Foot Traffic In America

Next, I would look at retail businesses in the area. You can gain informal secondary research by going to retail businesses near locations you’re looking at, and talking to the managers to see what data they might have on foot traffic into the store. You’d want to find an area with high foot traffic, as you will been in an area where potential customers will see your business. There have been times when this very situation has happened to me. I’m at Target, and walking out I see a

Once we have succeeded in our mission to promote shopping locally even more, “for rent/sale” signs and vacant buildings will be a scarcity. In their places will be store fronts with friendly faces there to greet you at the door and help you find just what you were looking for, whether it be for yourself or someone you love. Main Street will be buzzing with activity. Shoppers will be carrying around their purchases in colorful bags, enjoying a conversation with their close friends and family, and experiencing just what Pratt was missing; the feeling of community. And with all of the fun and exciting events, they will remember the joys of shopping rather than the hassle it can cause.

To gain a better understanding of the retail and commercial activity in the Toronto area, two different types of retail will be evaluated in the following report. The character, market orientation and location of a retail space all play crucial role in contributing to the success of the business. All three aspects of the retail spheres will be carefully assessed in order to make direct comparisons between the two types of retail businesses. The two retail systems that will be contrasted includes the ancillary retail system in downtown Toronto and the Retail Strip on Spadina, south of Baldwin.

In the United States, their are about 1 million outlets (stores), and numerous amounts of online retailers that sell items to the public. The demand in this industry is primarily driven by spending and interest rates. Due to this fact economic health affects consumer confidence and spending. But overall there has been a consistent trend of sales in the sector as a whole. Overall in the United States, the industry has a combined revenue of about five trillion dollars. Revenue (in current trading dollars) for retail trade in the US is to forecasted to grow an annual compounded rate of five percent between 2015 and 2019. In addition, total United States retail sales increased 2.1 percent in the first ten months of 2015 compared to the same period in 2014.

In a day of, “I want it now and I’m willing to pay for it,” a shopping center has to offer a variety of stores, and also have several options. The shoe shopper will go to the place with 5 shoe stores before they go to the place with only 1. They may not realize that of the 5 available shoe stores; only 1 is in their price range, but satisfying a wider variety of consumers will help the mall broaden the shopper’s experience. But it is important to remember that shoppers are price sensitive, so not only do you need a variety of stores offering a variety of products, but you also need to be able to provide a variety of price points so you don’t limit your shopper demographics.

Based on the provided demographic data points by the real estate company experts, we’re able to utilize the existing 250 stores with 32 various data points. These data points vary from the ethnic backgrounds, family income and size, to the house sizes and the amenities, to the sales and percent of hard goods for each of the stores. We’re additionally geared with the 7 competitive types: 1 – Densely populated areas with relatively little direct competition; 2 – High income areas with little direct competition; 3 – Locations near major shopping centers; 4 – Stores in downtown

Due to decay, the city’s downtown area is currently experiencing business loss. Retailers surmise that the major contributing factors are pedestrian safety and aesthetics. The primary issue facing the city, in line with its goals, is economic development and the creation of a “vibrant downtown” which will stimulate retail business activity. Retailers are requesting changes to the aesthetics including adding brick sidewalks and planting areas.

customers to the local shopping area by cutting down on trips by locals to bigger urban areas

In the world of commerce and retail today, there are a variety of retail stores that are all geared toward the customers who are interested in saving money and finding bargains on their daily purchases, as well as on some of their major purchases. Some of the retail stores that are in this category of low prices and discount prices are Big K-Mart, Wal-Mart, Inc., Fred’s Dollar Store, Family Dollar Store, and Ollie’s Bargain. Due to the increase in e-commerce and online purchases, several of these retail stores, such as Big K-Mart and Fred’s Dollar stores are closing in many areas of the country. Since there has been an increase in the demand for more sales and discounts by customers and there are less discounts stores available, retail stores

People don’t realize how much effort stores put into designing their store layout. They use different techniques like some having a small store so they can stock put more product on their shelves, to make the store look fuller. Another is making the signs look bigger because of the small space. Bigger stores group products for different occasions, so the customer buy what you want and leave faster. These styles may change, and some may stay the same depending on the costumer's needs. But one thing will stay the same, how can we get people in our store? And how can we make them buy our

Also, shopping mall popularity is shrinking, with some retailers focusing on and consumers preferring stand-alone locations similar to Kohl’s. Over the

According, the United State Census Bureau, the U.S. population is increasing, every eight seconds a child is born. With the population increasing sort of rapidly the construction of new neighborhoods it is going to be necessary to house these prospering families. Also, the establishment of stores are going to be needed. Therefore, neighborhood stores are going to become available and malls too, but they both are going to vary in certain aspects. Neighborhood stores are stores that provides accommodations to the locals. Malls, on the other hand, are large buildings made of multiple competitive retails stores. Nevertheless, neighborhood stores and malls seem very similar, but when looking at their square footages, remoteness from home, and marketability, they are quite different.

Rue 21 is one of the many retailers that are geared towards teens, however what set them apart from the rest is their affordability. This company strives to keep all of its merchandise under 35 dollars. Rue 21 has locations in various strip malls with 52 percent, regional mall 31 percent and outlet centers 17 there are pros and cons that affect the company for each of them (Berman, 2009). Having this store in a strip center can be a really great thing for consumers put not such a positive thing for the company as a whole. The positive to a strip mall is that it is easily accessible for customers to find and shop at the location. Strip malls have less congestion when it comes to parking, which makes for a more pleasurable for shoppers like

Most of the commercial land use Downtown is in the form of a service commercial uses and restaurants and bars. Niche retail is lacking. The absence of such retail is one of the reasons pedestrian flow is lacking. There is not enough shopping to cause pedestrian to investigate Main Street from one end to the other. This is a problem that must be considered in a redevelopment and improvement strategy.

The results of the study reveal that the assortment of stores, sales promotions, ambience of shopping malls, and comparative economic gains in the malls gather the attention of higher customer traffic to the malls. The urban shoppers visit shopping malls as a leisure center to relax, tend to shop in response to various promotions and spend long hours. The major factors that affect shopping stimulation among urban shoppers are store ambience and attractiveness relating to products and services, location of the mall, brand value and price and recreational facilities.