Prepared by the Oklahoma Cooperative Extension Service Photos from .

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Retail Trade Analysis for Shawnee, OK, 1980-2010 Prepared by the Oklahoma Cooperative Extension Service Photos from www.visitshawnee.com

Transcript of Prepared by the Oklahoma Cooperative Extension Service Photos from .

Page 1: Prepared by the Oklahoma Cooperative Extension Service Photos from .

Retail Trade Analysis for Shawnee, OK, 1980-2010

Prepared by the Oklahoma Cooperative Extension Service

Photos from www.visitshawnee.com

Page 2: Prepared by the Oklahoma Cooperative Extension Service Photos from .

Population for Shawnee, OK1980-2010

1980

1982

1984

1986

1988

1990

1992

1994

1996

1998

2000

2002

2004

2006

2008

2010

23,000

24,000

25,000

26,000

27,000

28,000

29,000

30,000

31,000

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Sales Tax Collectionsfor Shawnee, OK, 1980-2010

$0

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

$14,000,000

$16,000,000

$18,000,000

2.0%-3.0%

Page 4: Prepared by the Oklahoma Cooperative Extension Service Photos from .

Estimated Taxable Salesfor Shawnee, OK, 1980-2010

1980

1982

1984

1986

1988

1990

1992

1994

1996

1998

2000

2002

2004

2006

2008

2010

$0

$100,000,000

$200,000,000

$300,000,000

$400,000,000

$500,000,000

$600,000,000

Actual Inflation-Adjusted

Page 5: Prepared by the Oklahoma Cooperative Extension Service Photos from .

What isTrade Area Capture?

Trade Area Capture estimates the number people that shop in your town annually.

TAC is estimated from your town’s estimated taxable sales figures obtained from the Oklahoma Tax Commission.

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Trade Area Capture for Shawnee, OK 1980-2010

1980

1982

1984

1986

1988

1990

1992

1994

1996

1998

2000

2002

2004

2006

2008

2010

0

10,000

20,000

30,000

40,000

50,000

60,000

Page 7: Prepared by the Oklahoma Cooperative Extension Service Photos from .

What is a Pull Factor?

A Pull Factor is an index calculated so that trade areas can be compared across different cities and towns.

A Pull Factor is the town’s Trade Area Capture Divided by the town’s Population.

A PF > 1.0 implies that a town is drawing in shoppers over and above its own population.

A PF < 1.0 implies that a town is not capturing the retail dollars of its own residents.

Page 8: Prepared by the Oklahoma Cooperative Extension Service Photos from .

Pull Factors forShawnee, OK, 1980-2010

0.000

0.500

1.000

1.500

2.000

2.500

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Pull Factors for Cities and Townsin Pottawatomie County, 1980-2010

0.000

0.500

1.000

1.500

2.000

2.500

Shawnee Asher Earlsboro Maud McLoud Pink Tecumseh

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Pull Factors By Average City Size

1980

1982

1984

1986

1988

1990

1992

1994

1996

1998

2000

2002

2004

2006

2008

2010

0

0.2

0.4

0.6

0.8

1

1.2

1.4

1.6

Less 1,000 1,000-5,000 5,000-10,00010,000-25,000 25,000-50,000 Grtr 50,000

Page 11: Prepared by the Oklahoma Cooperative Extension Service Photos from .

Pull Factors for Shawnee & for Cities with Population 25,000-50,000

0.000

0.500

1.000

1.500

2.000

2.500

Shawnee 25,000-50,000

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Sales gap coefficients are interpreted in exactly the same way as pull factors.

The only difference is that 8 distinct retail categories are analyzed--based on SIC codes.

Sales Gap Analysis

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SIC Codes for Gap Analysis

SIC Code Title

52 Building Materials (Lumberyards, Nurseries, Hardware stores)

53 General Merchandise Stores (Variety stores, Department stores)

54 Food Stores

55 Automotive Dealers and Gasoline Service Stations

56 Apparel and Accessory Stores

57 Furniture and Home Furnishing Stores

58 Eating and Drinking Places

59 Miscellaneous Retail (Drug Stores, Antiques, Jewelry, Sewing/Piece Goods, Florists, Optical Goods, Pet Supplies)

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Gap Analysis for Shawnee: 2005-2010

52-Bldg 53-Gen 54-Food 55-Auto 56-Cloth 57-Furn 58-Rest 59-Misc0

0.5

1

1.5

2

2.5

3

2.4

2.8

1.1

2.1

2.9

1.7

2.2

1.6

2005 2006 2007 2008 2009 2010

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Gap Coefficients for Shawnee FY 2010

Retail Sector ShawneeGap

Building, Gardening & Merchandise (52) 2.364

General Merchandise (53) 2.797

Food Stores (54) 1.054

Automobile Dealers & Gas Stations (55) 2.053

Apparel & Accessory Stores (56) 2.915

Furniture & Home Furnishings (57) 1.724

Eating & Drinking Places (58) 2.248

Miscellaneous Retail (59) 1.613

Page 16: Prepared by the Oklahoma Cooperative Extension Service Photos from .

Questions?