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