Varying market niches; categories include discount departmetn stores, category killers and warehouse clubs. The new mantra is small box. While Best Buy, Wal-Mart Stores Inc. and Target Corp. are still opening large stores, all are putting increasing emphasis on smaller ones. Best Buy released its first-quarter 2012 earnings this week, and though the numbers beat Wall Street expectations, net income took a tumble falling 25, compared with last year.
Bucking a national trend toward smaller footprints, one discount retailer is adding big-box stores in suburban Chicago while shuttering one of its experimental downsized locations. Courtesy of Target. Is This What an Urban ‘Big Box Store’ Should Look Like? Target’s new Los Angeles space aims for urban chic. Do they miss the mark? Wal-Mart is a classic example of a big box store. By being cheaper, bigger, more convenient, and more well-known, it has an advantage over smaller stores and specialty stores.
The roofs of big box retail stores are flat, vacant, and generally exposed to the sun, so they make ideal places for solar panels. Retailers have already invested heavily in solar. Wal-Mart and the other big box stores have been accused of sourcing from overseas factories which operate under inhumane conditions and contribute to a long list of human rights violations such as human trafficking and involuntary servitude.