Dick’s Sporting Goods isn’t the only rapidly growing sporting goods chain based in the Northeast. Lesser know Olympia Sports based in Westbrook, Maine, recently surpassed its 200th location and has begun a march south and west from its home state. The company plans to open 25 stores during its current fiscal year, including its first store in West Virginia and others in states south of New York. A similar pace of expansion is expected for the following fiscal year beginning in October. Most of Olympia’s 207 stores are located in the far Northeastern markets of Maine (29 stores), Massachusetts
Best Buy's attempt to cross the Atlantic and deliver US-style retailing to British consumers has failed miserably, with the retailer planning to close all of its big box stores in the UK. It may have suffered from bad timing, but its retreat shows that even the most successful retail formats can fail if they do not adapt to changes in their target markets. US electronics retailer Best Buy has signaled its brand's retreat from the UK, just 18 months after it opened its first big box store. By the time it closes all of its stores at the end
Much like a four-letter word, disasters happen in all forms just about anywhere, without warning, at any time. So prepare your company and yourself. Here’s a disaster-readiness checklist I suggest you look over carefully. If you think you’re on top of it, compare your list to this one to ensure you have all the bases covered.