Trade Area Supply and Demand Characteristics

Figure 6: The Buckeye Retail Trade Areas

2 Miles

4 Miles

Source: Google, Environics Analytics, Urban Partners

Trade Area Supply and Demand Characteristics In this section, we compare the current supply and demand for all retail goods and services by residents of the Buckeye Neighborhood Retail Trade Area, as well as the 2- and 4-Mile Trade Areas. To determine the trade areas’ supply and demand, we acquired information about the retail spending behavior of market study area residents from Environics Analytics, which acquires its data from the Nielsen Company—one of the national data services typically used by retail store location and real estate professionals. Table 21 outlines the supply and demand characteristics of the trade areas examined.

Table 21: Trade Area Retail Supply and Demand Characteristics

Buckeye Neighborhood Retail Trade Area Buckeye 2-Mile Radius Buckeye 4-Mile Radius 2021 Demand 2021 Supply Opportunity 2021 Demand 2021 Supply Opportunity 2021 Demand 2021 Supply Opportunity (Consumer (Retail Gap/ (Consumer (Retail Gap/ (Consumer (Retail Gap/ Expenditures) Sales) Surplus Expenditures) Sales) Surplus Expenditures) Sales) Surplus

Total Retail Sales

Motor Vehicle and Parts Dealers-441 223,650,066 228,213,430 (4,563,364) 686,968,891 438,458,929 248,509,963 2,386,350,938 2,217,407,727 168,943,211

6,471,372 3,155,866 3,315,506 19,079,949 4,213,260 14,866,689 67,143,860 46,876,172 20,267,688

Automotive Parts/Accsrs, Tire Stores-4413 Furniture and Home Furnishings Stores-442

Furniture Stores-4421 6,471,372 3,155,866 3,315,507 19,079,949 4,213,260 14,866,689 67,143,860 46,876,172 20,267,689

6,107,942 1,371,928 4,736,014 20,703,160 2,540,088 18,163,072 71,845,566 31,092,834 40,752,732

2,985,183 55,723 2,929,461 10,168,036 186,060 9,981,976 35,047,997 15,418,619 19,629,378

Home furnishings stores - 4422

Floor covering stores - 44221

Other home furnishings stores - 44229 Electronics and Appliance Stores-443 Household Appliances Stores-443141 Electronics Stores-443142

Building Material, Garden Equip Stores -444

Building Material and Supply Dealers-4441 Home Centers-44411 3,122,759 1,316,205 1,806,554 10,535,124 2,354,028 8,181,096 36,797,569 15,674,215 21,123,354

1,489,955 218,700 1,271,255 5,209,723 660,043 4,549,681 18,385,350 4,975,325 13,410,025

1,632,804 1,097,505 535,299 5,325,401 1,693,985 3,631,416 18,412,219 10,698,890 7,713,329

4,584,027 1,950,000 2,634,027 14,165,154 381,474 13,783,680 49,231,912 15,414,642 33,817,270

900,927 0 900,927 2,773,155 0 2,773,155 9,678,674 2,101,412 7,577,262

3,683,100 1,950,000 1,733,100 11,391,999 381,474 11,010,526 39,553,238 13,313,230 26,240,007

20,969,397 5,649,736 15,319,661 65,229,809 14,000,375 51,229,434 229,324,315 122,781,021 106,543,294

18,461,530 3,777,736 14,683,794 57,214,873 14,000,375 43,214,498 201,088,982 120,232,579 80,856,403

10,120,022 2,192,360 7,927,662 31,526,336 8,076,188 23,450,147 110,777,836 77,377,946 33,399,890

Paint and Wallpaper Stores-44412 Hardware Stores-44413 651,148 0 651,148 2,030,007 0 2,030,007 7,134,417 0 7,134,417

1,617,990 1,500,000 1,617,990 5,023,405 136,653 4,886,752 17,617,623 5,669,620 11,948,003

Other Building Materials Dealers-44419 6,072,370 85,376 5,986,995 18,635,125 5,787,534 12,847,591 65,559,106 37,185,013 28,374,093 Lawn, Garden Equipment, Supplies Stores-4442 2,507,867 1,872,000 635,867 8,014,936 0 8,014,936 28,235,333 2,548,442 25,686,891 Outdoor Power Equipment Stores-44421 488,539 0 488,539 1,577,165 0 1,577,165 5,571,918 0 5,571,918 Nursery and Garden Centers-44422 2,019,328 1,872,000 147,328 6,437,771 N/A 6,437,771 22,663,415 2,548,442 20,114,973 Food and Beverage Stores-445 62,587,320 95,831,133 (33,243,813) 182,453,401 187,935,278 (5,481,876) 633,150,978 819,622,695 (186,471,717) Grocery Stores-4451 57,929,291 92,882,332 (34,953,041) 167,965,933 185,700,198 (17,734,264) 583,116,255 784,835,756 (201,719,501) Supermarkets, Grocery (Ex Conv) Stores-44511 44,678,918 85,929,785 (41,250,868) 130,373,202 158,951,021 (28,577,819) 453,555,673 664,586,756 (211,031,082) Convenience Stores-44512 13,250,373 6,952,547 6,297,826 37,592,731 26,749,177 10,843,555 129,560,582 120,249,000 9,311,582 Specialty Food Stores-4452 1,291,629 1,125,000 166,629 3,747,535 0 3,747,535 13,038,564 14,680,507 (1,641,943) Meat Markets-44521 393,231 0 393,231 1,139,316 0 1,139,316 3,963,575 4,702,713 (739,138) Fish and Seafood Markets-44522 153,427 0 153,427 444,910 0 444,910 1,547,859 0 1,547,859 Fruit and Vegetable Markets -44523 267,194 0 267,194 776,454 0 776,454 2,702,440 1,383,122 1,319,318 Other Specialty Food Stores-44529 477,777 1,125,000 (647,223) 1,386,855 N/A 1,386,855 4,824,690 8,594,672 (3,769,982) Beer, Wine and Liquor Stores-4453 3,366,400 1,823,801 1,542,600 10,739,933 2,235,080 8,504,853 36,996,159 20,106,432 16,889,727

Health and Personal Care Stores-446 22,866,358 15,283,244 7,583,114 66,999,068 41,304,645 25,694,423 234,594,036 231,172,571 3,421,465

Pharmacies and Drug Stores-44611 19,597,441 14,707,809 4,889,632 57,277,557 40,524,630 16,752,927 200,495,000 214,715,488 (14,220,488) Cosmetics, Beauty Supplies, Perfume Stores-44612 1,470,930 575,435 895,494 4,320,745 575,418 3,745,327 15,157,580 13,862,834 1,294,746 Optical Goods Stores-44613 636,218 0 636,218 1,990,457 0 1,990,457 6,982,896 340,976 6,641,921 Other Health and Personal Care Stores-44619 1,161,769 0 1,161,769 3,410,309 204,597 3,205,712 11,958,560 2,253,273 9,705,287 Clothing and Clothing Accessories Stores-448 11,298,104 6,370,093 4,928,011 35,958,172 12,986,481 22,971,691 123,740,308 86,788,886 36,951,422 Clothing Stores-4481 8,001,642 6,189,474 1,812,168 25,445,547 12,805,862 12,639,685 87,552,012 65,536,456 22,015,556 Men's Clothing Stores-44811 322,257 141,497 180,760 1,032,969 1,150,136 (117,167) 3,498,810 5,343,087 (1,844,278) Women's Clothing Stores-44812 1,590,096 2,500,890 (910,794) 5,070,057 3,587,342 1,482,715 17,386,750 20,136,818 (2,750,068) Children's, Infants Clothing Stores-44813 241,834 113,330 128,503 737,610 113,330 624,279 2,669,758 1,481,956 1,187,802 Family Clothing Stores-44814 4,882,598 1,580,630 3,301,968 15,502,577 5,598,807 9,903,770 53,378,257 29,866,840 23,511,416 Clothing Accessories Stores-44815 316,697 783,359 (466,662) 1,026,850 1,026,168 682 3,505,941 2,945,890 560,051 Other Clothing Stores-44819 648,160 1,069,768 (421,608) 2,075,484 1,330,079 745,404 7,112,496 5,761,865 1,350,631 Shoe Stores-4482 1,890,191 180,619 1,709,572 5,779,250 180,619 5,598,631 20,024,825 15,667,151 4,357,675 Jewelry, Luggage, Leather Goods Stores-4483 1,406,271 0 1,406,271 4,733,375 0 4,733,375 16,163,471 5,585,279 10,578,192 Jewelry Stores-44831 1,234,608 0 1,234,608 4,192,982 0 4,192,982 14,312,644 5,028,213 9,284,431 Luggage and Leather Goods Stores-44832 171,663 0 171,663 540,393 0 540,393 1,850,827 557,066 1,293,761 Sporting Goods, Hobby, Book, Music Stores-451 4,138,308 1,351,548 2,786,760 13,326,328 5,710,924 7,615,404 46,098,868 19,717,522 26,381,346 Sporting Goods, Hobby, Musical Inst Stores-4511 3,717,010 1,101,548 2,615,462 12,000,344 4,910,924 7,089,420 41,621,881 19,561,880 22,060,001 Sporting Goods Stores-45111 2,434,231 294,148 2,140,083 8,054,720 1,163,227 6,891,492 27,794,918 9,146,211 18,648,706 Hobby, Toys and Games Stores-45112 829,786 0 829,786 2,627,306 206,932 2,420,374 9,210,832 4,608,778 4,602,054 Sew/Needlework/Piece Goods Stores-45113 176,109 807,400 (631,290) 538,986 1,740,357 (1,201,371) 1,906,060 2,872,782 (966,723) Musical Instrument and Supplies Stores-45114 276,884 0 276,884 779,332 1,800,408 (1,021,076) 2,710,071 2,934,109 (224,038) Book, Periodical and Music Stores-4512 421,298 250,000 171,298 1,325,984 800,000 525,984 4,476,987 155,642 4,321,345 Book Stores-451211 N/A 250,000 N/A N/A N/A N/A N/A N/A N/A News Dealers and Newsstands-451212 398,324 0 398,324 1,257,823 800,000 1,257,823 4,241,959 155,642 4,086,318 General Merchandise Stores-452 22,974 0 22,974 68,161 0 68,161 235,028 0 235,028 Department Stores Excl Leased Depts-4521 46,097,723 63,904,048 (17,806,325) 136,695,516 64,716,536 71,978,980 475,172,319 378,931,842 96,240,477 Other General Merchandise Stores-4529 3,045,376 0 3,045,376 9,420,226 0 9,420,226 32,692,419 15,563,287 17,129,133 Warehouse Club and Supercenters-452311 43,052,347 63,904,048 (20,851,701) 127,275,290 64,716,536 62,558,754 442,479,900 363,368,555 2,499,100 All Other General Merchandise Stores-452319 38,685,251 55,904,048 (17,218,796) 114,116,916 64,716,536 49,400,380 396,685,210 363,368,555 33,316,655

Miscellaneous Store Retailers-453 4,857,545 4,162,084 695,461 23,164,489 12,648,455 10,516,034 79,964,299 49,115,571 30,848,728

Florists-4531 267,491 194,026 73,465 868,261 1,010,830 (142,569) 3,064,054 4,198,979 (1,134,924)

Office Supplies, Stationery, Gift Stores-4532 1,382,519 0 1,382,519 4,443,643 2,260,887 2,182,756 15,405,855 10,212,616 5,193,239 Office Supplies and Stationery Stores-45321 538,056 0 538,056 1,757,732 315,371 1,442,360 6,080,863 3,913,313 2,167,549 Gift, Novelty and Souvenir Stores-45322 844,463 0 844,463 2,685,911 1,945,516 740,395 9,324,992 6,299,303 3,025,690

Used Merchandise Stores-4533 954,072 2,289,608 (1,335,536) 3,043,021 3,938,675 (895,654) 10,473,390 10,690,661 (217,272)

Other Miscellaneous Store Retailers-4539 2,253,463 1,678,450 575,013 14,809,564 5,438,063 9,371,501 51,021,000 24,013,315 27,007,685 Pet and Pet Supply Stores-45391 1,708,695 415,921 1,292,774 5,001,557 1,260,783 3,740,774 17,323,806 9,579,318 7,744,488 Art Dealers-45392 544,768 254,781 289,987 1,839,621 1,277,878 561,743 6,293,717 2,940,620 3,353,096 All Other Miscellaneous Stores-45399 0 1,007,748 (1,007,748) 7,968,386 2,899,402 5,068,984 27,403,477 11,493,377 15,910,100

Foodservice and Drinking Places-722 33,671,970 29,183,750 4,488,220 109,193,845 92,021,413 17,172,432 376,084,477 415,893,971 (39,809,494)

Drinking Places -Alcoholic Beverages-7224 1,136,391 0 1,136,391 4,029,936 0 4,029,936 13,787,921 6,100,226 7,687,695

Full-Service Restaurants-722511 15,712,833 16,457,812 (744,979) 51,314,886 47,419,157 3,895,729 176,650,055 207,717,559 (31,067,504)

Limited-Service Eating Places-722513 14,260,008 11,675,938 2,584,070 45,669,299 34,771,993 10,897,306 157,439,813 179,416,161 (21,976,348)

Cafeterias, Grill-Buffets, and Buffets-722514 362,929 0 362,929 1,162,611 0 1,162,611 4,007,916 0 4,007,916

Snack and Nonalcoholic Beverage Bars-722515 2,199,809 1,050,000 1,149,809 7,017,113 9,830,263 (2,813,150) 24,198,772 22,660,025 1,538,747 Source: Environics Analytics, Urban Partners

According to this information from Environics Analytics in Table 20 about the retail spending behavior of market study area residents, stores within the Buckeye Neighborhood Retail Trade Area sell more than $228 million worth of retail goods annually, while the trade area's population spends approximately $224 million on retail goods annually. This retail spending includes: • $62.6 million in Food and Beverage Stores, • $46.1 million in General Merchandise Stores, • $33.7 million in Eating and Drinking Establishments, • $22.9 million in Health and Personal Care Stores, • $21.0 million in Building Material and Garden Stores, • $11.3 million in Clothing and Accessories Stores, • $6.5 million in Auto Parts Stores, • $6.1 million in Furniture and Home Furnishings Stores, • $4.9 million in Miscellaneous Store Retailers, • $4.6 million in Electronics and Appliance Stores, and • $4.1 million in Sporting Goods, Hobby, and Book Stores.

By comparison, stores within the 2-Mile Radius trade area sell more than $438 million worth of retail goods annually, while that trade area's population spends approximately $687 million on retail goods annually. This retail spending includes: • $182.5 million in Food and Beverage Stores, • $137.0 million in General Merchandise Stores, • $109.2 million in Eating and Drinking Establishments, • $67.0 million in Health and Personal Care Stores, • $65.2 million in Building Material and Garden Stores, • $36.0 million in Clothing and Accessories Stores, • $23.2 million in Miscellaneous Store Retailers, • $20.7 million in Furniture and Home Furnishings Stores, • $19.1 million in Auto Parts Stores, • $14.2 million in Electronics and Appliance Stores, and • $13.3 million in Sporting Goods, Hobby, and Book Stores.

Finally, stores within the 4-Mile Radius trade area sell more than $2.2 billion worth of retail goods annually, while that trade area's population spends approximately $2.4 billion on retail goods annually. This retail spending includes: • $633.2million in Food and Beverage Stores, • $475.2 million in General Merchandise Stores, • $376.1 million in Eating and Drinking Establishments, • $234.6 million in Health and Personal Care Stores, • $229.3 million in Building Material and Garden Stores,