The Retail Leakage and Surplus Analysis shows the quantitative aspect of the community's retail opportunities. It is an analysis that helps us to understand the retail opportunities in the community. These are not unconditional opportunities for the area of study but a reflection of retail needs of local residents which are not met (unmet demand). It also lays out the strengths and weaknesses of the retail sector and difference between actual and potential retail sales. Retail leakage means people in the trade area spend more on these products outside where they reside. So there is an unmet demand in the trade area, implying that the community can support additional store space for that type of business. But that is not always the case because some local business may have a monopoly and no other retail store can survive the competition. Sheridan Hollow has the following retail leakages in the industry groups: Automobile dealers Other motor vehicle dealers Auto Parts, Accessories, and Tire Stores Furniture stores Home Furnishings stores Building material and Supplies dealers Lawn and Garden Equipment and Supplies Stores Grocery stores Beer, Wine, and Liquor stores Health and Personal care stores Gasoline Stations Shoe stores Jewelry, Luggage, and Leather Goods Stores Book, Periodical, and Musical stores Other General Merchandise Stores Office supplies, stationary and gift stores Used Merchandise stores Florists
The Retail Leakage and Surplus Analysis shows the quantitative aspect of the community's retail opportunities. It is an analysis that helps us to understand the retail opportunities in the community. These are not unconditional opportunities for the area of study but a reflection of retail needs of local residents which are not met (unmet demand). It also lays out the strengths and weaknesses of the retail sector and difference between actual and potential retail sales. Retail leakage means people in the trade area spend more on these products outside where they reside. So there is an unmet demand in the trade area, implying that the community can support additional store space for that type of business. But that is not always the case because some local business may have a monopoly and no other retail store can survive the competition. Sheridan Hollow has the following retail leakages in the industry groups: Automobile dealers Other motor vehicle dealers Auto Parts, Accessories, and Tire Stores Furniture stores Home Furnishings stores Building material and Supplies dealers Lawn and Garden Equipment and Supplies Stores Grocery stores Beer, Wine, and Liquor stores Health and Personal care stores Gasoline Stations Shoe stores Jewelry, Luggage, and Leather Goods Stores Book, Periodical, and Musical stores Other General Merchandise Stores Office supplies, stationary and gift stores Used Merchandise stores Florists
sheridan_hollow_econ_devt_report-_draft_09-09_edited_8.24.17.docx