In recent years, many small local shops have closed because customers travel to large shopping centers or malls to do their shipping. Is this a positive or a negative ?

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These days, it is believed by many that the tendency of travelling to large shopping malls has yielded the closure of small domestic
stores
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. I firmly believe that
such
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a trend has detrimental impacts on
consumers
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and business owners for a number of reasons. The first and
also
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the most crucial demerit relates to financial predicaments. When the overwhelming majority of
consumers
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opt for purchasing from large shops, limited-income
stores
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would definitely become overwhelmed with debts
as a result
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of the reduction in purchasing power and profit margins in these developing
stores
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. In Egypt,
for instance
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, the increasing popularity of universal brand names
such
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as US Polo and Zara has yielded the termination of many local
stores
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in the countryside which has jeopardized the financial status of many Egyptian families. One
further
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drawback is the surged pressure on large purchasing centres
due to
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the massive departure of
consumers
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to
such
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big brands. They would,
therefore
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, suffer from the shortage of consumer goods in specific areas which would probably cause the increase in prices of essential products
as a result
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of the increasing demand.
Further
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and more concerning, though, is the devastation of some domestic products.
This
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is mainly
due to
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the fact that a substantial proportion of domestic products are sold by small retailers with a limited budget who cannot afford the fierce competition with large brand names which are attempting to imitate national commodities. International Chinese firms,
for example
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, have been tempting
consumers
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to purchase Egyptian clay pots and offering them in large fancy
stores
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.
Accordingly
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, the end of the activity of local shops could gradually threaten the cultural identity of a country.
In addition
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to
this
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, the attraction of more
consumers
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to purchase from large shopping centres may induce consumerism
due to
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the wide variety and availability of high-quality goods
along with
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discounts and offers which are aimed mainly at attracting more clients. An eminent example of
this
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is the impact of Black Fridays in international shopping centres which
lure
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lures
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shoppers to overestimate their needs and pay for unnecessary goods . In conclusion, I am convinced that the threats which have resulted from purchasing mainly from large shops tip the scale towards disadvantages.
Subsequently
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, authorities ought to financially subsidise developing projects in order to maintain countries' cultural identity.
Submitted by ericssonsony551 on

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