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Mr. Eric Zweber
<br />WSB & Associates, Inc.
<br />December 19, 2017
<br />Page 47
<br />MAXFIELD RESEARCH AND CONSULTING, LLC
<br />TABLE 24
<br />RETAIL DEMAND POTENTIAL AND LEAKAGE
<br />HENNEPIN COUNTY
<br />2017
<br />Demand
<br />Supply
<br />Retail Gap
<br />Surplus/Leakage
<br />Number of
<br />Industry Group (NAICS Code)
<br />(Retail Potential)
<br />(Retail Sales)
<br />(Demand - Supply)
<br />Factor
<br />Businesses
<br />Total Retail Trade and Food & Drink (NAICS 44-45, 722)
<br />$23,168,709,937
<br />$24,969,872,273
<br />($1,801,162,336)
<br />(3.7)
<br />9,278
<br />Tota I Reta i I Tra de (NAI CS 44-45)
<br />$20,858,232,830
<br />$22,157,297,456
<br />($1,299,064,626)
<br />(3.0)
<br />6,390
<br />Total Food & Drink (NAICS 722)
<br />$2,310,477,107
<br />EXPENDITURE
<br />$2,812,574,817
<br />TYPE
<br />($502,097,710)
<br />(9.8)
<br />2,888
<br />Motor Vehicle & Parts Dealers
<br />$4,308,548,701
<br />$4,935,215,848
<br />($626,667,147)
<br />(6.8)
<br />494
<br />Automobi le Dea I ers
<br />$3,446,131,266
<br />$4,381,372,658
<br />($935,241,392)
<br />(11.9)
<br />192
<br />Other Motor Vehicle Dealers
<br />$481,691,364
<br />$241,203,595
<br />$240,487,769
<br />33.3
<br />89
<br />Auto Parts, Accessories & Tire Stores
<br />$380,726,071
<br />$312,639,595
<br />$68,086,476
<br />9.8
<br />213
<br />Furniture & Home Furnishings Stores
<br />$671,176,633
<br />$973,802,560
<br />($302,625,927)
<br />(18.4)
<br />372
<br />Furniture Stores
<br />$404,679,267
<br />$719,995,929
<br />($315,316,662)
<br />(28.0)
<br />162
<br />Home Furnishings Stores
<br />$266,497,366
<br />$253,806,631
<br />$12,690,735
<br />2.4
<br />210
<br />Electronics & Appliance Stores
<br />$779,650,061
<br />$1,050,461,363
<br />($270,811,302)
<br />(14.8)
<br />423
<br />Bldg Materials, Garden Equip. & Supply Stores
<br />$1,467,246,241
<br />$1,520,171,215
<br />($52,924,974)
<br />(1.8)
<br />557
<br />Bldg Material&Supplies Dealers
<br />$1,324,440,594
<br />$1,439,612,015
<br />($115,171,421)
<br />(4.2)
<br />476
<br />Lawn & Garden Equip & Supply Stores
<br />$142,805,647
<br />$80,559,200
<br />$62,246,447
<br />27.9
<br />81
<br />Food & Beverage Stores
<br />$3,305,974,043
<br />$3,075,748,654
<br />$230,225,389
<br />3.6
<br />745
<br />Grocery Stores
<br />$2,719,393,786
<br />$2,448,193,873
<br />$271,199,913
<br />5.2
<br />361
<br />Specialty Food Stores
<br />$168,265,811
<br />$171,408,676
<br />($3,142,865)
<br />(0.9)
<br />187
<br />Beer, Wine & Liquor Stores
<br />$418,314,446
<br />$456,146,105
<br />($37,831,659)
<br />(4.3)
<br />197
<br />Health & Personal Care Stores
<br />$1,444,064,248
<br />$1,457,795,870
<br />($13,731,622)
<br />(0.5)
<br />511
<br />Gasoline Stations
<br />$2,267,501,559
<br />$1,113,835,678
<br />$1,153,665,881
<br />34.1
<br />247
<br />Clothing & Clothing Accessories Stores
<br />$1,142,973,158
<br />$1,663,179,726
<br />($520,206,568)
<br />(18.5)
<br />1,060
<br />Cl othi ng Stores
<br />$774,154,614
<br />$1,257,723,092
<br />($483,568,478)
<br />(23.8)
<br />725
<br />Shoe Stores
<br />$161,601,699
<br />$177,000,222
<br />($15,398,523)
<br />(4.5)
<br />120
<br />Jewelry, Luggage & Leather Goods Stores
<br />$207,216,845
<br />$228,456,412
<br />($21,239,567)
<br />(4.9)
<br />215
<br />Sporting Goods, Hobby, Book & Music Stores
<br />$647,455,533
<br />$812,335,807
<br />($164,880,274)
<br />(11.3)
<br />531
<br />Sporting Goods/Hobby/Musical Instr Stores
<br />$561,028,522
<br />$691,618,003
<br />($130,589,481)
<br />(10.4)
<br />438
<br />Book, Periodical & Music Stores
<br />$86,427,011
<br />$120,717,804
<br />($34,290,793)
<br />(16.6)
<br />93
<br />General Merchandise Stores
<br />$3,683,528,480
<br />$3,118,258,947
<br />$565,269,533
<br />8.3
<br />300
<br />Department Stores Excluding Leased Depts.
<br />$2,768,054,392
<br />$2,128,058,707
<br />$639,995,685
<br />13.1
<br />103
<br />Other General Merchandise Storess $915,474,088
<br />Miscellaneous Store Retailers .. $799,727,609
<br />$990,200,240
<br />$848,126,062
<br />($74,726,152)
<br />($48,398,453)
<br />(3.9)
<br />(2.9)
<br />197
<br />998
<br />Florists
<br />$45,527,447
<br />$63,012,000
<br />($17,484,553)
<br />(16.1)
<br />107
<br />Office Supplies,Stationary&Gift Sts
<br />$167,282,748
<br />$177,651,900
<br />($10,369,152)
<br />(3.0)
<br />265
<br />Used Merchandise Stores
<br />$104,884,138
<br />$121,419,040
<br />($16,534,902)
<br />(7.3)
<br />163
<br />Other Miscellaneous Stor
<br />Do'ses
<br />$482,033,276
<br />$486,043,122
<br />($4,009,846)
<br />(0.4)
<br />463
<br />Nonstore Retailers
<br />$340,386,564
<br />$1,588,365,726
<br />($1,247,979,162)
<br />(64.7)
<br />152
<br />Electronic Shopping&Mail-
<br />$264,788,750
<br />$1,542,255,474
<br />($1,277,466,724)
<br />(70.7)
<br />95
<br />Vending Machine Operators
<br />$15,365,586
<br />$18,042,785
<br />($2,677,199)
<br />(8.0)
<br />19
<br />Direct Selling Establishments
<br />$60,232,228
<br />$28,067,467
<br />$32,164,761
<br />36.4
<br />38
<br />Food Services & Drinking Places
<br />$2,310,477,107
<br />$2,812,574,817
<br />($502,097,710)
<br />(9.8)
<br />2,888
<br />Special Food Services
<br />$57,042,060
<br />$85,543,664
<br />($28,501,604)
<br />(20.0)
<br />94
<br />Drinking Places -Alcoholic Beverages
<br />$138,339,841
<br />$116,543,152
<br />$21,796,689
<br />8.6
<br />127
<br />Restaurants/Other Eating Places
<br />$2,115,095,206
<br />$2,610,488,001
<br />($495,392,795)
<br />(10.5)
<br />2,667
<br />Note: All figures quoted in 2016 dollars. Supply (retail
<br />sales ) estimates sales to consumers by establishments, sales to businesses
<br />are
<br />excluded. Demand (retail potential) estimates theexpected amoutspent by
<br />consumers ata retail establishment. Leakage/Surplus factor
<br />measures the relationship between supply and demand
<br />at ranges from+100 (total leakage) to
<br />-100 (total surplus).
<br />A positivevalue represents
<br />"leakage" of retai I opportunity outside the trade area. A negative value represents a surplus of retail sales, a market
<br />where customers
<br />are drawn
<br />in from outside the trade area.
<br />Sources: ESRI; Maxfield Research & Consulting, LLC
<br />MAXFIELD RESEARCH AND CONSULTING, LLC
<br />
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