Thursday, March 22, 2007
Technology keeps shaping the retail world. Borders announced plans to close approximately 300 Waldenbooks stores which are mostly located in regional malls. This is about half of their total locations. Borders will concentrate on their flagship model of large mega-stores under the Borders name. These stores have a lot more stand alone concepts. Interesting also is this trend to boutique shopping and away from the department stores and some would say the old interior mall. Keep in mind when you consider a retail investment what changes may be around the corner. Do you remember travel agencies...?