Economy of Metropolitan Detroit - Retail

Retail

See also: List of shopping malls in Michigan

Metro Detroit has many chain retailers and super regional shopping malls, in both upscale and outlet style venues, which are located throughout suburban municipalities such as Troy, Novi, Auburn Hills, Sterling Heights, and Dearborn. In the 2000s, some older malls closed, while some inner-ring suburban malls have been remodeled. Others have a new role with "big box" establishments. During the same decade, upscale lifestyle centers appeared in Detroit suburbs, most nobably The Mall at Partridge Creek in Clinton Township. Several suburban municipalities, including Birmingham, Royal Oak, Rochester, and Grosse Pointe, contain their own street-side shopping districts.

Many local merchants and restaurants are located within the Detroit city-limits including Lower Woodward Avenue Historic District, Greektown Historic District, the Renaissance Center, and those in the Eastern Market Historic District; however, the city of Detroit has few big chain retailers. A 2007 Selzer and Co. poll found that nearly two-thirds of suburban residents said they occasionally dine and attend cultural or professional sporting events in downtown Detroit. The Fairlane Town Center, a super-regional shopping mall in Dearborn, is about 15-minutes from downtown Detroit.

A 2007 Social Compact report showed that city of Detroit residents spend about $1.7 B annually in the suburbs for retail goods and services. As of 2009, "big box" super-centers have yet to open stores within the city limits of Detroit. In August 2009, the Meijer chain of super-centers announced it would open its first store within the city limits at the $90M Shoppes at Gateway Park. In April 2009, developers announced they had leased 60 percent of the retail space for a planned $90 M open-air mall, the Gateway Marketplace, to be located within the city-limits of Detroit.

The city of Detroit has four Starbucks coffee shops which face Michigan based competitors Coffee Beanery and Biggby Coffee. The city's major bookstore is Wayne State University Bookstore, leaving an opening for a major book store chain. New car dealerships have migrated to the suburbs.

Read more about this topic:  Economy Of Metropolitan Detroit

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