Location decision of a retailer and influencing factors
Résumé
Retail location decision-making is a nuanced process influenced by demographic, geographical, economic, and socio-cultural factors. It integrates analytical models and GIS technology to refine location choices, emphasizing the importance of aligning with market dynamics and legal constraints. The future of retail location strategy may evolve with trends like predictive analytics, AI, and sustainable practices, offering deeper insights for navigating the competitive retail landscape. This requires a proactive approach to challenges and legalities, ensuring sustainable growth and market presence.