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HomeMy WebLinkAboutupper_baseline_retail_demand_outlookRetail Demand Outlook Polygon Prepared by Esri Area: 6.37 square miles Top Tapestry Segments Percent Demographic Summary 2021 2026 Metro Fusion (11C)56.6%Population 9,620 9,652 Hometown Heritage (8G)30.3%Households 3,224 3,223 Forging Opportunity (7D)13.0%Families 2,176 2,162 City Commons (11E)0.0%Median Age 29.0 29.3 0.0%Median Household Income $35,151 $37,946 2021 2026 Projected Consumer Spending Forecasted Demand Spending Growth Apparel and Services $3,441,632 $3,787,058 $345,426 Men's $657,645 $723,949 $66,304 Women's $1,145,899 $1,260,577 $114,678 Children's $547,966 $603,336 $55,370 Footwear $857,882 $943,845 $85,963 Watches & Jewelry $183,911 $202,204 $18,293 Apparel Products and Services (1)$76,574 $84,203 $7,629 Computer Computers and Hardware for Home Use $263,295 $289,923 $26,628 Portable Memory $6,735 $7,411 $676 Computer Software $15,835 $17,435 $1,600 Computer Accessories $28,824 $31,714 $2,890 Entertainment & Recreation $4,748,183 $5,223,316 $475,133 Fees and Admissions $1,021,873 $1,124,662 $102,789 Membership Fees for Clubs (2)$342,777 $377,201 $34,424 Fees for Participant Sports, excl. Trips $160,024 $176,143 $16,119 Tickets to Theatre/Operas/Concerts $108,224 $119,009 $10,785 Tickets to Movies $94,427 $104,053 $9,626 Tickets to Parks or Museums $51,893 $57,162 $5,269 Admission to Sporting Events, excl. Trips $81,831 $89,959 $8,128 Fees for Recreational Lessons $180,683 $198,924 $18,241 Dating Services $2,013 $2,211 $198 TV/Video/Audio $1,870,793 $2,057,811 $187,018 Cable and Satellite Television Services $1,235,364 $1,358,447 $123,083 Televisions $197,748 $217,667 $19,919 Satellite Dishes $2,608 $2,869 $261 VCRs, Video Cameras, and DVD Players $8,255 $9,076 $821 Miscellaneous Video Equipment $21,847 $24,034 $2,187 Video Cassettes and DVDs $13,850 $15,245 $1,395 Video Game Hardware/Accessories $56,080 $61,689 $5,609 Video Game Software $31,476 $34,629 $3,153 Rental/Streaming/Downloaded Video $128,560 $141,527 $12,967 Installation of Televisions $919 $1,014 $95 Audio (3)$168,686 $185,682 $16,996 Rental and Repair of TV/Radio/Sound Equipment $5,401 $5,932 $531 Pets $1,007,126 $1,107,527 $100,401 Toys/Games/Crafts/Hobbies (4)$194,210 $213,627 $19,417 Recreational Vehicles and Fees (5)$126,696 $139,151 $12,455 Sports/Recreation/Exercise Equipment (6)$266,596 $293,537 $26,941 Photo Equipment and Supplies (7)$72,752 $80,047 $7,295 Reading (8)$146,511 $161,146 $14,635 Catered Affairs (9)$42,101 $46,331 $4,230 Food $14,890,379 $16,389,114 $1,498,735 Food at Home $8,734,798 $9,612,594 $877,796 Bakery and Cereal Products $1,105,412 $1,216,385 $110,973 Meats, Poultry, Fish, and Eggs $1,904,085 $2,095,256 $191,171 Dairy Products $850,279 $935,772 $85,493 Fruits and Vegetables $1,683,794 $1,853,293 $169,499 Snacks and Other Food at Home (10)$3,191,228 $3,511,889 $320,661 Food Away from Home $6,155,581 $6,776,520 $620,939 Alcoholic Beverages $919,309 $1,011,477 $92,168 Data Note: The Consumer Spending data is household-based and represents the amount spent for a product or service by all households in an area. Detail may not sum to totals due to rounding. This report is not a comprehensive list of all consumer spending variables therefore the variables in each section may not sum to totals. Source: Esri forecasts for 2021 and 2026; Consumer Spending data are derived from the 2018 and 2019 Consumer Expenditure Surveys, Bureau of Labor Statistics. September 30, 2021 ©2021 Esri Page 1 of 3 Retail Demand Outlook Polygon Prepared by Esri Area: 6.37 square miles 2021 2026 Projected Consumer Spending Forecasted Demand Spending Growth Financial Value of Stocks/Bonds/Mutual Funds $32,186,460 $35,381,921 $3,195,461 Value of Retirement Plans $115,048,463 $126,410,673 $11,362,210 Value of Other Financial Assets $10,227,588 $11,203,396 $975,808 Vehicle Loan Amount excluding Interest $5,057,760 $5,567,548 $509,788 Value of Credit Card Debt $4,190,023 $4,608,428 $418,405 Health Nonprescription Drugs $235,261 $258,786 $23,525 Prescription Drugs $487,689 $535,969 $48,280 Eyeglasses and Contact Lenses $139,010 $152,839 $13,829 Home Mortgage Payment and Basics (11)$12,764,037 $14,038,111 $1,274,074 Maintenance and Remodeling Services $3,240,160 $3,565,351 $325,191 Maintenance and Remodeling Materials (12)$737,307 $811,088 $73,781 Utilities, Fuel, and Public Services $8,084,947 $8,894,971 $810,024 Household Furnishings and Equipment Household Textiles (13)$160,362 $176,482 $16,120 Furniture $1,000,901 $1,101,506 $100,605 Rugs $41,188 $45,282 $4,094 Major Appliances (14)$534,958 $588,599 $53,641 Housewares (15)$134,714 $148,311 $13,597 Small Appliances $87,629 $96,442 $8,813 Luggage $27,145 $29,892 $2,747 Telephones and Accessories $155,300 $170,840 $15,540 Household Operations Child Care $794,779 $874,913 $80,134 Lawn and Garden (16)$618,007 $679,525 $61,518 Moving/Storage/Freight Express $128,521 $141,653 $13,132 Housekeeping Supplies (17)$1,230,622 $1,354,243 $123,621 Insurance Owners and Renters Insurance $837,830 $921,130 $83,300 Vehicle Insurance $3,193,358 $3,516,043 $322,685 Life/Other Insurance $785,506 $863,388 $77,882 Health Insurance $6,089,100 $6,696,653 $607,553 Personal Care Products (18)$811,482 $893,126 $81,644 School Books and Supplies (19)$222,611 $245,131 $22,520 Smoking Products $695,483 $764,170 $68,687 Transportation Payments on Vehicles excluding Leases $4,283,158 $4,714,665 $431,507 Gasoline and Motor Oil $4,047,329 $4,455,529 $408,200 Vehicle Maintenance and Repairs $1,776,030 $1,954,230 $178,200 Travel Airline Fares $883,894 $973,180 $89,286 Lodging on Trips $944,198 $1,038,704 $94,506 Auto/Truck Rental on Trips $79,855 $87,932 $8,077 Food and Drink on Trips $849,965 $935,437 $85,472 Data Note: The Consumer Spending data is household-based and represents the amount spent for a product or service by all households in an area. Detail may not sum to totals due to rounding. This report is not a comprehensive list of all consumer spending variables therefore the variables in each section may not sum to totals. Source: Esri forecasts for 2021 and 2026; Consumer Spending data are derived from the 2018 and 2019 Consumer Expenditure Surveys, Bureau of Labor Statistics. September 30, 2021 ©2021 Esri Page 2 of 3 Retail Demand Outlook Polygon Prepared by Esri Area: 6.37 square miles (1) Apparel Products and Services includes shoe repair and other shoe services, apparel laundry and dry cleaning, alteration, repair and tailoring of apparel, clothing rental and storage, and watch and jewelry repair. (2) Membership Fees for Clubs includes membership fees for social, recreational, and health clubs. (3) Audio includes satellite radio service, radios, stereos, sound components, equipment and accessories, digital audio players, records, CDs, audio tapes, streaming/ downloaded audio, musical instruments and accessories, and rental and repair of musical instruments. (4) Toys and Games includes toys, games, arts and crafts, tricycles, playground equipment, arcade games, online entertainment and games, and stamp and coin collecting. (5) Recreational Vehicles & Fees includes docking and landing fees for boats and planes, payments on boats, trailers, campers and RVs, rental of boats, trailers, campers and RVs, and camp fees. (6) Sports/Recreation/Exercise Equipment includes exercise equipment and gear, game tables, bicycles, camping equipment, hunting and fishing equipment, winter sports equipment, water sports equipment, other sports equipment, and rental/repair of sports/recreation/exercise equipment. (7) Photo Equipment and Supplies includes film, film processing, photographic equipment, rental and repair of photo equipment, and photographer fees. (8) Reading includes digital book readers, books, magazine and newspaper subscriptions, and single copies of magazines and newspapers. (9) Catered Affairs includes expenses associated with live entertainment and rental of party supplies. (10) Snacks and Other Food at Home includes candy, chewing gum, sugar, artificial sweeteners, jam, jelly, preserves, margarine, fats and oils, salad dressing, nondairy cream and milk, peanut butter, frozen prepared food, potato chips and other snacks, nuts, salt, spices, seasonings, olives, pickles, relishes, sauces, gravy, other condiments, soup, prepared salad, prepared dessert, baby food, miscellaneous prepared food, and nonalcoholic beverages. (11) Mortgage Payment and Basics includes mortgage interest, mortgage principal, property taxes, homeowners insurance, and ground rent on owned dwellings. (12) Maintenance and Remodeling Materials includes supplies/tools/equipment for painting and wallpapering, plumbing supplies and equipment, electrical/heating/AC supplies, materials for roofing/gutters, materials for plaster/panel/siding, materials for patio/fence/brick work, landscaping materials, and insulation materials for owned homes. (13) Household Textiles includes bathroom linens, bedroom linens, kitchen linens, dining room linens, other linens, curtains, draperies, slipcovers and decorative pillows. (14) Major Appliances includes dishwashers, disposals, refrigerators, freezers, washers, dryers, stoves, ovens, microwaves, window air conditioners, electric floor cleaning equipment, sewing machines, and miscellaneous appliances. (15) Housewares includes flatware, dishes, cups glasses, serving pieces, nonelectric cookware, and tableware. (16) Lawn and Garden includes lawn and garden supplies, equipment and care service, indoor plants, fresh flowers, and repair/rental of lawn and garden equipment. (17) Housekeeping Supplies includes soaps and laundry detergents, cleaning products, toilet tissue, paper towels, napkins, paper/plastic/foil products, stationery, giftwrap supplies, postage, and delivery services. (18) Personal Care Products includes hair care products, nonelectric articles for hair, wigs, hairpieces, oral hygiene products, shaving needs, perfume, cosmetics, skincare, bath products, nail products, deodorant, feminine hygiene products, adult diapers, other miscellaneous care products and personal care appliances. (19) School Books and Supplies includes school books and supplies for college, elementary school, high school, vocational/technical school, preschool and other schools. Data Note: The Consumer Spending data is household-based and represents the amount spent for a product or service by all households in an area. Detail may not sum to totals due to rounding. This report is not a comprehensive list of all consumer spending variables therefore the variables in each section may not sum to totals. Source: Esri forecasts for 2021 and 2026; Consumer Spending data are derived from the 2018 and 2019 Consumer Expenditure Surveys, Bureau of Labor Statistics. September 30, 2021 ©2021 Esri Page 3 of 3