In the past three decades, the US retail industry has grown by more than 60%. Considering
the factors like increase in population, pay rise, and increase in standard of living, it is of no
surprise that the evolution of the industry was with the course of time. Low-cost products,
discounted high sales volume, and high inventory clearance were some of the many factors
which turned out to be profitable for the rise of the industry. Low-cost items and availability
of their easy replacement made it possible for this industry to grow with high volume of sales
compared to any other industry (Assael, 1987). Currently, leading its way in the retail industry,
Wal-Mart has had a tremendous success on the scale of profitability. With time, other emerging
companies like Meijer’s and K-Mart started competing for the market share in the retail
industry. There was a steady rise in the profit of these competitors, but Wal-Mart remained
the leading brand with maximum market share.
This study deals with the twin cities of Bloomington-Normal (henceforth referred to as
‘city’) located in the Mclean county in the central Illinois region. Normal is a small town
with a population of 70,000. The major employer of the city is State Farm Insurance; the
city is densely populated with middle-class and lower upper class income segments. The
shopping malls have played a major role in the growth of the city. The first shopping mall
was started in the year 1982, and by 2011, it had 8 shopping malls. The main reason for the
increase in the number of the shopping malls was the increase in the population of the city
which was the result of the change in the environment of the city which took place due to
the growth of certain factors. These factors act as attributes towards the rise in the number
of shopping malls in the city. Also, with globalization, new investors started investing in
the growth of the retail industry. As a result, many issues evolved addressing the factors of
environmental changes, changes in architectural and urban perception, changes in
communication and transportation and changes in the economic aspect of necessity of a
city. A city with limited population but with multiple shopping malls posed a question to
the town planners to think about.
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