Retail Business That Punches Above Its Weight
The value of retail in Oak Ridge goes remarkably beyond first impressions based on traditional retail gravity models.
The Oak Ridge community is incredibly unique in more ways than one. While traditional retail models evaluate locations primarily based on the density of the population of a targeted slice of the population, within a certain distance from the intended retail location, many other factors make the Oak Ridge Community a rare find.
Oak Ridge has long housed major clothing and home goods retailers such as Belk and J.C. Penney in a much smaller market than they would typically be found. At one time, the community housed an indoor mall, which has since transitioned to the more popular and sustainable open-air shopping center. What’s more, Oak Ridge serves as the most convenient significant shopping destination for many surrounding rural communities. In the past year, Oak Ridge added a Home Goods, Five Below, Ross Dress for Less, Old Navy and Chicken Salad Chick to its offerings, coupled with a recent opening of Buff City Soap.
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