Answer: The Cons would be demand would be reduced, there is nothing much to the pros, although students may still buy and take to their school location.
Explanation:
The Cons; The business would be affected very well. There is a drop in demand as a section of her major buyers won't patronize any longer based on the the relocation of their school.
Pros; Some students may still consider to buy and take to their school location but this would be very few in these scenario. But the retailer can offer a discount or exciting price to the students staying around as a way to still make them buy from her, make the price way much lesser than what they may tend to get from the new location stores where the school would be cited.