High volume stand alone store,
No Indies, no Grocery pharmacies, only 1 other in town, RA and CVS 10 miles away.
Are we set for closure, lease not up for 30 more yrs.
2 replies (most recent on top)
You're good. You're not getting a remodel/THH because it's just burning money. You're already a destination store.
General closures (that I've seen in my market anyway) have at least 2 of these three variables:
1) low volume (20k or less)
2) terrible leases, usually upwards of 25-30k/mo
3) Very High Shrink. Not only red, but literally customers filling carts and smiling/waving as they walk out red. Put the whole store behind glass/drive thru Rx red. Prices are optional red. You get the idea.
In short, nothing like your situation. Congrats, you have a job here as long as you want one. 👍
If the store is profitable you probably won't close.