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NATIONAL RETAIL TRENDS <br />• Retail spending bi-furcating <br />- Convenience/low price <br />- Experience-oriented/hand-made/local <br />• Retail market changing at staggering pace driven by e-commerce <br />- 19% annual growth in online retail purchases (2001-201 5), 2.7% annual growth in <br />brick and mortar store sales <br />• Food and Beverage growing component of retail centers <br />- Prepared foods sales have outpaced sales food for consumption the first time in <br />recent years <br />• Entertainment and fitness are growing and account for a greater portion of <br />conventional retail space <br />Economic & Planning Systems Trestle Strategy Group <br />McCaslin Area Development Study 4 <br />RETAIL DEVELOPMENT HISTORY <br />• Centennial Valley was first <br />major retail center built <br />between Boulder and <br />Westminster (1993) <br />• Substantial retail development <br />occurred between 2000 to 2005 <br />in Superior and Broomfield <br />creating major competition with <br />greater access and visibility to <br />US-36 <br />• Regional retail development <br />since 2005 has shifted to <br />Boulder, US 287 and 1-25 <br />following new housing <br />development <br />Economic & Planning Systems Trestle Strategy Group <br />• <br />Major Shopping Centers <br />Year Built <br />• Before 2000 <br />2000 to 2005 <br />• After2005 <br />Louisville <br />McCaslin Area Development Study 5 <br />3 <br />