instance, in the case of Builders Square, the home improvement retailer could not compete with industry leaders such as Home Depot when it could not materialize the same low costs and contracts. As a result, it was presented with an option to form a merger with another home improvement retailer, Hechinger to better improve their business clusters and compete with Home Depot and other industry leaders. However, when it failed to do so, it slowly began to fail and eventually fell into bankruptcy. Although the merger attempted to create geographic clusters to compete with the low costs of other firms, costs were not lowered enough and eventually the plan failed, forcing Hechinger into Chapter 7 liquidation and Builders Square out of the industry. Clusters can also fail if the regional economy does not adapt with the times. In Detroit, when the automotive industry declined, the cluster and the city declined with it. Clusters can fail if they do not use their position to reinvent themselves and move into other industries before the tipping point is reached. See also Diamond District Economies of agglomeration Entrepreneurial ecosystem Economic restructuring Fashion Avenue Garment District Industrial district Living lab Meatpacking District Mega-Site Metropolitan economy Radio Row Restaurant Row Research-intensive cluster Theater District References Economic geography Strategic management Planned industrial developments Michael Porter Regional economics