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11-15-2012, 07:14 PM
  #357
Colt45Blast
is in your head
 
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Join Date: Jun 2009
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Quote:
Originally Posted by rt View Post
I can definitely understand the affluent community part, but aren't outlet malls a whole bunch of department stores in a row? Aren't they usually way the heck out in the boonies? Isn't buying last year's department store stock at a huge discount a pretty big draw?

I don't know, I'm way, way out of my element.
I try not to get too caught up in the demographics on paper when it comes to business. Even in the rich areas there are stores that close down or not much in the way of stores in the rich areas period for that matter. It comes down more to spending habits than anything else. You can have business all you want in an area that has more buying power than the next area over. However, if people in those areas are a bunch of tight wads(which is usually what most rich people are) then your not going to make much money.

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