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Location Analysis of Lifestyle Centers: Uncovering Patterns and Potential Driving Factors behind Site SelectionSorenson, Matthew R 08 1900 (has links)
The shopping center has held an important place in the American economy for decades. However, the concept has seen multiple revolution in terms of format. The most recent shopping center concept to gain rapid popularity is the lifestyle center – an outdoor shopping mall made to resemble a pleasant main street setting, with a tenant mix emphasizing dining and entertainment. In other words, the lifestyle center concept is geared toward selling consumers things to do, versus things to buy. This thesis studies the geography of lifestyle centers in the United States in both the large-scale and small-scale view. Results show that lifestyle centers are concentrated into larger urban areas, often with a population of over 1 million. An analysis of spatial agglomeration revealed that lifestyle centers are often several miles away from the nearest traditional mall, indicating that developers do not feel the need to build near established shopping districts where traditional malls lie. Finally, results concerning trade area characteristics show the characteristics of consumers in areas where lifestyle centers have been built. Findings in this study indicate that developers are utilizing a unique approach when selecting sites for lifestyle centers compared to traditional indoor malls.
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The Geography of Partial-Market Exits: Applying Geospatial and Econometric Methods to Analyze 2017 Department Store Closures in the United StatesReed, Connor 05 1900 (has links)
Many factors have prompted the adoption of partial-market exit strategies in retail as a means of reducing cost and minimizing risk. These mass closures have become more frequent in recent years. Marketers and economists have offered explanations for these closures linked to the rise of e-commerce, the real estate cycle and general changes in consumer taste. The research here marks an attempt to apply geospatial and econometric methods to better understand what factors explain the spatial variation of these closures across the United States. Specifically, the analysis examines the store networks of Sears, J.C. Penney and Macy's- large, established department stores that, collectively, announced over 100 closures at the beginning of 2017. By treating each store as a unit of observation, and a closure as a limited dependent variable, this analysis will attempt to quantify the relationship between place-specific factors and retail closures using Probit modeling. This application of modeling marks a deviation from traditional analyses in retail geography which, up until the early 2000s, have focused almost entirely on store development and growth. The results reveal patterns of spatial clustering of closures in and around the Rust Belt and demonstrate the strong negative effect of competitive agglomeration on the probability of closure.
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An Empirical Mega-Analysis of Retail Locations: Value Platforms, Real-Estate Maturity, and Deployment DecisionsJanuary 2013 (has links)
abstract: The objective of this dissertation is to empirically analyze the results of the retail location decision making process and how chain networks evolve given their value platform. It employs one of the largest cross-sectional databases of retailers ever assembled, including 50 US retail chains and over 70,000 store locations. Three closely related articles, which develop new theory explaining location deployment and behaviors of retailers, are presented. The first article, "Regionalism in US Retailing," presents a comprehensive spatial analysis of the domestic patterns of retailers. Geographic Information Systems (GIS) and statistics examine the degree to which the chains are deployed regionally versus nationally. Regional bias is found to be associated with store counts, small market deployment, and the location of the founding store, but not the age of the chain. Chains that started in smaller markets deploy more stores in other small markets and vice versa for chains that started in larger markets. The second article, "The Location Types of US Retailers," is an inductive analysis of the types of locations chosen by the retailers. Retail locations are classified into types using cluster analysis on situational and trade area data at the geographical scale of the individual stores. A total of twelve distinct location types were identified. A second cluster analysis groups together the chains with the most similar location profiles. Retailers within the same retail business often chose similar types of locations and were placed in the same clusters. Retailers generally restrict their deployment to one of three overall strategies including metropolitan, large retail areas, or market size variety. The third article, "Modeling Retail Chain Expansion and Maturity through Wave Analysis: Theory and Application to Walmart and Target," presents a theory of retail chain expansion and maturity whereby retailers expand in waves with alternating periods of faster and slower growth. Walmart diffused gradually from Arkansas and Target grew from the coasts inward. They were similar, however, in that after expanding into an area they reached a point of saturation and opened fewer stores, then moved on to other areas, only to revisit the earlier areas for new stores. / Dissertation/Thesis / Ph.D. Geography 2013
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Retail District Evolution: An Exploration of Retail Structure and Diversity, a Case Study in Denton, TexasBova, Joshua Paul 08 1900 (has links)
It is well established that national retail chains impact small, single location retail businesses in terms of revenue generation, retail structure, retail type diversity, and location. This study examines the retail structure and diversity of five retail districts in the City of Denton, Texas. The analysis focuses on one central business district (CBD), one traditional retail strip center (University Drive, also known as US HWY 380), one special retail district (Fry Street District), one traditional enclosed shopping mall and associated development (Golden Triangle Mall), and one power retail center (Denton Crossing). The empirical foundation for the investigation is a historical business database covering years 1997 to 2010, obtained from Info Group's Reference USA. This Reference USA database includes location, industry, and status (single versus chain location) information for each business. Retail diversity and evenness were measured for each of the five retail districts using the Simpson's Diversity Index and the Simpsons Measure of Evenness, leading to specification of the differences that exist in retail structure and diversity among the districts. Golden Triangle Mall and Denton Crossing were primarily chain location in composition while Fry Street District, the CBD, and University Drive were primarily single location in composition. Across all years, the single versus chain status of the local business communities did not substantially change within any of the districts. The Fry Street District exhibited the most change in diversity as well as the lowest overall diversity among the retail districts, followed by University Drive and Golden Triangle Mall. The CBD did not experience any major change in retail type diversity. However, all retail districts experienced major changes in retail evenness. Overall for the city, single location retail businesses accounted for the majority of all the retail businesses, however, chain locations employed more people. In total, these findings indicate that the development of retail districts composed primarily of chain location retailer's affects retail district diversity and evenness but not retail structure.
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