Adieu to Reynolds
The folks who now own Reynolds concede that "the changing retail landscape made it difficult for us to compete.'' That's a polite way of saying that chains such as Kohl's, Marshalls and T.J. Maxx -- with the buying power to offer lower prices and cut exclusive deals on name brands -- drove Reynolds out. Their last three stores in Wall, Stafford and Brigantine, start going-out-of business sales Thursday.
The public has always wanted to get good value for their shopping dollars, and the national chains thrive by satisfying that wish. But shoppers also appreciate the one-on-one service that the smaller stores and mom-and-pops offered back in the day and is so often missing from the big guys these days. That point shouldn't be lost on the larger chains. It can help them avoid falling victim someday to the changing retail landscape.