GGR252H5 Study Guide - Urban Design, Retail Park, Sherway Gardens
Document Summary
Spatial discipline: associated with location, where are stores located what is the relation to the market. Understanding the consumer: population location, socio-economic characteristics lifecycle(birth death) where they start and where they end. more useless things out there means higher marketing economy. When you are young most money goes to yourself. When you are older, it goes to your family. life level income. As occupational cycle goes on, income level changes. lifestyle have no money, don"t have that specific lifestyle. Lifestyle is linked to age, amount of money, and lifestyle. Income and housing is relatively standard in suburban areas. Retail economy is reflective of this: older people tend not to buy tons of things since they have fixed incomes. In the future this will change, since older people will have a better pension plan, more saved, will drive the economy. January 07, 2013: baby boomers have lots of money, Location of retail facilities: types of retail.
