More retail stores being established in PHL despite closing trend in US

Every generation needs a revolution - an entrepreneurial revolution

As this post travels and bikes, it is observed that the construction of retail convenient stores is on the rise.  The experience of this post is that retail margins are paper and even blade thin. Couple this with high

power costs  high labor costs due to night differential, security cost and theft from shoplifting and you can see that risks are high.

Or the business model is that of a convenience stores where margins could be 15% to 20%

See the folding up of many retail stores in US closing by the thousands (being replaced by on line stores)

Is the situation in the Philippines markedly different.?   Will the stores survive?

Apocalypse for 16 retail giants in the US

Every generation needs a revolution - an entrepreneurial revolution

Brutal closure of 16 retail behemoth in US  The pandemic and recent external factors have been most unkind to the biggest of the retail establiishments in the US It is incredible that this should happen in USA - the most powerful and strongest nation and earth and center of most excellent management.

The management did not pay attention to the wings of change:

1.   The shift to on line shopping   Amazon was ready and poised to take advantage of this development

      Even CVS which is engaged in health products was not exempt.  Health products should have been

      failure proof..  Shoppers did not need to go to brick and mortar store.  They simply order online and

      delivery companies handle the rest

2.  Quality, high end garments like Brooks, JCPenney failed because WFH did not require elegant suits.

3.  As usual, vulture investors were waiting in the wings and ready to rehab and rejuvenate many of the 

     failing companies  Some were usually behind hope like Sears.  (This follows the business truism that

     wealth is not destroyed, it is simply transferred -  I disagree   Wealth can be lost by fire or theft)

4.  High gasoline prices and other effects of inflation lessened shopping money 

 

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