Being located in a community with major retail outlets in surrounding counties, leads to retail leakage.
Leakage means there are opportunities for those retail businesses willing to fill the gaps or leaks. Plugging the leaks results in substantially greater tax receipts which makes improvements to the schools and infrastructure easier. There are opportunities for local "Shop Local" campaigns.
The costs of driving to Dickson, Columbia, Hohenwald. or Fairview may exceed the savings of finding lower costs of products outside Hickman County when all factors are considered, not including extra travel time. The benefit is perceived as a greater selection of products and the convenience of shopping in a big-box store like Walmart. Often, consumers are not aware of products that can be purchased locally at a competitive price.
Shopping Center Survey
With our collaboration, the Industrial Development Board of Centerville has worked with the Shopping Center Group to supply you with extensively researched retail market information to assist retailers and developers to make informed retail development decisions in Centerville, Tennessee. Three charts show sales for
While some of the information is somewhat dated, the overall situation remains much the same as when the study was created.
This contains an aerial overview of Centerville in 2012. Note that both Pamida and Hardees are now closed. Also shown are travel times to Centerville and the proximity of anchor stores in the region. See also the Centerville Retail Flyer [download] for similar information.
See population densities by radius from Centerville, income levels, and housing information.
See leakage reports by NAICS segment as well as spending potentials for a variety of products and services.
See an overview map with distance and driving times as well as a detailed business report from businesses in the county.
See county thematic maps showing population density, incomes, ages, and projected growth.