Hometown Variety
Clark, South Dakota, a "prairie town of 1,300" just might be pointing the way to the future of retail, using a business model borrowed from the Green Bay Packers, reports Jeff Martin in USA Today (5/20/09). Football fans might remember that the Green Bay Packers franchise got its start when locals got together and "paid $5 a share to be part-owners of the team." To this day, the team is still owned by the community.
Taking a page from that playbook, more than 100 residents of Clark "have purchased $500 shares to finance the opening of the Clark Hometown Variety Store. Their motivation is simple: "We had no place in town to buy a pair of shoelaces or buy socks or underwear or any of those things," says Greg Furness, a shareholder, who also runs the local funeral parlor. They were without a store because the one they had was "underperforming" and shut down by its parent company, Duckwall-Alco Stores, back in 2005.
Since no other corporation was interested in taking a chance on Clark, the townsfolks took a chance on themselves, raising $100,000, with many volunteering to help build out a 6,500 square-foot store, which apparently is doing quite well. Similar efforts are underway in Sarnac Lake, N.Y. and Powell, Wyoming. This raises an interesting possibility: Maybe retailers should decide whether to open a new store based on whether or not the locals are willing to invest in it. And a question: What kind of a store would you care enough about to invest in so it could open in your 'hood?









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It's not the GM's, or the Coach's fault for drafting a player who turns out to be a bust, but 9/10 times "except in Elgian Baylors case,
My hometown store
I'd definitely go in wih friends on a toddler center--NOT daycare, but a weekend or evening place for kids to play together, safely, with parents taking turns, or just gathering together to watch kids play. Let's call it the Cul de Sac.
the co-op model has been
the co-op model has been around for a long time. i believe it began in farming communities. this is just going back in time, not forward. i like it though, it really goes back to what's important to people - it's all about connecting with each other and finding real meaning
Suburb Bliss
I live in a +1Million city, so there doesn't seem to be a compelling reason to adopt the community investment model except for one possible area:
I'd be willing to invest in some retail/restaurant/pub in my own neighborhood (happens to be a suburb!)as long as I couild walk or bike ot it.
I'm sure their are zoning hurdles to overcome, etc.
What kind of a store would you care enough about to invest in so
I would invest in a smaller Target!
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