GGR252H5 Lecture Notes - Lecture 8: Outlet Store, Walmart, Barcode
Document Summary
Downtown core, dominant by department stores, large retail chain, no supermarket. Still dominant by department stores, shopping goods. Cross shopping, induce service and keep people in the mall. Not just a one stop, they go and shop and entertain. Eaton is the 1st one have cinema and 1st one to lose. Competition related to new shopping format which is power centers. Department store arrange, more discounters such as wal-mart. Because of excess of retail space and decline in money, the mgm put cost on retailers and retailers move to power centre. But they are not as good as department stores because they are specialized, eg, chocolate stores only sell chocolate. 1st one in toronto area vaughan mills, big box stores in 1 roof. Hybrid combination power center & shopping mall. Hybrid situation shopping centre + power centre, which means centers combine a large, traditional enclosed mall with retail/entertainment component.
