Q: I have been reading about the trend in big box stores opening smaller format neighborhood stores, making it easier for local shoppers to browse and do returns, like Nordstrom Local.
How do you see these smaller format stores affecting our already existing independent brick and mortars, which have been serving these neighborhoods for years?
Steve Pruitt: Good question. I say let’s be optimistic. What if these stores bring more traffic to your town center? All you have to do is compete. In all likelihood, you have a better mix of merchandise and salespeople who really know the neighborhood. So I say, bring it on. You have the relationships, so you can maximize the business. Let them bring their little big boxes – it’s still just a box.
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