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Strategies & Market Trends : Three Amigos Stock Thread

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To: LTK007 who wrote (4055)4/29/1998 7:09:00 PM
From: Carole  Read Replies (1) of 29382
 
Max

I found one of the articles I was looking for - The Rise and Fall of the American Mall. There is one more I have yet to find, which is more pointed as to the direction shopping is taking. In my town, you could shoot a cannon down the hallway of a mall and not hit anyone.
A friend of mine owned an independent music store in our most popular mall. Her lease contract stipulated that she had to spend $60,000 each year upgrading her shop which was long and narrow like most CD stores. There was no way she could find areas to spend that much and prove to the management that she had complied with her lease. Imagine what the larger stores had to spend! Enter the discount stores - selling CD's for less than her cost. Cheap CD's, but no personal service. That's just part of the story, but you get the picture.
Here's the link... another link to follow when I find it.
cnn.com
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