1550 - Retail sales are a function of market characteristics (Jones, 1990), and important characteristics include customers' income, location, demographics and lifestyle (the latter two are often combined into the term "psychographics"). Explain the role of ea

Retail sales are a function of market characteristics (Jones, 1990), and important characteristics include customers' income, location, demographics and lifestyle (the latter two are often combined into the term "psychographics"). Explain the role of each of these characteristics plays when a retailer considers a location.

Topics

  • [DA-038] GIS&T and Retail Business

    Where should a retail business occur or locate within a region?  What would that trade area look like?  Should a retail expansion occur and how would that affect sales of other nearby existing locations?  Would a new retail location have the right demographic or socio-economic customer base to be profitable?  These are important questions for retailers to consider.  Within the evolving landscape of GIS, there is more geospatial data than ever before about the potential customer.  In retail, the application of maps and mapping technology is growing to include commercial real estate, logistics, and marketing to name a few.  There has been an increased momentum across commercial applications for geospatial technologies delivered in an easy to comprehend format for a variety of end users.