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A Survey Of Retail Trade Patterns In South Dakota: 2013-2022, Rand E. Wergin
A Survey Of Retail Trade Patterns In South Dakota: 2013-2022, Rand E. Wergin
Faculty Publications
This paper provides an analysis of retail sales and retail trade in the state of South Dakota for the ten years 2013 to 2022. This analysis will provide information to community leaders in the cities and towns of South Dakota. Retail pull is an economic indicator that provides a measure of community’s economic health and its ability to attract shoppers, both shoppers from its own community and from other communities. A community that has a healthy retail economy is generally able to attract shoppers from its own community as well as surrounding communities.
A Survey Of Retail Trade Patterns In South Dakota: 2012-2021, Rand E. Wergin
A Survey Of Retail Trade Patterns In South Dakota: 2012-2021, Rand E. Wergin
Faculty Publications
This paper provides an analysis of retail sales and retail trade in the state of South Dakota for the years 2012 to 2021. This analysis will provide valuable information to community leaders in the cities and towns of South Dakota. Along with measures such as unemployment and inflation, Retail Pull (RP) provides a measure of community’s economic health. For example, retail is often the largest employer in a city, particularly the smaller communities of South Dakota, and a robust retail sector provides a tax base to support community services. Thus, the economic health of the community depends on the viability …