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The Smart Way to Shrink Your Retail Store
By Let's Talk Los Angeles on May 12, 2014
Retail space isn’t what it used to be. More people are browsing and buying online. Stores can get products faster from manufacturers, so they don’t need as much space to warehouse inventory. Small businesses are thus moving to smaller storefronts to lower costs. Some strategies—like subletting or moving to smaller quarters—are obvious. Others require creativity, such as finding a partner that could rent a kiosk or a counter in your storefront. Or you might sell some space to a service provider—putting a tailoring corner in a dress shop, for instance.
