Quantifying the art of retail site selection : a retail case study
Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2001.
| Main Authors: | , |
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| Other Authors: | |
| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2006
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| Subjects: | |
| Online Access: | http://hdl.handle.net/1721.1/29893 |
| _version_ | 1811095518652137472 |
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| author | Hawkins, Matthew Lane, 1974- Foulger, Christian Eyre, 1975- |
| author2 | John Riordan. |
| author_facet | John Riordan. Hawkins, Matthew Lane, 1974- Foulger, Christian Eyre, 1975- |
| author_sort | Hawkins, Matthew Lane, 1974- |
| collection | MIT |
| description | Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2001. |
| first_indexed | 2024-09-23T16:18:25Z |
| format | Thesis |
| id | mit-1721.1/29893 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T16:18:25Z |
| publishDate | 2006 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/298932019-04-12T14:55:35Z Quantifying the art of retail site selection : a retail case study Hawkins, Matthew Lane, 1974- Foulger, Christian Eyre, 1975- John Riordan. Massachusetts Institute of Technology. Dept. of Urban Studies and Planning. Massachusetts Institute of Technology. Dept. of Urban Studies and Planning. Urban Studies and Planning. Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2001. Includes bibliographical references (leaves 88-89). Although there have been great strides in attempting to identify the locations that will yield the highest sales, the opinion among retailers remains that once the demographic, market, and sub-market analysis is complete, the choice of where to open a store within a sub-market is a matter of "feeling". Science can help a retailer pinpoint an optimal intersection that will enable it to place its goods and/or services in front of the largest number of potential customers, but it is the "art" of site selection that will enable a retailer to choose the best of the available locations surrounding the targeted intersection. There are invariably a number of appropriate alternative sites within a qualified trade area. Choosing the best location among these alternative sites is subjective. This "feeling" or "art" of selecting the relatively better location is something that is usually refined through years of developing the intuition for what will work the best. The purpose of this paper is to look at and then quantify the real estate variables that affect the relative attractiveness of available locations that exist within a delineated trade area. This is in an attempt to replace the subjectivity or "art" of selecting the best location with that of quantifiable results that prove that one site will result in higher sales than that of another. The results of the analysis show that the independent variables fail to predict sales per square foot with a requisite statistical significance. While the data failed to prove the hypothesis that the "art" of selecting retail locations can be replaced with quantitative analysis, the authors believe that with a larger sample size real estate factors can provide valuable insight into sales per square foot forecasts. by Matthew Lane Hawkins and Christian Eyre Foulger. S.M. 2006-03-24T18:00:43Z 2006-03-24T18:00:43Z 2001 2001 Thesis http://hdl.handle.net/1721.1/29893 50333541 eng M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 89 leaves 4434938 bytes 4445022 bytes application/pdf application/pdf application/pdf Massachusetts Institute of Technology |
| spellingShingle | Urban Studies and Planning. Hawkins, Matthew Lane, 1974- Foulger, Christian Eyre, 1975- Quantifying the art of retail site selection : a retail case study |
| title | Quantifying the art of retail site selection : a retail case study |
| title_full | Quantifying the art of retail site selection : a retail case study |
| title_fullStr | Quantifying the art of retail site selection : a retail case study |
| title_full_unstemmed | Quantifying the art of retail site selection : a retail case study |
| title_short | Quantifying the art of retail site selection : a retail case study |
| title_sort | quantifying the art of retail site selection a retail case study |
| topic | Urban Studies and Planning. |
| url | http://hdl.handle.net/1721.1/29893 |
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