Essential retailer shares plans to close hundreds of stores
Many neighborhoods are losing what was once considered an important retailer to have within walking distance.
The internet has not crushed the brick-and-mortar retail business.
Good retailers that provide strong shopping experiences have thrived. People go to stores like Marshalls, Ross Dress for Less, and Five Below because they deliver a mix of value, needed goods, and a positive shopping experience.
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The same might be said for Costco and Walmart's Sam's Club. People like to shop at these stores because the experience is more than just picking things off shelves.
All these retailers offer a mix of value and treasure hunt, but that's not the only retail model that works.
Barnes & Noble, for example, a chain once thought to be near death at the hands of Amazon, has figured out how to serve the reading public and has returned to growth.
Dick's Sporting Goods, a retailer that could have easily been replaced by the internet, has also thrived by adding experiences to its stores, making them destinations.
