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Havre economy shifts in modern shopping world

Loss of chain stores a sign of change, not economic failure, experts say

 

August 24, 2018

Havre Daily News/Ryan Welch

Cars drive past businesses surrounding Town Square Aug. 9 in Havre. Three major retailers closing down in Havre, but experts say that is a sign of the changing worldwide economy and the local economy is adapting and doing well.

Experts and local retailers say the closure of three major stores in Havre is not a sign of an economic failure, and, in fact, the local economy is not doing badly.

In the past year, small businesses have opened all over Havre. The reason for the corporate stores' closures, University of Montana Bureau of Business and Economic Research Director Emeritus Paul Polzin said, is because of the effects of online shopping.

"In many ways, mom and pop operations are the way in which you can compete against the internet," he said, adding that smaller businesses are able to provide hands-on service...



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