Chain Store Globalization Essay

A change had been noticed in different aspects of the world with the influence of globalisation. This can be noticed in the world as a whole or in an individual town or city. Looking at the retail aspect What is the cost of losing a town or city's distinctive identity in an era of conversions when local, independent shops are replaced by large chain stores? This essay will address the costs and gains of modification in retail markets. In my opinion at the cost of a monopoly player ruling the market, it is a beneficial variation to the modern world. because of the increase in job opportunities, the convenience for the consumers, and the high-quality products and services.
Primarily, the convenience provided to consumers with the extensive range of goods and the

As research states, "The retail industry is expanding quickly, and businesses are looking into new areas. Supermarkets, hypermarkets, and other retail giants are displacing independently held enterprises. Firms such as Walmart, Costco, and Amazon. " (Mordor Intelligence,2023). Firms such as Walmart, Costco, and Amazon. Chain stores often have centralised decision-making and may not contribute as much to the local economy as small independent shops. As a result, towns and cities enter a closed world where they lose the characteristics that make them unique from the other industry players. Also, community cohesion has declined Public gathering places are typically small, neighbourhood enterprises. Also, they might make donations to local charities and events, which fosters a sense of place. Large chain stores, on the other hand, could be less neighbourhood-focused and impersonal. The explanation shows how chain stores take over features and drawbacks like limiting the market and taking a hit to the local economy while deteriorating community cohesion among towns and