In Orlando, I don't think that location was an issue compared to Best Buy. I think this city is way overbuilt, and there are too many locations of the same stores here. For instance, we have 5 major shopping malls/outlet malls that are about 10-15 minutes away from each other. (Millenia, Florida Mall, Festival Bay, Prime Outlets, Premium Outlets). Two of them are literally right across the street from each other. Furthermore, we have about 5-6 malls in the suburban areas, and I think some of those are hurting right now. One of reasons why the malls I named are in good shape (except for the half-empty Festival Bay) is because they are close to the tourist area. Most of these malls are accompanied by these specialty stores that all sell the same stuff.
If you see a Best Buy, you know that there's probably a Circuit City and now an H.H. Gregg a block away.
If you see a Linens N Things, you know there is a Bed, Bath, and Beyond right around the corner (and we all know who lost that war). What was the difference between those two stores? To me, the only difference was the name.
If you see a Ross, you know there's a TJ Maxx, Marshall's and/or Beall's Outlet close by.
I could go on and on.
CVS/Pharmacy and Walgreens are popping up everywhere like gas stations. (I'm sure one of them will probably go down in the next 5-10 years). And when you see a Walgreens, the CVS is not around the corner, it is right NEXT DOOR!
I am by no means a business person, so I may be clueless about the reasoning for the multiple locations of all the same stores. Building all of these locations worked well during the good-old days in 2003-2006, but now that people are spending less money (because they actually have to use cash now, you know, the money they actually make), the decision to overbuild and build right next to your main competitors are now starting to haunt those companies. How many Wal-Marts and Targets do we see right next to each other? I only know of 2.
). i will miss cc though (and their crazy rebate amounts!
