11-14-2018 Council Packet - Laserfiche WebLink

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In Dollars (millions) As % of Potential Trade Area Pop. Gain or Loss Number of Firms Percent of Total Sales $265.93 $274.43 +$8.50 +3.2% 17,067 158 5.1% $137.78 $136.90 -$0.88 -0.6% -3,418 130 2.6% $148.48 $310.42 +$161.93 +109.1% 582,020 109 5.8% $508.98 $275.74 -$233.25 -45.8% -244,561 96 5.1% $352.94 $442.08 +$89.14 +25.3% 134,791 377 8.2% $64.12 $87.72 +$23.60 +36.8% 196,407 210 1.6% $115.01 $83.18 -$31.84 -27.7% -147,722 133 1.6% $89.28 $124.64 +$35.36 +39.6% 211,357 350 2.3% $117.41 $131.83 +$14.42 +12.3% 65,562 291 2.5% $511.64 $360.00 -$151.64 -29.6% -158,170 77 6.7% $146.08 $135.88 -$10.20 -7.0% -37,263 866 2.5% $158.77 $624.43 +$465.66 +293.3% 1,565,188 151 11.6% $206.40 $143.32 -$63.08 -30.6% -163,102 54 2.7% $826.79 $993.50 +$166.71 +20.2% 107,610 1,175 18.5% $126.75 $122.43 -$4.32 -3.4% -18,208 486 2.3% $81.84 $141.05 +$59.20 +72.3% 386,058 708 2.6% $4,647.67 $5,362.42 +$714.75 +15.4% 82,072 10,203 100.0% Gas/Convenience Store Amusement & Recreation Trade Area Analysis of Retail Sales Ramsey County Potential Sales ($millions) Actual Sales ($millions) Variance Between Actual & Potential The following tables provide information on retail sales by merchandise category. "Potential sales" is a standard to which actual performance is compared. In calculating potential sales, population and income characteristics are taken into account Potential sales can be used as a guideline or "par value" in analyzing retail strength. Deviations from these norms can be analyzed to first judge whether they should be considered relevant. If the differences appear to be significant (whether in dollar amounts or relatively with percentages), additional consideration is merited. Categories with undesirable performance may be further examined for potential corrective action. It is also important to determine whether or not the situation is relatively uncontrollable due to external or extenuating circumstances. In cases of favorable differences from expectations, the positive aspects should be identified and built upon. Trade Area Analysis by Merchandise Category, 2016 Merchandise Group Clothing *All retail and service categories are included in Total Sales, including some categories not shown. Therefore, the merchandise groups shown here generally will not sum to Total Sales. Personal Services, Laundry Total Taxable Retail & Service* Accommodations Eating & Drinking Places Repair, Maintenance Leisure Goods General Merchandise Stores Miscellaneous Retail Vehicles & Parts Furniture Stores Electronics Building Materials Food, Groceries Health, Personal Stores 26