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Houston Retail Performance Update
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market researchHouston Retail Performance UpdateAuthor: Patrick O'connor, Mai
In the retail community, there is an ongoing discussion about
consumers' lack of brand and store loyalty. Chain stores long
ago took over the retail landscape, and the mom-and-pop
retailer is nearly a thing of the past. Kaplan's Ben-Hur, an
independent department store operating in Houston's Heights
neighborhood for decades, recently closed amid rising land
prices and falling revenues. In contrast, residents of the nearby
Woodland Heights neighborhood were recently quoted as
being overjoyed about the opening of a brand new Target
nearby this summer.
Perhaps one explanation for this change is the blurring line (at
least in the minds of some consumers) between discount
stores and more traditional retailers. A new upscale Wal-Mart
Supercenter in the Dallas suburb of Plano aims to attract those
consumers who can be convinced that the term "upscale Wal-
Mart" is not an oxymoron, and who are none too pleased to
toss sushi in their cart alongsid
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