Thursday, March 19, 2009

Location & it's Advantages

Location, Location, Location!

For this assignment I visited the Harris Teeter in Fuquay-Varina, Nc. I conducted this experiment when I went home for spring break which is why my location is not in Greensboro.

Harris Teeter is located in a shopping center that also contains an Italian restaraunt, an AT&T store, a nail salon, and an Urgent Care. This particular Harris Teeter location is at an advantage because since it is not freestanding people are coming to the shopping center for other reasons. When adults are out running errands they often remember various groceries they are in need of, and because of this Harris Teeter benefits considering the proximity.

This particular Harris Teeter is also at an advantage because it is the only grocery store of its kind within a ten mile radius. Harris Teeter tends to be more expensive because it carries specialty products and quality meats, and for this reason people plan their grocery trips around going to Harris Teeter because they do carry these speciality products.

The Harris Teeter in Fuquay-Varina is located of the main street in town. This is another reason why it is a successful location, it is clearly visible from the street and contains adequate and accesible parking. Pedestrain traffic is limited only because there are numerous shops in this one center that an individual is going to need to visit.

Sunday, March 8, 2009

Why have businesses failed?

Our economy has been in a downward spiral for the last eight years, and because of that their are stores, companies, and franchises that just havent been tough enough to weather the storm. Businesses in all categories have continuously failed over the past eight years and will continue to fail for the next year or so as we near the end of America's economic downfall.

One such retailer is Circuit City. Circuit City was founded in Richmond by Samuel Wurtzel in 1949 as a TV store. This retailer began losing money when competing retailers started offering televisions and computers at lower prices because of the recession. On November 10 2008 Circuit City filed for bankrupt protection, and on January 17 2009 they began there closing sale which consists of 567 stores. (

Circuit City has failed at all attempts to sell their company. There stocks are worthless and they have left 30,000 employess jobless. ( Circuit City is estimated to have $1.3 billion in inventory which will go to the various companies that won liquidation rights. Best Buy is Circuit City's main competetor and is said to benefit the most from their going out of business.