They are still building more, wtf. There's like a supermarket every 2km while industry is nonexistent besides office jobs, tourism and some farming. For the last decade whenever news portals published their stupid articles, including new supermarket opening it would just get boos, get us factories not another supermarket we don't need with minimum wage jobs.
Welp can't say I understand the politics or economics behind it, but safe to say they probably feel there are more residential consumers than prospective factory workers. Also could be geography, supermarkets are so much easier to fit into. A factory is a huge deal, the clearances, the acquisitions, etc... If it was a good place for factory, it's safe to say there should already be several companies who applied for opening one. Ps: i mean you could go narcos style and open mini factories inside homes high risk, extraordinary returns.
A few years ago, there were news articles in the US lamenting about the continuing loss of supermarkets in urban neighborhoods. They cited that in the past, each neighborhood would be served by several supermarkets that offered a lot of variety and prices were kept low due to competition. Now, there are increasing situations where neighborhoods had no local supermarkets and residents would have to travel out of their area to shop. And a particular frustration that they noted was that often a supermarket would go out of business and be replaced with chain drug store, when there were already several drug stores every few blocks.
Here, it's the minimart that everywhere. In the capital city, you'd see a minimart in every 100/200m. I guess, people want faster, efficient, almost 24h open and clear price to shop.
that because local minimarket chainstore kinda lobby the government so it depends on local.... they become synonymous with convenience store~
Because end of the day, everyone needs food and every day supplies. So closer one is, the quicker one gets their stuff. People are tsunderes, they say boo, but will be in that super market within the first week it opens. The moment a factory starts opening, they will say "not in my back yard, can't you build it a few miles away?"
There's no way all those can make money, considering they're built in suburban areas which are not densely populated, and the declining populations...so it's not like the cities are expanding or building skyscrapers.
So you think. Suburbs are where the middle/upper income live and they have to eat too, not to mention they are more likely to pay a premium for what they want than people stuck in the city. And retirees are flushed with cash, if they live in the suburbs, they're an even more attractive niche market. Nah that's the laundromats.
Look if a suburb that hasn't expanded, was fine with one supermarket for a decade, it maybe could use another one but not 3 or 4.
Same but it's malls instead. It's kinda weird bc our city is far from being considered urban but there's so many malls here lol.
*shrug* So if the economic niche is oversaturated, the extra 2 will close eventually. If they don't, then there is obviously enough traffic and profit to sustain 3 or 4. It should be no skin off your back even if the extra 2 close down, so why not just wait and see if your prediction is correct?