Current economic conditions: The U.S Economy 2013 2014 2015F
Real GDP (% Change) 1.9% 2.5% 2.9%
Nonfarm Jobs (% Change) 1.7% 1.7% 1.9%
Unemployment rate 7.4% 6.6% 6.1%
Consumer Price Index (% change) 1.5% 1.7% 2.1%
Overall the U.S economy faced challenges due to budget cuts, taxes, and spending cuts. Policy changes marked sluggish growth followed by a strong finish in 2014 therefore 2015 should have a stronger economic outcome.
The unemployment rate continues to go down while consumer confidence is on the rise and global economic growth is expected to increase this year and next. 2015 should be a year of solid, but modest growth with continued economic improvement. (US Economy)
Recovery
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Downtown 's garment and jewelry districts and the Olvera Street Mexican market do draw a steady stream of retail traffic. A critical component in downtown 's residential revival is the 50,000-square-foot Ralphs 's Grocery. Ralph 's is the spark needed to jumpstart in migration of residents to the (CBD).
Currently, downtown retail rents average $22.33 per square foot, which is comparable to the rest of the region. However, vacancy at 11 percent is double the countrywide average of 5.2 percent. That 's likely to change, especially in downtown residential neighborhoods where asking rents are already higher.
5.2 Primary Competitors
All Fast food Restaurants example: Mc Donald’s
All Quick Serve Restaurants example: Chipotle
All Full Service Restaurants example: Olive Garden
All Around the World has many competitors who will put our strengths to the test. New competitors copy our ideas and try to create a restaurant that will outshine AATW. The constantly changing consumer preference will be an opportunity. People constantly change their preference about what type of foods they like so they may lose their interest in single culture restaurants. AATW will be offering multiple cultures to choose from so customers have a different experience every time you return to AATW.
5.3 Market Size; Market Growth and Customer Profile:
Market Profile: Downtown L.A.
Demographic Overview
Total population Los Angeles: 9.8 million
Unemployment rate Los
After the economy hit a slowdown in the first quarter of 2015, the US economy has likely sped up in the second quarter. The labor and real estate markets are staying steadily on their recovery paths and should let the Federal Reserve,
Building the vitality of the downtown core through the creation of new residential, business, retail, cultural and entertainment opportunities.
The health of the current U.S. economy appears to be growing gradually. The second quarter real GDP growth was 3.7% and the unemployment rate declined to 5.3%. The U.S Federal Reserve (Fed) is expected to raise interest rates in the near future when it sees clear signs of strong economic growth and improvements in the job market.
The Uptown Shopping District is a popular location for shopping and dining. Well-equipped with over 60 stores and restaurants, those who are visting are sure to find something that will picque their interest. Additionally, Fort Walton's Downtown is known for its arts and entertainment. The area is also home to a number of unique shops and resturants. The walkable arts district also offers a number of stores that offer antiques and collectable merchandise.
Charming Downtown McKinney offers residents and visitors access to more than 120 wonderful shops and more than a dozen delightful restaurants, coffee shops, and pubs. Downtown McKinney is one of the area's most popular shopping destinations, and it is easy to see why. The charming shopping district is home to a number of unique specialty shops, upscale boutiques, art galleries, gift shops, and antique stores.
With these stores removed from both neighborhoods, where are the residents of those neighborhoods supposed to shop? And with the removal of the stores, what impetus do the few other grocers have to keep prices reasonable for people of that socio-economic level?
The only part of this statement that actually describes the role of Downtown is that it is to “serve as a support and stimulus to business and industry.” There is not a clear direction for the role of Downtown in the “Big
With this method, it would divide the traffic of people more evenly throughout the downtown area but not at a remove all and rebuilt type of manor. This also helps in that the businesses that are currently there hipster or jazz included doing not have to compete with new ideas. We all know that the movement of “hipster” will be phased out and a new trend will come in and take over so either way, a spread of different ideas is better than a concentrated area. Also with this method, people can choose their favorite section and not waste time going across downtown to get to their other destination. The more one has to move to acquire what they need is going to tire them out and cause them to no go to the next area. Or the opposite can happen it could force consumers out of their comfort zone, and make them explore a new area because their favorite shop is there, like an
According to easynomics.com, from Q3 2012-Q2 2015, there was a confirmed upward trend with real GDP rising which translates to approximately 2.26 percent annual growth rate. Although the increase rate is too slow that people may not feel the recovery, but it does suggest the increase.
The United States is the leading economy across the globe and experienced several tribulations in the recent past following the 2008 global recession. Despite these recent challenges, there are expectations among policymakers and financial experts that the country will experience solid economic growth. Actually, financial analysts have stated that the U.S. economy will be characterized by increased consumer spending, increased investments by businesses, reduced rate of unemployment, and reduction in government cut. Some analysts have also stated that the country’s economy will strengthen in 2014 with an average of 2.7 percent or more. However, these predictions can only be understood through an analysis of the current macroeconomic
Downtown Houston is often associated with business, entertainment and plenty of traffic. However, over the next 5 years the center of our city will be focusing on building its reputation as a residential neighborhood.
The year of 2015 for the United States left people basically feeling nothing, no joy nor any pain. The economy seemed was considered to be in a twilight zone between the boom of the economy and the bust of the economy. Financial markets were flat in 2015 only growing at .2% for the first three months of the year (Irwin, April 2015). The growth increased during the second quarter, but quickly dropped to 1.5% during in third quarter (Gillspie, 2015). During 2014, stocks, bonds, real estate and other financial assets were at the high end of their historical values; this was considered the boom. With the European Central Bank pumping money into the market, the economic slowdown in China, sharp drops in the stock markets, and a long- awaited interest rate increase by the Federal Reserve, financial assets were halted from climbing more and creating a bubble (Irwin, April 2015). The Federal Reserve bought $3.5 trillion in bonds from 2009 to 2014 to encourage investors to purchase riskier investments; this led to an increase in stock market prices faster than the rise of earnings for companies (Irwin, 2015). While this did work in getting investors to take risks, it didn 't completely create economic expansion. When 2015 hit, this growth slowed down and left the 2015 economy to be stagnant.
The store pictured here is one of the oldest stores in the city, having been located in the same area for the past 75 years (About – Central Drug Store), and is located in one of the prime spots of any major city: the central business district. This shows how Central Drug is located in the prime spot of business in the city, a theory that is described through a Bid-Rent Curve, which demonstrates the “amount a bidder (whether business or industrial) is willing to pay for land relative to the distance from the central business district (CBD)” (Greiner 2011). A bid-rent curve is useful because it shows the economic factors that play into the direct location of a store in relation to the distance away from the CBD. It’s true that Central Drug is
Revitalization efforts in downtown areas have gained momentum over the past few decades, this paper is focused on revitalization strategies, recognizing the process of decline, while identifying key strategies used in downtown revitalization efforts over the past fifty years (Faulk 2006). Downtowns, unlike suburban shopping malls or office complexes, evolved slowly over time, responding to changing technologies, social and economic patterns. A city’s identity relies heavily on the image of its downtown, so inevitably cities of all sizes commit themselves to achieving successful downtown redevelopment (Robertson 1995). As I have been reading literature on downtown revitalization a number of strategies and principles have surfaced. Many of
There is now increasing conviction in the view that Q1’s contraction to US real GDP was, in fact, transitory, as opposed to the onset of a new and slower growth trend. Special factors, such as bad weather, the labour dispute at West Coast ports, and statistical noise were all to blame for the negative outcome. Members of the Federal Open Market Committee (FOMC) are, therefore, relieved to be witnessing a generally better-than-expected tone to US economic data in recent weeks. These include higher automobile sales, although I suspect it will be a struggle to achieve much higher readings in the near future. Meanwhile, initial jobless claims continue to hover at very low levels. Respectable labour demand is now