Sunday, September 20, 2009
Phone Shop Street
I remember a street in Hong Kong which sells all toilet bowls and other toilet fittings.
No doubt it is the copycat mentality. B sees A doing well selling phones so decides to do the same and then C too, takes advantage of the fact that people are already visiting that place for phones, so sets up his own phone shop. And on it goes.
One also thinks of price fixing, i.e., the shops, whether explicitly or implicitly, sell items at the same prices. It would be hard for one shop to stray far from the prices of the rest because he'll lose business to the competitors next door.
Is this an Asian thing? Do shops in the West operate in the same way? A row of shops all selling the same thing? I don't recall but maybe I am wrong.