Keeping the money at home

July 9th, 2008 2:33 pm · 1 comment

Or, how high gas prices could be good for your small town:

Many stores in rural towns — from small independent shops to local chains — are starting to enjoy a little life after years of seeing customers bypass them for distant malls. While it may not reverse the decades-long decline of small-town shopping, it could lead national mall developers and merchants to rethink where to build and challenge a basic tenet of retailing: Build, and shoppers will come from miles away.

“The whole retail logic has been to build big mass stores that drew from a huge distance,” said Robert Robicheaux, an economic development specialist at the University of Alabama. “Now, we need to reconsider that.”

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  1 comment  Tags: Economy

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dragonrider
7/9/08
3:01 PM
QUOTE(Lancaster Online @ Jul 9 2008, 02:35 PM) [snapback]409475[/snapback]


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Now if our federal government can come up with a plan to stop sending all our money to China and the Middle East.
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