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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Forum 3 (Module 3)

Forum 3 (Module 3)

Q 1. Why is store location such an important decision for retailers?2. Pick your favorite store. Describe the advantages and disadvantages of its current location given its store type and target market. What would be a better site, or would you recommend the store remain in its current location? Why?3. As a consultant to 7-Eleven convenience stores, American Eagle Outfitters, and Porsche of America, what would you say are the most important factors in choosing a site for each of these three very different types of stores?4. What retail locations are best for department stores, consumer electronics category killers, specialty apparel stores, and warehouse stores? Discuss your rationale

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Store location is a critical choice for a retailer in light of the fact that the entrepreneur needs to choose a location that they can stand to work their business out of. However, it is important to comprehend that the business must be feasible to be run and operated in a location that bodes well for a business to exist there (Levy, Weitz & Grewal, 2014). An example could be that as far as the relevance of a location of a store is concerned, it bodes well to have a vehicle parts store situated in nearness to automobile merchants on an automatic push, as well as service stations, carwashes, and so on.