Friday, March 20, 2009
Walgreens
The type of retailer I visited this week was a pharmacy, and this particular store is located in a city/town location. I concluded that Walgreens was in this particular setting because it's located near UNCG's campus and there are also nearby neighboorhoods and student apartments. I feel that this retailer chose I great location for it's business because it has many advantages compared to other retailers that are close by. First, Walgreens has somewhat of an advantage over CVS because it's closer for students on campus that may not want to move their car just to pickup a few items that are not avaliable on campus. There is also a lot of pedestrian traffic that passes this store on a daily basis, and being that they are very visible it's easy for customers to find their location. The parking lot can hold around 35 to 45 cars and great lighting is also provided at night. Walgreens disadvantages may include; competition, congested traffic, and closing time. Competition can be a disadvantage because CVS is just down the street and prices on particular products can fluctuate because CVS may try to intice customers. Congestion of traffic is also an issue being that Walgreens is location on the corner of a busy intersection. This particular Walgreen's has a disadvantage because they close at eleven o' clock, while other Walgreens are open 24 hours. Overall, I feel that this retailer has a great location because thay receive a lot of business from the local area.
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