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Old August 11, 2015, 05:59 PM
Dien Rice Dien Rice is online now
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Join Date: Aug 2006
Posts: 3,290
Default Re: Business advice from 7 of the top CEOs in business today

Originally Posted by MMacGillivray View Post
The Telegraph newspaper has a section on retail businesses in the UK - and I found it fascinating that there is a prediction that a third of new UK start-ups will be pop-up shops. The high street trading environment used to be so stable that there were few, if any, opportunities to get a short-term lease, but the challenging trading conditions are obviously changing that.

I wonder if that is creating a different kind of opportunity for owners of commercial property - malls, etc, start to suffer when there isn't enough footfall so filling empty spaces, even for a short time, makes sense.
Hi Margaret,

Thanks - that was an interesting article!

I don't know much about "pop-ups"... But I do know that fitting out a retail store can be very expensive. From the retailer's point of view, starting out as a "pop-up" would seem to make a lot of sense... It's a way to "test" the market, without the full-blown expense of a full-blown retail store...!

It could also be a good way to "test" several locations less expensively... Then, once you get the results from several locations, you could set up a proper retail store in the location where you achieved the best sales...

There's a lot to be said for testing...

Best wishes,

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