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Wednesday, June 22, 2011

Vacant retail spaces filling-up with more discounters

I’m in St. Louis this morning, and saw an interesting story in the St. Louis Post-Dispatch about the decreasing number of empty stores… and the increasing presence of discount retailers.  Click here to see the story from STLToday online.

Implications:  It was only a matter of time before someone’s problem (empty commercial real estate) became someone else’s opportunity (new stores at a great rental rate).   

Beyond discounters (whose operating model protects them from online purchasing, according to the story), what kinds of businesses might make sense for that empty space a few doors down from you?  What kind business might you least like to see open-up?  Can you influence the style of occupant, in one way or another?  What kind of new business makes perfect sense in this kind of economic climate?  Is that a business you should be in?

Mike Anderson, for the Elm Street Economics consumer trends blog. A service of The Center for Sales Strategy, Inc.

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