Major Retailers Open Lean Outlets to Cut Costs As They Appeal to Millennials
Fast-food chain Taco Bell`s plan to open 300 new small-format
restaurants across the country in the next four years is the latest by a
slew of major national brands experimenting with smaller stores to cut
real estate costs and cater to urban millennials.
Taco Bell, Barnes & Noble Inc., Whole Foods Market, Kohl’s Corp.,
Nike Inc., Target Corp. and Nordstrom Inc. are just a handful of major
brands looking to increase market share and wring out more dollars per
square foot of space in expensive urban markets by opening smaller
brick-and-mortar stores..
...moreRSK: I am not totally sure that "convenience" is the sole or major factor in the success of a small store. Location still plays a large role as well as the product being offered.
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- - Volume: 6 - WEEK: 38 Date: 9/18/2018 8:26:51 AM -