25A – What’s Next?


The development of Lifestyle Centers is initially targeted to middle class to upper class/ affluent families and individuals. However the designation to poorer or lower income areas I believe can work as well. Retailer such as Dollar General and Dollar Tree are growing faster than ever in our larger online retail landscape. This will help to develop and larger scope of bringing lifestyle centers to everyone. In these landscapes strategically placing lower priced stores and restaurants can create the same impact as in the more affluently located developments. 
Upon this I interviewed two people both being college kids. 
The first person I interviewed was Jake. Jake is a college kid who doesn’t have much money. He chooses to shop and eat at lower priced restaurants these include fast food stores and thrift shops. He also frequents stores such as Dollar General. When bringing up the idea to him he seemed enthusiastic to a place that has all of these lower priced stores in one common ground area. He was receptive to understanding that it does make more sense to be suited for affluent people, however, he does think that the concept can still work for lower income people. 
However, when interviewing Maurice, also a college student with much debt redoubted that these centers would work for lower income Americans. He stated that many people who are lower income don't have much time for leisure as they are constantly working to pay bills and having areas designated for leisure to them would not really make sense. This can hold true for many working class lower income Americans who hold over 2 jobs to make ends meet. Although Maurice Brought up that the lifestyle centers placed for affluent people can serve to produce many more jobs for lower income individuals to work at. This would help them he stated. 

Comments

  1. Hello Michael,
    Again, I am not in your group but I just wanted to finish the peer reviews for this week. I enjoyed reading your blog post. Your idea is interesting and I think you should stick with a higher income market. The one thing I would say about applying it to lower income people would be that combining leisure and purchasing might be good for them. Everyone needs to shop and leisure is also important so combining a little leisure into buying items would increase their quality of life.

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  2. Hi Michael,
    I enjoyed reading your discussion about the new venture you believe can grow your Lifestyle Centers. I find it intriguing you chose to target the lower income market. However, I believe that there are opportunities to expand your product in the lower income areas. Another market that could possible be targeted to expand your venture is the elderly and retired individuals. Retired individuals would take advantage of a Lifestyle Center because everything they need would be in one location and it would also provide them a sense of community.

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  3. Hi Michael, I think inputting stores such as the Dollar Tree into your lifestyle centers is a great idea. However, I do not think that is the best way to make sure lower income families and people get to experience the lifestyle centers. Instead I would think about putting places in your lifestyle center for recreational use such as a YMCA and a free gym. That way even the homeless can participate in a community.

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