A Report on the Suitability of New York City for Retail Investment
Simon Karuku
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Or call me on (480) 409-0684 at any time. Determined to provide original completely plagiarism free and quality work every time. Contents
Introduction 3
Background on Retail Industry in the U.S. 3
Types of Retail Outlets 5
Specialty Stores 7
Supermarkets 7
Convenience Stores 8
Discount Stores 8
Factors to Consider When Setting Up A Retail Outlet 9
Challenges to Setting Up Retail Stores 10
Retail Industry In New York 12
Why New York? 12
Employment trends 14
E-Commerce 15
Job Statistics in New York Boroughs Comparison 16
Comparison of New York to the Rest of the U.S. 16
Retail Real Estate Trends New York 18
Tourists and Native Consumption in New York 18
Conclusion 19

Retail Investment in New York City
Introduction
Retailing is the most essential of economic activities, providing end-users with direct access to commodities. Customers can purchase goods and services from various merchants, and in affordable quantities. In America, the first retail outlets were trading outposts and general stores where Native Americans could exchange goods they made for imported commodities from Europe. With time, and as villages and towns grew out of these unchartered frontiers, the trading posts began engaging in the selling of food, clothing, and farm necessities. Cities typically would form around these posts, owing to their ability to provide necessities to those it served. As a result, most of the early retail outlets doubled up as post offices and became economic and social centers of their communities. After industrialization, specifically in the period following the Second Great War, giant retail outlets like supermarkets, chain stores, discount stores, and shopping malls emerged. These centers