Let us talk about the positive features of Giant Stores
- Their structure itself make the place more develop, it
will come up lots of freebees, sanitation facilities, civic facilities and
govt. subsidies
- Employment creator, it will stop the brain drain
migration, not only from the country also concentration from small town to
mega metro cities, Good opportunity for students, part time employees etc.
- One Stop family buying. It caters more scope for values
and social gatherings.
- Raise the standard of living of the town/small city.
- Raise the value of real estate.
- Encourage and attracts the banks, financial institutions,
Schools, Universities, Business associations to start up their branches,
ultimately more employment and endow with good standard of living.
- Encourage easy buying with reward points; cash back
offers and credit cards.
- Update the whole town and let them get the chance to
taste the new products, which were the sovereignty of mega towns and metro
cities.
- Ultimately, it grossly contributes to the GDP of country and help to fight with unemployment, under development, poverty and play a role of
socially responsible organization.
Every benefit comes with shortcomings. Every perfection has hidden
defects. Let us discuss.
- Impact of Govt. subsidies and freebees shall always
back up to Giant stores, much more effectively than the infrastructure of
town or Suburbs.
- Surely, without any doubt for creation of employment,
but 75-80% jobs entail part time positions. Apparently, Employees shall
get half of their salaries of what they normally receive.
- Shut down of local businesses like-grocery shops,
clothing shops, convenient shops, hardware goods shops, vegetables and
fruit sellers stalls, bakery shops, meat shops, ice cream shops, toys
shops etc. Hence, we cannot even count how many people shall be unemployed
and lose their bread and butter. Consumers shall move to big, convenient,
attractive, competitive, under one roof shopping. Giant Stores shall buy
goods at wholesale lower prices and sell them at 200-300% higher margins
to direct sellers. Any consumer enters the store or even drop near by the
store end up something or at least one unit of merchandise.
- GDP in terms of quantity, surely be effective and rise up, show up
economic growth. Nevertheless their will be no economic development in
terms of unemployment and poverty which will be soaring high due shut down
of local businesses and merchants.
- Offering cash back offers, rewards point, attractive
clearance sales or deals; Consumers shall tend to buy more than their
budget. Apparently, end up with deficit household budgeting. However, one
side more spending shall thrive to the money circulation in the economy. On
the other side, excessive spending ends up with a severe recession for the
town/city.
- Act of Red tapes, bureaucracy and political pressures
shall make this store a monopolistic market.
Henceforth a nation, their economy, consumers, cities need
to open up their eyes to unveil the concept of misrepresentation of facts
reiterated by Big stores/giant companies. Every free freebee comes up with
exploitation of nations land, labor, and economy. A nation needs to do a
strategic, comparative, contemplative and cost benefit analysis before
inviting any giant business to their land, Nations citizens are an utmost
important asset to the economy, protecting their sovereignty is foremost
responsibility of their authorities.
About the Author
The author is student of Post Graduate in International
Business at George Brown College, Canada.
The
author expresses his views on Giant Retail Stores vs. Small Street Stores; Here 'I' refers
to him.
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