retail

Retail

Market Area Snapshot (2013)

Retail Market Area

 

 

Population

Retail Trade Graphic        

92,460 persons and 39,416 households

Income

Modest incomes with median of $33,000

14% with incomes above $75,000

Age

Median age of 45 years

38% of population age 25 to 54

Employees

8,500 employees and 1,000 businesses in 2-mile radius

Visitors

830,000 annual visitors to Henry County

Top attractions include Martinsville Speedway and Oktoberfest in UpTown Martinsville


 

Market Area Retail Sales Leakage

Market Area Retail Potential
Market Area Retail Sales Leakage Source: ESRI, BIS, Urban Land Institute, Marketek, Inc. - 2013
  • Potential support for 462,000 square feet of additional retail space based on market area sales leakage

Top Retail Categories

  • Women's casual apparel
  • Children's apparel
  • Prescriptions & nonprescription drugs
  • Lawn & garden
  • Limited service dining
  • Sporting goods
  • Pets
  • Gifts
  • Furniture
  • Appliances
  • Eye care