ huge selection and low prices, they’re getting tired of spending Saturday afternoons trudging through stores the size of airplane hangars."

Thanks to Abhijeet Chavan

Thursday, May 30, 2002 in Newsweek

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