Yoakum EDC Studies Retail Gap Analysis
Friday, June 02, 2017
The former president of an East Texas grocery chain once explained how his company chose new store locations.
"We looked at the population sign, then we drove around until we found a nice site," he told me. Sometimes it worked out, sometimes not.
Today there are economic development tools that help increase the chances of success for new business ventures. A retail gap analysis shows where opportunities exist for new retail business development. It compares what a resident population spends versus what local businesses sell. The difference is the gap. READ MORE...