Thursday, November 28, 2013

Another Business Bites the Dust

On November 27 I was advised that products were being boxed
up and hauled away from The Corner Drugstore and it looked
like the business was closing. So today I took a look and took a
photo of the place being dismantled and boxed up.





Is there really a large enough population in this end of Iron
County to support two pharmacies, one that has financial
strength by being part of a small chain, and the other that
was a free standing independently owned business?

In my opinion, the population isn't adequate for 2 pharmacies,
and marginally big enough for one. The question that remains
is how long will that one pharmacy hang on?

It hardly matters that the Chamber of Commerce encourages
the population to buy locally when even if that desire were met
with 100% compliance, the local population is no longer adequate
to support very many businesses.

Please note that the anchor businesses in Iron River are all parts
of small chains. Angeli's, Snyder's, Shopco Hometown, Krist Oil
and Holiday Gas can depend on business and profits generated
outside Iron County to keep the local aspects of their business
afloat for a while longer. But that's not a permanent situation by
any means.Unless a concerted effort is made to repopulate Iron
County, the business sectors will become ghost towns within a
couple of decades.

Bill Vajk

No comments:

Blog Archive