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CITY OF LOCKHART Retail Market Analysis December 11, 2008 Aaron Farmer National Project Director
Lockhart – PRIMARY TRADE AREA MAP / POPULATION Population: 14,433 By Race/Ethnicity (%): White 67.76 Black/Afr. Am. 11.16 Other 21.06 Hispanic Origin 46.62 Median Age: 34.30  Avg HH Income: $52,656 Per Cap. Income $17,770
Lockhart – Primary Trade Area
Lockhart – Secondary/Tertiary Trade Area Population: 18,189 By Race/Ethnicity (%): White 68.99 Black/Afr. Am. 9.49 Other 21.51 Hispanic Origin 44.80 Median Age: 34.68  Avg. HH Income: $54,893 Per Cap. Income $18,457 Population: 36,976 By Race/Ethnicity (%): White 69.56 Black/Afr. Am. 6.89 Other 23.54 Hispanic Origin 44.14 Median Age: 34.58  Avg. HH Income: $54,131 Per Cap. Income $18,644 SECONDARY TRADE AREA  TERTIARY TRADE AREA
[object Object],[object Object],[object Object],[object Object],Growth Projections 2008-2013
Lockhart – Radials and Drive-Times 5 Mile : 15,983 7 Mile : 18,028 10 Mile : 25,751 5 Minute : 10,822 7 Minute : 15,699 10 Minute : 17,087
Lockhart – Traffic Counts ,[object Object]
[object Object],[object Object],[object Object],Retail Leakage “Gap” Analysis $149 million  in potential retail sales in Lockhart’s Primary Trade Area. $79 million  in potential retail sales in Lockhart’s Central Business District. $68 million  leaking out of the Central Business District.
LOCKHART – RETAIL GAP ANALYSIS SUMMARY
LOCKHART – RETAIL GAP ANALYSIS SUMMARY (CONTINUED)
LOCKHART – CBD RETAIL GAP ANALYSIS SUMMARY
LOCKHART – CBD RETAIL GAP ANALYSIS SUMMARY (CONTINUED)
Psychographics Defined
[object Object],Psychographics ,[object Object],[object Object],[object Object]
LOCKHART – PSYCHOGRAPHIC PROFILE
PSYCHOGRAPHICS – Top Lifestyle Segments of Lockhart Trade Area 32 New Homesteaders Upper-Mid, Younger w/ Kids Young, upper-middle-class families seeking to escape suburban sprawl find refuge in New Homesteaders, a collection of small rustic townships filled with new ranches and Cape Cods. With decent-paying jobs in blue-collar industries, these dual-income couples have fashioned comfortable, child-centered lifestyles; their driveways are filled with campers and powerboats, their family rooms with PlayStations and Game Boys. 2007 Statistics: US Households : 2,327,025 (2.05%) Median HH Income : $57,023  Lifestyle Traits Go to Chuck E. Cheese Buy videos online 4-Wheel and Off-Road magazines Nickelodeon TV Kia Sedona Demographics Traits: Urbanicity : Town/Rural Income : Lower-Mid Income Producing Assets : Low Age Ranges : Age <55 Presence of Kids : HH w/o Kids Homeownership : Renters Employment Levels : WC, Service, Mix Education Levels : High School Grad Ethnic Diversity : White, Black, Mix
PSYCHOGRAPHICS – Top Lifestyle Segments of Lockhart Trade Area 48 Young & Rustic Lower-Mid, Middle Age w/o Kids Young & Rustic is composed of middle age, restless singles. These folks tend to be lower-middle-income, high school-educated, and live in tiny apartments in the nation’s exurban towns. With their service industry jobs and modest incomes, these folks still try to fashion fast-paced lifestyles centered on sports, cars, and dating. 2007 Statistics: US Households : 2,281,989 (2.01%) Median HH Income : $32,607  Lifestyle Traits Go to auto races Drew Carey Show in syndication King of the Hill in syndication WWE Wrestling TV Dodge Neon Demographics Traits: Urbanicity : Town/Rural Income : Lower-Mid Income Producing Assets : Low Age Ranges : Age <55 Presence of Kids : HH w/o Kids Homeownership : Renters Employment Levels : WC, Service, Mix Education Levels : High School Grad Ethnic Diversity : White, Black, Mix
PSYCHOGRAPHICS – Top Lifestyle Segments of Lockhart Trade Area 50 Kid Country, USA Lower-Mid, Younger w/ Kids Widely scattered throughout the nation’s heartland, Kid Country, USA is a segment dominated by large families living in small towns. Predominantly white, with an above-average concentration of Hispanics, these young, working-class households include homeowners, renters, and military personnel living in base housing; about 20 percent of residents own mobile homes 2007 Statistics: US Households : 1,529,683 (1.35%) Median HH Income : $42,353  Lifestyle Traits Buy kids’ bicycles Buy swingsets Baby Talk magazine Toon Disney channel Mazda Pickup Buying Habits: Buy Children’s Cold Medicine,1mo (H) * 299 Buy Baby Furniture/Equipment,6mo (H) 284 Buy Children’s Athletic Shoes,6mo (H) * 284 Buy Children’s Clothes,6mos (H) 260 Buy Children’s Bicycles,1yr (A) 208
Buying Habits Has Medicare/Medicaid (A) 245 Grocery Shopping,<$60,1wk (H) 191 Use Kelloggs Corn Flakes,1wk (H) * 144 Belong to a Veterans Club (A) 142 Use Spam,1mo (H) * 139 Order from Publishers Clearing House,1yr (A) 129Do Bird Watching,1yr (A) 124 Coupon User,0-3 Times,3mo (H)  PSYCHOGRAPHICS – Top Lifestyle Segments of Lockhart Trade Area 57 Old Milltowns Downscale, Mature Mostly w/o Kids America’s once-thriving mining and manufacturing towns have aged--as have the residents in Old Milltowns communities. Today, the majority of residents are retired singles and couples, living on downscale incomes in pre-1960 homes and apartments. For leisure, they enjoy gardening, sewing, socializing at veterans clubs, or eating out at casual restaurants. 2007 Statistics: US Households : 1,699,060 (1.49%) Median HH Income : $30,680  Lifestyle Traits Watch soap operas Eat at casual/buffet restaurant Hallmark channel CBS Evening News TV Chevy Cobalt
Strengthening Your Business   in Today’s Economy
75% of all retail merchandise transactions take place between  4pm and 11pm  and on  weekends .
Provide Exceptional Customer Service ,[object Object],[object Object],[object Object],[object Object]
Are You Targeting  Your  Customers? ,[object Object],[object Object],[object Object]
Be Seen. Participate in City Events.
Look to The Internet. The  National Retail Association  is forecasting $204 billion in retail sales over the Internet in 2008, while the rest of the retail industry expects sluggish growth.
Find Similar Businesses That our Being Successful. ,[object Object],[object Object],[object Object]
Don’t take the kids for granted. ,[object Object],[object Object],[object Object],[object Object],[object Object]
Thank you… CITY OF Lockhart The Retail Coach, LLC P. O. Box 7272 Tupelo, MS 38802 662.844.2155 tel 662.844.2738 fax [email_address] www.theretailcoach.net

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87 1 2lockhart Small Business Presentationbrep12.08

  • 1. CITY OF LOCKHART Retail Market Analysis December 11, 2008 Aaron Farmer National Project Director
  • 2. Lockhart – PRIMARY TRADE AREA MAP / POPULATION Population: 14,433 By Race/Ethnicity (%): White 67.76 Black/Afr. Am. 11.16 Other 21.06 Hispanic Origin 46.62 Median Age: 34.30 Avg HH Income: $52,656 Per Cap. Income $17,770
  • 3. Lockhart – Primary Trade Area
  • 4. Lockhart – Secondary/Tertiary Trade Area Population: 18,189 By Race/Ethnicity (%): White 68.99 Black/Afr. Am. 9.49 Other 21.51 Hispanic Origin 44.80 Median Age: 34.68 Avg. HH Income: $54,893 Per Cap. Income $18,457 Population: 36,976 By Race/Ethnicity (%): White 69.56 Black/Afr. Am. 6.89 Other 23.54 Hispanic Origin 44.14 Median Age: 34.58 Avg. HH Income: $54,131 Per Cap. Income $18,644 SECONDARY TRADE AREA TERTIARY TRADE AREA
  • 5.
  • 6. Lockhart – Radials and Drive-Times 5 Mile : 15,983 7 Mile : 18,028 10 Mile : 25,751 5 Minute : 10,822 7 Minute : 15,699 10 Minute : 17,087
  • 7.
  • 8.
  • 9. LOCKHART – RETAIL GAP ANALYSIS SUMMARY
  • 10. LOCKHART – RETAIL GAP ANALYSIS SUMMARY (CONTINUED)
  • 11. LOCKHART – CBD RETAIL GAP ANALYSIS SUMMARY
  • 12. LOCKHART – CBD RETAIL GAP ANALYSIS SUMMARY (CONTINUED)
  • 14.
  • 16. PSYCHOGRAPHICS – Top Lifestyle Segments of Lockhart Trade Area 32 New Homesteaders Upper-Mid, Younger w/ Kids Young, upper-middle-class families seeking to escape suburban sprawl find refuge in New Homesteaders, a collection of small rustic townships filled with new ranches and Cape Cods. With decent-paying jobs in blue-collar industries, these dual-income couples have fashioned comfortable, child-centered lifestyles; their driveways are filled with campers and powerboats, their family rooms with PlayStations and Game Boys. 2007 Statistics: US Households : 2,327,025 (2.05%) Median HH Income : $57,023 Lifestyle Traits Go to Chuck E. Cheese Buy videos online 4-Wheel and Off-Road magazines Nickelodeon TV Kia Sedona Demographics Traits: Urbanicity : Town/Rural Income : Lower-Mid Income Producing Assets : Low Age Ranges : Age <55 Presence of Kids : HH w/o Kids Homeownership : Renters Employment Levels : WC, Service, Mix Education Levels : High School Grad Ethnic Diversity : White, Black, Mix
  • 17. PSYCHOGRAPHICS – Top Lifestyle Segments of Lockhart Trade Area 48 Young & Rustic Lower-Mid, Middle Age w/o Kids Young & Rustic is composed of middle age, restless singles. These folks tend to be lower-middle-income, high school-educated, and live in tiny apartments in the nation’s exurban towns. With their service industry jobs and modest incomes, these folks still try to fashion fast-paced lifestyles centered on sports, cars, and dating. 2007 Statistics: US Households : 2,281,989 (2.01%) Median HH Income : $32,607 Lifestyle Traits Go to auto races Drew Carey Show in syndication King of the Hill in syndication WWE Wrestling TV Dodge Neon Demographics Traits: Urbanicity : Town/Rural Income : Lower-Mid Income Producing Assets : Low Age Ranges : Age <55 Presence of Kids : HH w/o Kids Homeownership : Renters Employment Levels : WC, Service, Mix Education Levels : High School Grad Ethnic Diversity : White, Black, Mix
  • 18. PSYCHOGRAPHICS – Top Lifestyle Segments of Lockhart Trade Area 50 Kid Country, USA Lower-Mid, Younger w/ Kids Widely scattered throughout the nation’s heartland, Kid Country, USA is a segment dominated by large families living in small towns. Predominantly white, with an above-average concentration of Hispanics, these young, working-class households include homeowners, renters, and military personnel living in base housing; about 20 percent of residents own mobile homes 2007 Statistics: US Households : 1,529,683 (1.35%) Median HH Income : $42,353 Lifestyle Traits Buy kids’ bicycles Buy swingsets Baby Talk magazine Toon Disney channel Mazda Pickup Buying Habits: Buy Children’s Cold Medicine,1mo (H) * 299 Buy Baby Furniture/Equipment,6mo (H) 284 Buy Children’s Athletic Shoes,6mo (H) * 284 Buy Children’s Clothes,6mos (H) 260 Buy Children’s Bicycles,1yr (A) 208
  • 19. Buying Habits Has Medicare/Medicaid (A) 245 Grocery Shopping,<$60,1wk (H) 191 Use Kelloggs Corn Flakes,1wk (H) * 144 Belong to a Veterans Club (A) 142 Use Spam,1mo (H) * 139 Order from Publishers Clearing House,1yr (A) 129Do Bird Watching,1yr (A) 124 Coupon User,0-3 Times,3mo (H) PSYCHOGRAPHICS – Top Lifestyle Segments of Lockhart Trade Area 57 Old Milltowns Downscale, Mature Mostly w/o Kids America’s once-thriving mining and manufacturing towns have aged--as have the residents in Old Milltowns communities. Today, the majority of residents are retired singles and couples, living on downscale incomes in pre-1960 homes and apartments. For leisure, they enjoy gardening, sewing, socializing at veterans clubs, or eating out at casual restaurants. 2007 Statistics: US Households : 1,699,060 (1.49%) Median HH Income : $30,680 Lifestyle Traits Watch soap operas Eat at casual/buffet restaurant Hallmark channel CBS Evening News TV Chevy Cobalt
  • 20. Strengthening Your Business in Today’s Economy
  • 21. 75% of all retail merchandise transactions take place between 4pm and 11pm and on weekends .
  • 22.
  • 23.
  • 24. Be Seen. Participate in City Events.
  • 25. Look to The Internet. The National Retail Association is forecasting $204 billion in retail sales over the Internet in 2008, while the rest of the retail industry expects sluggish growth.
  • 26.
  • 27.
  • 28. Thank you… CITY OF Lockhart The Retail Coach, LLC P. O. Box 7272 Tupelo, MS 38802 662.844.2155 tel 662.844.2738 fax [email_address] www.theretailcoach.net