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economy

Mom-and-pop meet big-box: Complements or substitutes?

Source: JournalistsResource.org

Since the mid-1970s, chain retailers have grown significantly in the United States, and now account for a substantial share of retail sales and employment in the retail sector. This rise has raised concerns about the stores’ impact on smaller, family-owned retailers. The advancement of chain retailers is said to have caused the closing of smaller establishments, the decline in downtown retail districts and increased unemployment.