There was a time when just hanging an “open” sign on your store meant you would be successful. Thanks in part to the recession, as well as whole slew of things—from changing demographics to technological advances to increased competition from areas never seen before—those days are long gone.
Now a retailer needs to actively seek out new opportunities in order to grow or re-capture lost business that occurred when the housing and financial sectors crashed.here was a time when just hanging an “open” sign on your store meant you would be successful. Thanks in part to the recession, as well as whole slew of things—from changing demographics to technological advances to increased competition from areas never seen before—those days are long gone.