SlideShare una empresa de Scribd logo
1 de 22
Descargar para leer sin conexión
Consumer Connection:
Oxford / Lafayette County, Mississippi
            March 11, 2009
Consumer Connection Helps Create Sustainable
Communities
  Community leaders have a responsibility to
  create sustainable communities that:

• Reflect their community’s values

• Preserve their community’s unique charm
  and character

• Support existing business and industry

• Attract new retail development and services
Why Should We Develop Our Retail
 Community?
• Satisfy citizens’ desire to shop at home

• Increase sales and property taxes

• Create new, permanent jobs

• Retain dollars that are currently spent outside the
  community

• Bring new dollars into the community
Balanced Economic Growth


 Strong retail opportunities help attract major employers



 The presence of strong employers helps communities
 attract and develop higher-end retailers
How Can Retail be Successfully Developed?


Retail can be successfully developed with:

  Different tools and techniques

• An understanding of the retail industry and language

• Investments in resources that demonstrate the retail
  opportunities available in your community
How to Market Like a Fortune 500 Company


       Nielsen Claritas is the preferred choice
        of Fortune 500 companies who wish to
                      optimize their

                 customer targeting,

                 media strategies and

               site analysis decisions
Lafayette County: Retailers’ Use of Claritas


       Strategies To Utilize Claritas Products

 What is our trade area?   Can this trade area
                           support my business?
 What are the retail       What are the largest
 opportunity gaps in my    lifestyle segments in my
 trade area?               trade area?
 How does this             How do I market to the
 information impact my     households in my trade
 product mix?              area?
Lafayette County: By the Numbers

Average Household Income   $51,526

Population – 2008          41,107

Population – 2013          42,050

% Owner Occupied Housing 60.4%

Population Growth – 2008 to 2.3 %
2013
Number of Households        15,855
Lafayette County: By the Numbers

Total Retail Sales         $711,400,000

Total Retail Demand        $630,800,000

Total Retail In-Leakage    $80,700,000
(Supply over Demand)

Growth in Retail Demand:   23.5 %
2008 to 2013
Lafayette County: Major Retail In-Leakage

Meals & Snacks             $38,800,000

Groceries & Other Foods    $22,000,000

Books                      $14,900,000

Womens’, Juniors’ & Misses’ $12,500,000
Wear
Drugs, Health & Beauty Aids $6,000,000
Lafayette County: Major Retail Out-Leakage

Automotive Fuel       $20,500,000


Furniture & Sleep     $5,500,000
Equipment

Computer Hardware,    $5,100,000
Software & Supplies

Men’s Wear            $2,200,000
Claritas Psychographics: Prizm


 PRIZM combines demographic, consumer behavior,
 and geographic data to help marketers identify,
 understand and target their customers and prospects.

 With PRIZM segmentation, marketers can better
 understand their customers and prospects, and target
 them with tailored messages and products designed just
 for them.
My Competitors are Struggling – How Can I
Grad Their Customers?


 “Downturns are when the biggest shifts in market share
  happen. But don’t try to go after different customers.
 The companies that do this well focus on the customers
        that are at the core of their businesses.”


 Rob Markey, Partner & Head of Global Customer
 Strategy with Bain & Company, Fortune, March 30,
 2009.
My Competitors are Struggling – How Can I
Grad Their Customers?


      “Someone told me we couldn’t have picked
            a worse time to launch the brand
          (a new higher-end, leather portfolio).
              But, we went after customers
      who would buy these products in a mall setting
              – and we won many of them.”


Ron Sargent, CEO of Staples, Fortune, March 30, 2009.
Lafayette County: Top Prizm Segments


                           Young & Rustic
  •   4,633 households in the County

      29.2 percent of households the County

      County concentration is 14.4 times the national average

      Young & Rustic is composed of middle age, restless singles. These
      folks tend to be lower-middle-income, high school-educated, and live in
      tiny apartments in the nation's exurban towns. With their service
      industry jobs and modest incomes, these folks still try to fashion fast-
      paced lifestyles centered on sports, cars, and dating.
Lafayette County: Top Prizm Segments


                             Blue Highways

  •   1,751 households in the County

      11.0 percent of households the County

      County concentration is 6.6 times the national average

      On maps, blue highways are often two-lane roads that wind through remote
      stretches of the American landscape. Among lifestyles, Blue Highways is the
      standout for lower-middle-class residents who live in isolated towns and
      farmsteads. Here, Boomer men like to hunt and fish; the women enjoy sewing
      and crafts, and everyone looks forward to going out to a country music concert.
Lafayette County: Top Prizm Segments


                          Crossroad Villagers

  •   1,530 households in the County

      9.6 percent of households the County

      County concentration is 4.5 times the national average

      With a population of middle-aged, white-collar couples and families, Crossroads
      Villagers is a classic rural lifestyle. Residents are high school-educated, with
      downscale incomes and modest housing; one-quarter live in mobile homes. And
      there's an air of self-reliance in these households as Crossroads Villagers help
      put food on the table through fishing, gardening, and hunting.
Lafayette County: Top Prizm Segments


                          Back County Folks

  •   1,512 households in the County

      9.5 percent of households the County

      County concentration is 4.4 times the national average

  •   Strewn among remote farm communities across the nation, Back Country Folks
      are a long way away from economic paradise. The residents tend to be poor,
      over 55 years old, and living in older, modest-sized homes and manufactured
      housing. Typically, life in this segment is a throwback to an earlier era when
      farming dominated the American landscape.
Lafayette County: Top Prizm Segments


                          Shotguns & Pickups
  •   1,044 households in the County

      6.6 percent of households the County

      County concentration is 3.9 times the national average

      The segment known as Shotguns & Pickups came by its moniker honestly: it
      scores near the top of all lifestyles for owning hunting rifles and pickup trucks.
      These Americans tend to be young, working-class couples with large families--
      more than half have two or more kids--living in small homes and manufactured
      housing. Nearly a third of residents live in mobile homes, more than anywhere
      else in the nation.
Lafayette County: Retailers’ Use of Claritas


       Strategies To Utilize Claritas Products

 What is our trade area?   Can this trade area
                           support my business?
 What are the retail       What are the largest
 opportunity gaps in my    lifestyle segments in my
 trade area?               trade area?
 How does this             How do I market to the
 information impact my     households in my trade
 product mix?              area?
The TVA Consumer Connection Network
Put the TVA Economic Development team to work for you

 Contact:   Chuck Marquis         (901) 577-2626

    TVAed.com               TVAed.Com/Consumer_Connect

Más contenido relacionado

La actualidad más candente

Cities as warehouses
Cities as warehousesCities as warehouses
Cities as warehousesRemi Uzzan
 
Mundo Hispanico 2010 Overview
Mundo Hispanico 2010 OverviewMundo Hispanico 2010 Overview
Mundo Hispanico 2010 Overviewrauluga
 
Multicultural Marketing
Multicultural MarketingMulticultural Marketing
Multicultural MarketingMando Rayo
 
JLL Craft Beer Guidebook to Real Estate
JLL Craft Beer Guidebook to Real EstateJLL Craft Beer Guidebook to Real Estate
JLL Craft Beer Guidebook to Real EstateScott Rantala
 
2020 Oregon Wine Symposium | State of the Industry
2020 Oregon Wine Symposium | State of the Industry2020 Oregon Wine Symposium | State of the Industry
2020 Oregon Wine Symposium | State of the IndustryOregon Wine Board
 
American Muslim Market 2011: Business Landscape & Consumer Needs Study
American Muslim Market 2011: Business Landscape & Consumer Needs StudyAmerican Muslim Market 2011: Business Landscape & Consumer Needs Study
American Muslim Market 2011: Business Landscape & Consumer Needs StudyDinarStandard
 

La actualidad más candente (9)

Cities as warehouses
Cities as warehousesCities as warehouses
Cities as warehouses
 
The Canada Factbook
The Canada FactbookThe Canada Factbook
The Canada Factbook
 
Mundo Hispanico 2010 Overview
Mundo Hispanico 2010 OverviewMundo Hispanico 2010 Overview
Mundo Hispanico 2010 Overview
 
Affluent Market
Affluent MarketAffluent Market
Affluent Market
 
Multicultural Marketing
Multicultural MarketingMulticultural Marketing
Multicultural Marketing
 
JLL Craft Beer Guidebook to Real Estate
JLL Craft Beer Guidebook to Real EstateJLL Craft Beer Guidebook to Real Estate
JLL Craft Beer Guidebook to Real Estate
 
New Mi Gente TV in progress
New Mi Gente TV in progressNew Mi Gente TV in progress
New Mi Gente TV in progress
 
2020 Oregon Wine Symposium | State of the Industry
2020 Oregon Wine Symposium | State of the Industry2020 Oregon Wine Symposium | State of the Industry
2020 Oregon Wine Symposium | State of the Industry
 
American Muslim Market 2011: Business Landscape & Consumer Needs Study
American Muslim Market 2011: Business Landscape & Consumer Needs StudyAmerican Muslim Market 2011: Business Landscape & Consumer Needs Study
American Muslim Market 2011: Business Landscape & Consumer Needs Study
 

Destacado

Mtgmess
MtgmessMtgmess
Mtgmesslexl
 
Ring mining blasting
Ring mining blastingRing mining blasting
Ring mining blastingIngo Valgma
 
Open Source and Snowmageddon - Tech@State
Open Source and Snowmageddon - Tech@StateOpen Source and Snowmageddon - Tech@State
Open Source and Snowmageddon - Tech@StateRyan Ozimek
 
Arvinmeritor 2002 Annua lReport
Arvinmeritor 2002 Annua lReportArvinmeritor 2002 Annua lReport
Arvinmeritor 2002 Annua lReportfinance27
 
(คู่มือ)หนังสือเรียนสสวท คณิตศาสตร์เพิ่มเติม ม.2 ล.1 lnw tongphysics
(คู่มือ)หนังสือเรียนสสวท คณิตศาสตร์เพิ่มเติม ม.2 ล.1  lnw tongphysics(คู่มือ)หนังสือเรียนสสวท คณิตศาสตร์เพิ่มเติม ม.2 ล.1  lnw tongphysics
(คู่มือ)หนังสือเรียนสสวท คณิตศาสตร์เพิ่มเติม ม.2 ล.1 lnw tongphysicsKruPa Jggdd
 

Destacado (8)

Mtgmess
MtgmessMtgmess
Mtgmess
 
Aviones de lujo
Aviones de lujoAviones de lujo
Aviones de lujo
 
Ring mining blasting
Ring mining blastingRing mining blasting
Ring mining blasting
 
Uli Staiger Panorama
Uli Staiger PanoramaUli Staiger Panorama
Uli Staiger Panorama
 
Open Source and Snowmageddon - Tech@State
Open Source and Snowmageddon - Tech@StateOpen Source and Snowmageddon - Tech@State
Open Source and Snowmageddon - Tech@State
 
Arvinmeritor 2002 Annua lReport
Arvinmeritor 2002 Annua lReportArvinmeritor 2002 Annua lReport
Arvinmeritor 2002 Annua lReport
 
FANTASTICO
FANTASTICOFANTASTICO
FANTASTICO
 
(คู่มือ)หนังสือเรียนสสวท คณิตศาสตร์เพิ่มเติม ม.2 ล.1 lnw tongphysics
(คู่มือ)หนังสือเรียนสสวท คณิตศาสตร์เพิ่มเติม ม.2 ล.1  lnw tongphysics(คู่มือ)หนังสือเรียนสสวท คณิตศาสตร์เพิ่มเติม ม.2 ล.1  lnw tongphysics
(คู่มือ)หนังสือเรียนสสวท คณิตศาสตร์เพิ่มเติม ม.2 ล.1 lnw tongphysics
 

Similar a Tva Consumer Connection Oxford La Fayette County Presentation March 2009

Consumer Confidence From the Consumer's POV Feb-April 2014
Consumer Confidence From the Consumer's POV Feb-April 2014Consumer Confidence From the Consumer's POV Feb-April 2014
Consumer Confidence From the Consumer's POV Feb-April 2014iModerate
 
Connect with the microbusiness owner
Connect with the microbusiness ownerConnect with the microbusiness owner
Connect with the microbusiness ownerKelly Jo McElhenney
 
Walmart CAM Report 3
Walmart CAM Report 3Walmart CAM Report 3
Walmart CAM Report 3Julio Souto
 
87 1 2lockhart Small Business Presentationbrep12.08
87 1 2lockhart Small Business Presentationbrep12.0887 1 2lockhart Small Business Presentationbrep12.08
87 1 2lockhart Small Business Presentationbrep12.08CardinaleWay Mazda
 
87 1 2lockhart Small Business Presentationbrep12 08
87 1 2lockhart Small Business Presentationbrep12 0887 1 2lockhart Small Business Presentationbrep12 08
87 1 2lockhart Small Business Presentationbrep12 08Social Media Marketing
 
Whitepaper_IIMB_Soch
Whitepaper_IIMB_SochWhitepaper_IIMB_Soch
Whitepaper_IIMB_SochAashish Nakra
 
Scott Entrepreneur Express, October 14, 2010 Presentation
Scott Entrepreneur Express, October 14, 2010 PresentationScott Entrepreneur Express, October 14, 2010 Presentation
Scott Entrepreneur Express, October 14, 2010 PresentationSandy Ratliff
 
What Cities Can Learn From Marketers
What Cities Can Learn From MarketersWhat Cities Can Learn From Marketers
What Cities Can Learn From MarketersMichael Barber
 
ATD Austin Yellow Pages Solution
ATD Austin Yellow Pages Solution ATD Austin Yellow Pages Solution
ATD Austin Yellow Pages Solution Kekacobb
 
ATD Austin Yellow Pages Solution
ATD Austin Yellow Pages Solution ATD Austin Yellow Pages Solution
ATD Austin Yellow Pages Solution Kekacobb
 
Media Sales Kit - Bostin Health
Media Sales Kit - Bostin HealthMedia Sales Kit - Bostin Health
Media Sales Kit - Bostin HealthBostinHealth
 
115 Montauk Highway Offering Memorandum
115 Montauk Highway Offering Memorandum115 Montauk Highway Offering Memorandum
115 Montauk Highway Offering MemorandumMilan Cheeks
 
Paulina Sazon - International Market Expansion, What Every Executive Needs to...
Paulina Sazon - International Market Expansion, What Every Executive Needs to...Paulina Sazon - International Market Expansion, What Every Executive Needs to...
Paulina Sazon - International Market Expansion, What Every Executive Needs to...psazon
 
Understanding the millennial
Understanding the millennial  Understanding the millennial
Understanding the millennial Sigma_Group
 

Similar a Tva Consumer Connection Oxford La Fayette County Presentation March 2009 (20)

Consumer Confidence From the Consumer's POV Feb-April 2014
Consumer Confidence From the Consumer's POV Feb-April 2014Consumer Confidence From the Consumer's POV Feb-April 2014
Consumer Confidence From the Consumer's POV Feb-April 2014
 
Accelerating Your Agency: How to Do More with Less and Scale at Speed
Accelerating Your Agency: How to Do More with Less and Scale at SpeedAccelerating Your Agency: How to Do More with Less and Scale at Speed
Accelerating Your Agency: How to Do More with Less and Scale at Speed
 
Connect with the microbusiness owner
Connect with the microbusiness ownerConnect with the microbusiness owner
Connect with the microbusiness owner
 
Walmart CAM Report 3
Walmart CAM Report 3Walmart CAM Report 3
Walmart CAM Report 3
 
DBS CAMEO
DBS CAMEODBS CAMEO
DBS CAMEO
 
Walmart Stores
Walmart StoresWalmart Stores
Walmart Stores
 
87 1 2lockhart Small Business Presentationbrep12.08
87 1 2lockhart Small Business Presentationbrep12.0887 1 2lockhart Small Business Presentationbrep12.08
87 1 2lockhart Small Business Presentationbrep12.08
 
87 1 2lockhart Small Business Presentationbrep12 08
87 1 2lockhart Small Business Presentationbrep12 0887 1 2lockhart Small Business Presentationbrep12 08
87 1 2lockhart Small Business Presentationbrep12 08
 
DBS CAMEO Guide
DBS CAMEO GuideDBS CAMEO Guide
DBS CAMEO Guide
 
Walmart
WalmartWalmart
Walmart
 
Whitepaper_IIMB_Soch
Whitepaper_IIMB_SochWhitepaper_IIMB_Soch
Whitepaper_IIMB_Soch
 
Scott Entrepreneur Express, October 14, 2010 Presentation
Scott Entrepreneur Express, October 14, 2010 PresentationScott Entrepreneur Express, October 14, 2010 Presentation
Scott Entrepreneur Express, October 14, 2010 Presentation
 
What Cities Can Learn From Marketers
What Cities Can Learn From MarketersWhat Cities Can Learn From Marketers
What Cities Can Learn From Marketers
 
ATD Austin Yellow Pages Solution
ATD Austin Yellow Pages Solution ATD Austin Yellow Pages Solution
ATD Austin Yellow Pages Solution
 
ATD Austin Yellow Pages Solution
ATD Austin Yellow Pages Solution ATD Austin Yellow Pages Solution
ATD Austin Yellow Pages Solution
 
Urban Roots
Urban RootsUrban Roots
Urban Roots
 
Media Sales Kit - Bostin Health
Media Sales Kit - Bostin HealthMedia Sales Kit - Bostin Health
Media Sales Kit - Bostin Health
 
115 Montauk Highway Offering Memorandum
115 Montauk Highway Offering Memorandum115 Montauk Highway Offering Memorandum
115 Montauk Highway Offering Memorandum
 
Paulina Sazon - International Market Expansion, What Every Executive Needs to...
Paulina Sazon - International Market Expansion, What Every Executive Needs to...Paulina Sazon - International Market Expansion, What Every Executive Needs to...
Paulina Sazon - International Market Expansion, What Every Executive Needs to...
 
Understanding the millennial
Understanding the millennial  Understanding the millennial
Understanding the millennial
 

Último

Boost the utilization of your HCL environment by reevaluating use cases and f...
Boost the utilization of your HCL environment by reevaluating use cases and f...Boost the utilization of your HCL environment by reevaluating use cases and f...
Boost the utilization of your HCL environment by reevaluating use cases and f...Roland Driesen
 
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130  Available With RoomVIP Kolkata Call Girl Howrah 👉 8250192130  Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Roomdivyansh0kumar0
 
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...lizamodels9
 
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Dave Litwiller
 
HONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael HawkinsHONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael HawkinsMichael W. Hawkins
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth MarketingShawn Pang
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Neil Kimberley
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsApsara Of India
 
GD Birla and his contribution in management
GD Birla and his contribution in managementGD Birla and his contribution in management
GD Birla and his contribution in managementchhavia330
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Serviceritikaroy0888
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Roland Driesen
 
Monthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxMonthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxAndy Lambert
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMANIlamathiKannappan
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableDipal Arora
 
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...Any kyc Account
 
Sales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessSales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessAggregage
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...Paul Menig
 
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒anilsa9823
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst SummitHolger Mueller
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdfRenandantas16
 

Último (20)

Boost the utilization of your HCL environment by reevaluating use cases and f...
Boost the utilization of your HCL environment by reevaluating use cases and f...Boost the utilization of your HCL environment by reevaluating use cases and f...
Boost the utilization of your HCL environment by reevaluating use cases and f...
 
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130  Available With RoomVIP Kolkata Call Girl Howrah 👉 8250192130  Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Room
 
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
 
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
 
HONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael HawkinsHONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael Hawkins
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
 
GD Birla and his contribution in management
GD Birla and his contribution in managementGD Birla and his contribution in management
GD Birla and his contribution in management
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Service
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...
 
Monthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxMonthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptx
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMAN
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
 
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
 
Sales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessSales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for Success
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...
 
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst Summit
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
 

Tva Consumer Connection Oxford La Fayette County Presentation March 2009

  • 1. Consumer Connection: Oxford / Lafayette County, Mississippi March 11, 2009
  • 2. Consumer Connection Helps Create Sustainable Communities Community leaders have a responsibility to create sustainable communities that: • Reflect their community’s values • Preserve their community’s unique charm and character • Support existing business and industry • Attract new retail development and services
  • 3. Why Should We Develop Our Retail Community? • Satisfy citizens’ desire to shop at home • Increase sales and property taxes • Create new, permanent jobs • Retain dollars that are currently spent outside the community • Bring new dollars into the community
  • 4. Balanced Economic Growth Strong retail opportunities help attract major employers The presence of strong employers helps communities attract and develop higher-end retailers
  • 5. How Can Retail be Successfully Developed? Retail can be successfully developed with: Different tools and techniques • An understanding of the retail industry and language • Investments in resources that demonstrate the retail opportunities available in your community
  • 6. How to Market Like a Fortune 500 Company Nielsen Claritas is the preferred choice of Fortune 500 companies who wish to optimize their customer targeting, media strategies and site analysis decisions
  • 7. Lafayette County: Retailers’ Use of Claritas Strategies To Utilize Claritas Products What is our trade area? Can this trade area support my business? What are the retail What are the largest opportunity gaps in my lifestyle segments in my trade area? trade area? How does this How do I market to the information impact my households in my trade product mix? area?
  • 8. Lafayette County: By the Numbers Average Household Income $51,526 Population – 2008 41,107 Population – 2013 42,050 % Owner Occupied Housing 60.4% Population Growth – 2008 to 2.3 % 2013 Number of Households 15,855
  • 9. Lafayette County: By the Numbers Total Retail Sales $711,400,000 Total Retail Demand $630,800,000 Total Retail In-Leakage $80,700,000 (Supply over Demand) Growth in Retail Demand: 23.5 % 2008 to 2013
  • 10. Lafayette County: Major Retail In-Leakage Meals & Snacks $38,800,000 Groceries & Other Foods $22,000,000 Books $14,900,000 Womens’, Juniors’ & Misses’ $12,500,000 Wear Drugs, Health & Beauty Aids $6,000,000
  • 11. Lafayette County: Major Retail Out-Leakage Automotive Fuel $20,500,000 Furniture & Sleep $5,500,000 Equipment Computer Hardware, $5,100,000 Software & Supplies Men’s Wear $2,200,000
  • 12. Claritas Psychographics: Prizm PRIZM combines demographic, consumer behavior, and geographic data to help marketers identify, understand and target their customers and prospects. With PRIZM segmentation, marketers can better understand their customers and prospects, and target them with tailored messages and products designed just for them.
  • 13. My Competitors are Struggling – How Can I Grad Their Customers? “Downturns are when the biggest shifts in market share happen. But don’t try to go after different customers. The companies that do this well focus on the customers that are at the core of their businesses.” Rob Markey, Partner & Head of Global Customer Strategy with Bain & Company, Fortune, March 30, 2009.
  • 14. My Competitors are Struggling – How Can I Grad Their Customers? “Someone told me we couldn’t have picked a worse time to launch the brand (a new higher-end, leather portfolio). But, we went after customers who would buy these products in a mall setting – and we won many of them.” Ron Sargent, CEO of Staples, Fortune, March 30, 2009.
  • 15. Lafayette County: Top Prizm Segments Young & Rustic • 4,633 households in the County 29.2 percent of households the County County concentration is 14.4 times the national average Young & Rustic is composed of middle age, restless singles. These folks tend to be lower-middle-income, high school-educated, and live in tiny apartments in the nation's exurban towns. With their service industry jobs and modest incomes, these folks still try to fashion fast- paced lifestyles centered on sports, cars, and dating.
  • 16. Lafayette County: Top Prizm Segments Blue Highways • 1,751 households in the County 11.0 percent of households the County County concentration is 6.6 times the national average On maps, blue highways are often two-lane roads that wind through remote stretches of the American landscape. Among lifestyles, Blue Highways is the standout for lower-middle-class residents who live in isolated towns and farmsteads. Here, Boomer men like to hunt and fish; the women enjoy sewing and crafts, and everyone looks forward to going out to a country music concert.
  • 17. Lafayette County: Top Prizm Segments Crossroad Villagers • 1,530 households in the County 9.6 percent of households the County County concentration is 4.5 times the national average With a population of middle-aged, white-collar couples and families, Crossroads Villagers is a classic rural lifestyle. Residents are high school-educated, with downscale incomes and modest housing; one-quarter live in mobile homes. And there's an air of self-reliance in these households as Crossroads Villagers help put food on the table through fishing, gardening, and hunting.
  • 18. Lafayette County: Top Prizm Segments Back County Folks • 1,512 households in the County 9.5 percent of households the County County concentration is 4.4 times the national average • Strewn among remote farm communities across the nation, Back Country Folks are a long way away from economic paradise. The residents tend to be poor, over 55 years old, and living in older, modest-sized homes and manufactured housing. Typically, life in this segment is a throwback to an earlier era when farming dominated the American landscape.
  • 19. Lafayette County: Top Prizm Segments Shotguns & Pickups • 1,044 households in the County 6.6 percent of households the County County concentration is 3.9 times the national average The segment known as Shotguns & Pickups came by its moniker honestly: it scores near the top of all lifestyles for owning hunting rifles and pickup trucks. These Americans tend to be young, working-class couples with large families-- more than half have two or more kids--living in small homes and manufactured housing. Nearly a third of residents live in mobile homes, more than anywhere else in the nation.
  • 20. Lafayette County: Retailers’ Use of Claritas Strategies To Utilize Claritas Products What is our trade area? Can this trade area support my business? What are the retail What are the largest opportunity gaps in my lifestyle segments in my trade area? trade area? How does this How do I market to the information impact my households in my trade product mix? area?
  • 21. The TVA Consumer Connection Network
  • 22. Put the TVA Economic Development team to work for you Contact: Chuck Marquis (901) 577-2626 TVAed.com TVAed.Com/Consumer_Connect