retail industry

U.S. Retail up the Highest in 5 Months

November retail figures have been released, and it’s more promising news for the industry as a whole! Numbers show that Americans flocked to the shops, either gearing up for the holiday season or taking advantage of the incredible sales and savings opportunities.

Whichever the reason, this brings the retail industry a well-deserved boost and pushes retail sales to the highest they’ve been in five months. There was a 0.7 percent gain in November, adding to the consecutive gains from months prior.

Not surprisingly, these are welcomed numbers to the retail community. According to chief U.S. economist at Deutsche Bank Securities Inc. in New York, Joseph LaVorgna, “we’re going in the right direction.” The industry seems to be finally gaining momentum and is picking up at a quick pace. At this new rate, 2014 is set to be a great year for retail – including for the retailers in One Loudoun!

Not only are economists and experts feeling optimistic about the future of retail, but so are the consumers. Confidence rose for the third week in a row, as shoppers felt more secure in their finances. According to Bloomberg, “the Bloomberg Consumer Comfort Index advanced to minus 30.9 in the period ended Dec. 8, the best reading since the first week of October, from minus 31.3.” With rising consumer confidence, we can expect the effects to ripple into spending habits. Economists are predicting that personal spending will top three percent at an annual rate for the first time since the end of 2010. These predictions are based on the 3.6 percent growth in the economy last quarter.

Families are moving into the community at an incredible pace, and with the continued growth of our resident and consumer base, 2014 could be a great year for One Loudoun! There’s no doubt that this might be one of the best times to open a new shop or store location in our development.  Retailers will do extraordinarily well at One Loudoun, and they should act fast – there’s no telling how quickly our commercial retail and office spaces will fill up. Simply put, opening your doors in One Loudoun could prove to be very prosperous for any business!

Source: Bloomberg

Retail Continues to Boost Economy

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The retail industry continues to boost the national economy, adding an incredible 37,600 jobs in October. These new reports, released by the National Retail Federation (NRF), bring promise to industry experts, painting an optimistic outlook for retail throughout this year and next.

 This increase adds up to 295,000 new jobs year over year, or a 2.4 percent jump since 2012. “The latest jobs report, which came in stronger than anticipated, provides some positive indication that the economy and employment situation are steadily improving.  The time couldn’t be better for retailers and consumers, who are busy preparing for the holiday shopping season,” notes Matthew Shay, president and CEO of the NRF. 

 As the retail industry recovers with most of the economy, there’s no doubt it is one of the best times to open or relocate a store in One Loudoun.  Here are a few benefits business owners can reap from opening up shop in our community:

  • Constant customer base: One Loudoun is one of the hottest places to live in Loudoun County and Northern Virginia.  With families moving in at incredible rates, there will be a constant stream of customers to your store. 
  • One Loudoun location: Our mixed-use community is ideally located in the heart of Loudoun County.  Easily accessible from nearly every direction, visitors to One Loudoun will be hitting the new downtown for regular shopping outings.
  • Loudoun County:  Countless reports have set our county apart as one of the most prosperous and well-to-do counties in the entire nation.  As a business owner and retailer, you couldn’t be tucked away in a better local economy.
  • You can work here and live here: A signature of a mixed-use community is having residents live and work within the same development.  What could be better than walking to work everyday?  With multiple homes available, living and working in One Loudoun is more realistic than ever!

On top of providing your business with the ultimate chances to succeed, your addition to the community will contribute to the overall economy. Not to mention, within a few weeks, the holiday shopping season will be in full swing. This is a great chance to settle in One Loudoun before the onset of holiday shoppers!

Source: The National Retail Federation

 

Retail Sales Up in August

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Retail sales were once again up in August, continuing their upward trend we’ve seen during the past summer months. Sales increased by 0.1 percent last month – a small improvement, but a good sign still. Year-over-year, this makes for a 3.9 percent increase.

The retail industry, much like the housing market, can be a huge indicator for how well the economy is recovering. In this case, as the retail industry continues to make improvements, albeit small, it suggests that more people are comfortable with their finances, and spending a little extra money on retail.

It’s no secret that in times of financial crisis, shopping is put on the back burner and reserved for special occasions. But whether it’s on a car, a new pair of jeans, or a flat screen TV for your living room, when consumers start spending more money, it’s clear there is a healthier cash flow in our economy.

In Northern Virginia, consumers are going to look to one place for their shopping needs: One Loudoun, of course! One Loudoun is the most convenient shopping scene in the state and will soon be buzzing with tons of new and trendy shops. Residents and visitors alike will love spending their days shopping and walking around this new hotspot. The Alamo Drafthouse, the newly built homes, and the up-and-coming restaurants already draw so many consumers to the community, and by adding more shops and diversity to our streets, the draw will only grow bigger.

For future retailers, this means that One Loudoun is the best place to open or relocate your store. As more people move into One Loudoun and the economy improves, there will be more customers who want to shop, walk around, and explore the new downtown. And you can bet they’ll visit your store too.

Residents of One Loudoun will be happy to walk to their favorite stores every day, and you’ll be happy to see your customer base growing. Moving into our community is an opportunity of a lifetime and will help solidify your shop as a One Loudoun staple! With how well the economy and retail sector are improving, you wouldn’t want to miss out on this incredible shot at success.

Source: The National Retail Federation

What Can Retail Learn From Restaurants

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It seems odd to think that the retail industry benefits from the restaurant scene.  But, both industries have a lot more in common than what meets the eye. They depend on each other greatly for their success and business by working together to keep consumers engaged and interested.  One Loudoun is a hotspot for both types of merchants, and our location will provide the best possible environment for stores and restaurant to grow.

In fact, there are even a few restaurant practices that could be applied to the retail industry.  Here’s what retailers can learn from their close counterparts:

Employee Training

This might seem like a tactic that’s exclusive to restaurants, but it can benefit shops and boutiques as well.  Restaurant employees are trained to memorize menus, take orders, and politely deal with disruptive customers. Why should retail be any different? Sure, employees might not be taking food orders, but their focus should be the same: Make the customer comfortable and happy.  Training employees how to greet, interact, and close sales with customers will improve overall profit and build a strong reputation.  Training staff to be more efficient also helps storeowners to operate their business smoothly, which can only benefit the store, employees, and shoppers even more.

Focus on Customer Experience

Ultimately, training employees will help to redirect the focus back to the customers.  Many restaurants have completely revamped their image by making customer service their number one priority. Refocusing on the experience of the consumer, rather than just turning a profit, will improve revenue in the long term.  When the customer is happy, they will most likely want to come back to re-live their first enjoyable experience.  And, if they’re happy, they will be buying more and spreading the word about your store with their peers.

Both ‘employee training’ and ‘focusing on customer experience’ funnel into maintaining good hospitality.  This will always help to bring in returning customers. Shoppers are willing to pay a higher price if it means a better shopping experience.

By combining restaurants and shops, as well as homes, One Loudoun will provide the best possible shopping and dining experience for customers.  Visitors will be engaged and entertained, providing a good overall experience. There’s no doubt that everyone will quickly fall in love with the One Loudoun shopping and dining scene and become returning visitors!

Source:  QSR Web- http://www.qsrweb.com/article/217961/What-the-restaurant-industry-can-learn-from-retail-experts

The Importance of Retail in Today's Economy

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Opening any new business will have a positive effect of the economy.  Retail is especially helpful in aiding local economies and providing jobs in their area.  Now, the National Retail Federation is pushing for more retail careers, and advocating their importance to our economy. 

Recently in the media, jobs in retail have been cast in a bad light.  The truth, however, is that these jobs are benefiting the economy in so many more ways than people are aware of. Retail is responsible for 42 million jobs and $2.5 trillion of annual GDP. Just this year, employers in the retail industry have added 352,000 new jobs. 

The amount of retail positions that stores in One Loudoun will create will be unprecedented.  The entire community will benefit and it will help One Loudoun to thrive and grow.  When stores are located in concentrated developments like ours, it brings even more revenue, jobs, and business to the area.

One Loudoun also presents the perfect location for store owners and employees alike.  With a surrounding neighborhood filled with people of all ages, there will be plenty of applicants lining up to work in your store.  Future employees will love to be able to walk to and from work everyday.

Opening a new store doesn’t just employ new people directly in the shop, but it also creates jobs elsewhere. Those in the warehouse delivering your merchandise and those who process and manufacture it.  The revenue from opening just one store will trickle on to many levels, supporting a vast number of people from all over.

ThisisRetail.org is a campaign backed by the National Retail Federation that highlights the careers, community, and innovation involved in the retail industry. They’re working to create a more positive outlook on the retail industry and are promoting why it is so important to our economic recovery.

Retailers in One Loudoun will be proud to be apart of such a monumental development in Loudoun County.  Just their presence alone will improve the local economy and provide jobs for endless amounts of people.

Source:

The National Retail Federation

ThisisRetail.org

The Retail Industry Builds Momentum

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As the economy continues to improve, the retail industry is gaining more and more positive momentum.  The economy has a huge impact on the retail sector, and vice versa. Store owners in One Loudoun will be apart of the best shopping scene in Northern Virginia and their impact on the local economy will be impressive.   More importantly, this affluent area will bring an amazing amount of revenue to businesses, helping them to flourish and grow strong roots in One Loudoun.

This summer, many of the headlines for big retail companies like Home Depot, Gap, Toys’R’Us, Jo-Ann Fabrics, and Ross Stores have boasted improvements in the second quarter of 2013 and expected increases for the coming months.  According to statistics published by ShopperTrak, retail foot traffic jumped 5.2 percent in July, an increase from June 2013.  This is consistent with the month over month improvements we’ve seen this year, June also saw a big improvement, as well as exceeds the original predictions for the month. The summer did especially well with more people having extra time to shop, and warmer weather encouraging shoppers to buy seasonal clothing.  As we move into the colder months and holiday retail season, the industry is expected to see even more increases in revenue.    

Now that people are finding they have extra spending money, they are indulging in themselves and shopping more often. Shopping has become more convenient than ever and is seen more as a recreational activity than a chore.  This is why One Loudoun is the perfect place to relocate or open your store.  Shoppers here will get the full shopping experience, and will soon become returning customers.  Those who live and work here will also be strolling the streets regularly to shop for everything they need. 

With the holiday season only a few months away, and the retail industry gaining more momentum everyday, there is no better time to relocate or open your business in One Loudoun. The industry will continue to improve over the coming months, bringing more customers and profit to your store.  Our county and community is filled with residents who want to shop and will be buying more items through the holiday season, so seize the opportunity and open a store in One Loudoun!

Source:  Retailing Today

The Revolution of the Retail Industry

It seems like everything about the retail industry has changed in the past 10 years.  The methods of advertisement, the display of products, and even the ways to interact with consumers – it can be a challenge to keep up!  But maybe it’s not so much about how the retail industry has changed, but more how the behaviors of the consumers have evolved. 

With the emergence of smart phones, nifty shopping apps, and advancing technology, storeowners must work to stay relevant to their target consumers. Online shopping has now made it more difficult than ever to bring shoppers into a store. That’s why owners have shifted their focus on the overall experience of the consumer.  Shopping is a form of entertainment – shoppers want to stroll into a shop, browse, and take their time when considering a purchase.

This is exactly why One Loudoun is the best place to open up a store – clothing, specialty, gift, tech, or any other.  People will come here to have fun and be entertained through shopping, dining, and other activities.  There are so many venues of entertainment in our neighborhood, but the draw of retail is unprecedented.  This draw will bring in shoppers from all over the state and beyond. Store owners will also find they have a huge constant, and local, customer base within walking distance of their storefront.

Shoppers will come to stroll the streets of our new downtown on a Saturday morning to enjoy time with friends and family. Those who live here will love the convenience of having their favorite shops right down the road and visitors will love to see a huge selection of shops. Many will become return visitors, coming back again and again to shop for everything they might need. 

Shoppers are bound to have a good shopping experience in One Loudoun, which will only benefit shoppers and retailers alike.  When choosing a location to open a business, storeowners face many challenges.  The risk that there won’t be enough of a draw being one of them.  At One Loudoun, this will never be a concern for our storeowners.  This is truly the best place to open up your new shop.