As a strategic regional hub for retail and industrial trade and commerce, Grande Prairie has established itself as a lucrative market for local and multi-national retailers thanks to it’s large trading area of nearly 300,000 people.
Advantage: Access to Market Demand
The city is located at the centre of an affluent region with a total trading area of 295,079 people. Retail spending in the total trading area represents $5.1 billion.
The highest spending is in Comparison Merchandise at 35%, followed closely by Groceries and Convenience at 34%. A further 19% is spent on Automotive/RV and Motorsport Parts and Sales and the final 12% on Restaurants and Entertainment. High spending on clothing, home furnishing and specialty retail signifies a strong disposable income.
Advantage: Availability of Skilled Labour
Thanks to the existing concentration of retail and service within the city, the retail trade industry represents a labour force of 4,489 in the city, and 6,271 in the region.
Retail Market and Gap Analysis
The following comprehensive report delves into market trends, consumer behavior, and retail potential within the city. It aims to offer valuable insights into the local retail landscape and highlight the investment opportunities in Grande Prairie’s expanding retail sector.