Asked by Vanessa Recamadas on Jun 18, 2024
Verified
List the five store locations or settings. How has the location of stores changed over the years?
Store Locations
The physical places where retail businesses operate and to which consumers must travel to purchase goods.
Locations Changed
Refers to the process or act of moving or altering the position or setting of something or someone.
- Gain insight into the classification and different forms of retail outlets.
Verified Answer
TK
Tanaya KellerJun 19, 2024
Final Answer :
Department stores started downtown in most cities and have followed customers to the suburbs. In recent years, they have opened in large regional malls. Most stores today are near several others in one of five settings: (1) the central business district, which is the oldest retail setting in the community's downtown area; (2) the regional shopping center, which often contain two or three anchor stores, which are well-known national or regional stores, and consist of 50 to 150 stores that typically attract customers who live or work within a 5- to 10-mile range; (3) the community shopping center, which typically has one primary store (usually a department store branch) and often about 20 to 40 smaller outlets generally serving a population of consumers who are within a 10- to 20-minute drive; (4) the strip mall, which has a usually unplanned cluster of stores to serve people who are within a 5- to 10-minute drive; and (5) the power center, which is a huge shopping strip with multiple anchor (or national) stores.
Learning Objectives
- Gain insight into the classification and different forms of retail outlets.
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