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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: Edwarda who wrote (64845)	12/4/1999 11:12:00 AM
From: Grainne	Read Replies (1) \| Respond to of 108807

Edwarda, I don't know where you live, so I cannot really comment on your local Starbucks not displacing the local coffee hangout. San Francisco is kind of a special situation regarding big chain stores coming in, because we are essentially out of space in most neighborhoods. So if a big chain store, which can afford much higher rents, comes into a neighborhood, because there is almost no new supply of storefronts, the landlords do raise the rents across the board. Because small businesses cannot continue to operate at a loss and have fewer reserves, they do tend to fold here. The Starbucks and WalMart stories I told were not intended to both illustrate the same idea, i.e., that chain stores drive up neighborhood business rents. What is the same about them is that I consider the influx of large chain stores essentially evil because they are damaging to local businesses.