Chain Stores: Benefits and Drawbacks

Topics: F. W. Woolworth Company, Shopping mall, Fast food Pages: 1 (336 words) Published: May 5, 2007
Does anyone remember when the local Harvey's was in business; Most of us in this room do not. This generation has always known Wal-mart. Chain stores have continued to grow throughout the years and "mom and pop" stores have suffered. Harvey's went out of business because of Wal-mart. The system that chain stores use is that at the beginning the have lower prices then local stores. Then when all the local stores go out of business that when the chain stores raise their prices, Wal- mart is infamous for this. In the 1900's their where only 58 chain stores. Some popular stores back then are practically extinct now. Because of big chain store like Wal-mart and Home Depot. One popular store was A&P rarely found in the U.S., most of their stores are in Canada. JC Penny was also popular and is till going strong despite Wal-mart, and Woolworths is rarely found in the U.S. Most of the stores are located in The UK. As chains stores grew the popularity began to decrease. This began the anti chain store movement. Where activist engorged Shoppers to shop at local stores, instead of chain stores. They also wanted laws to limit chain stores from coming into there town. Despite this movement chain stores continued to grow. Chain stores aren't completely bad, where else can you get groceries and hardware and household item all in one place other then a chain store, like Wal-Mart. Economically chain stores are hard on the communities but have good benefits. Some time this battle with chains stores and local communities is considered a battle with "hearts and wallets". Heart being we may love the local shop around the corner but we still make the chose to shop at Wal-mart. Wallets being that we like the saving we get at big chain stores. Chain store will continue to grow and local communities will continue to fight a battle they might lose
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