Retail Locations

Question 1

Unplanned locations

Answer 1

Independent - do not have centralised management that determines what stores will be in development

Question 2

Planned locations

Answer 2

Shopping centre and/or manager makes and enforces policies that govern store operations

Question 3

Freestanding Sites (Advantages & Disadvantages)

Answer 3

(Unplanned)
Advantages
- Convenience is top priority.
- High traffic and visibility
- Modest occupancy costs
- Fewer restrictions
Disadvantages
- little pedestrian traffic
- higher occupancy costs

Question 4

Urban Locations

Answer 4

(Unplanned)
CBD, Inner City, Gentrified residental areas

Question 5

CBD

Answer 5

Central business district
- Draws many people during business hours but slow in evening and weekends

Question 6

Inner City

Answer 6

Generally not a good location
- Urban decay / inequality / poverty
- Food deserts

Question 7

Food deserts

Answer 7

Area that lacks ready access to affordable fruits, vegetables, dairy, whole grains, and other healthful foods, as might be provided by grocery stores or farmer’s markets

Question 8

Gentrification

Answer 8

A process in which old buildings are torn down or restored to create new offices, housing developments, and retailers

Question 9

Gentrified residental areas

Answer 9

Where residental areas become trendy and tourism rises, raising rent and cost of living prices, therefore displacing low-income long-term residents