Thursday, April 27, 2017

Train In Vain

Do you remember Consumers Distributing? If you're too young, or too non-Canadian, I'll explain that it was a catalog-based retailer. Their "stores" were little more than small warehouses with a few desks out front where you could order items. Then a sales person would go back into the warehouse and find they were out of your item and they'd have to order it.

Anyway, Consumers went under some time in the early 90's, and their stores became so many bingo halls. But I always thought that was such unfortunate timing. After all, who would be better positioned to take advantage of e-commerce, than a company who already had an ordering system and network of warehouses? If they could have just survived that early-nineties recession, they could have beat everyone to the market and ensured years of prosperity, instead of ending up as a retail footnote.

I'm reminded of how cruel business timing can be when I look at this:



This is a plaza near where I live. As you can see, it's seen better days. A number of businesses have cone and gone, and it's mostly closed now. Its parking lot is small and hard to get into, it's off to the side of other shopping areas, and it's not the most prosperous neighbourhood to begin with.

The sad part is what you can see in the front of it:


It's a half-finished light rail station. Yes, this sad-sack plaza has suddenly become prime real estate, because it's right outside one of the stops on KW's new transit system. We've recently seen several other development projects started or announced near other stations, as they transform eyesores and vacant lots into hot properties.

So just think, if any of those businesses could have just hung on for a few more years, they'd be looking great right now, with a big source of foot traffic dropped right in front of them  Instead, it will fall to new businesses to take advantage. Someday soon, the closed stores will be filled by over-priced coffee shops, who's patrons will be unaware of the ghosts of short-lived nail salons around them.

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