New Study Ranks Metro Areas on the Vitality of Their Independent Retail
By Stacy Mitchell on January 25, 2011
A groundbreaking new study, the Indie City Index, ranks all 363 metropolitan areas in the U. S. according to the vitality of their independent retail sectors.
Produced by Civic Economics, the index analyzes the share of retail sales captured by independent retailers and assigns a score to each metro. In regions that score above 100, independent retailers capture a larger than average share of spending, while chains are more dominant in those metros that score less than 100.
Topping the list are Ocean City, NJ; Bellingham, WA; Medford, OR; Carson City, NV; San Jose, CA; Barnstable, MA; Austin, TX; Dalton, GA; Harrisonburg, VA; Gainesville, GA and Glens Falls, NY.
The Indie City Index also ranks cities within their region and within their population class, identifying those that outperform their peers.
Overall, the study found that independent retailers are strongest in the Mid-Atlantic, Pacific, and New England regions, while chains had the largest market share in the Midwest.
Perhaps most useful for civic and community leaders, the index identified 36 metro areas that outperform their peers in both their region and their population class. While this list includes many of the leading scorers overall, there are a number of additional cities that rank as top performers by this measure, including New York; New Orleans; Portland, ME; Poughkeepsie, NY; Tucson; Louisville; Boston; Asheville, NC; and Charleston, SC.
More than half of these 36 "Top Multi-Category Performers" are served by an Independent Business Alliance or a Local First group. "That so many of leading Indie Cities boast an independent business alliance or local first effort is striking, and testament to the impact this movement is making," the authors note.
The Indie City Index was commissioned by the American Booksellers Association. "Few informed community leaders would dispute the enhanced economic development value of local business," the study notes. "For that reason, Civic Economics and the ABA now hope to move the discussion from the underlying economic impacts to ways in which communities can harness the power of independent retail to build local economies."