From Deseret News archives:
Retail growth: STORES Magazine's Hot 100 list shows Beehive State is luring 'status' stores
Sixty-four of the companies on STORES Magazine's Hot 100 Retailers list have a presence in Utah, and four more will soon open their doors here. Those four, as well as several others on the list that have recently set up shop in Utah, demonstrate the state is luring attractive retailers.
The appearance of "status retailers" in Utah can be viewed as an endorsement of the state's growth and diversification over the past decade, said Pam Perlich, an economist with the University of Utah's Bureau of Economic and Business Research.
"We have the fastest employment growth in the nation. The prospect into the long term is that the area will continue to grow," Perlich said. "I have a tremendous amount of optimism about the future of this place, and I guess a lot of these companies do, too."
By the end of the year, Urban Outfitters (No. 76 on the magazine's list) will be open in The Gateway. Fashion Place Mall will host a Cheesecake Factory (No. 83 on the list.) And a Sport Chalet (No. 69 on the list) will open at Jordan Landing.
Cabela's, No. 58 on the list, opened in Lehi two years ago, and IKEA, not on the list but certainly a coveted retailer in any community, located in Draper this spring. Also, hip retailer American Apparel will begin selling its trendy clothes for young adults at Trolley Square this fall.
STORES magazine is the official publication of the National Retail Federation, the largest retail trade association in the world. For its Hot 100 list, editors ranked public companies with more than $100 million in sales that reported the greatest year-over-year revenue percentage growth.
Eleventh-ranked Chipotle Mexican Grill opened its second Utah store in the Fort Union area this month, after opening a West Bountiful location earlier this year. Two more grills are on tap to open by early next year, one in Salt Lake City and another in Sandy.
"Utah has a really great young, vibrant, educated population, and that's the kind of demographic we try to reach," company spokesman Chris Arnold said.
Demographics are vital when retailers look to locate in an area, said Perlich, who is sometimes contacted by retailers exploring the idea of locating in Utah who want specific information about different areas of the state.
Recent comments
Now we just need to convince In and Out Burgers to com e here...
Anonymous | Sept. 26, 2007 at 11:16 p.m.
I'm so excited, finally Utah is starting to grow. I can't wait for...
Anonymous | Sept. 26, 2007 at 8:55 p.m.
So, where is Crate and Barrell?
emjay | Sept. 26, 2007 at 8:53 p.m.
- Nude bathers cited for lewdness 7:14 p.m.
- Herbert rethinking campaign limits 6:57 p.m.
- SUU museum to honor local artists 6:38 p.m.
- Sub. teacher charged with sex abuse 6:33 p.m.
- Doctor calls Mitchell 'naive,' 'inept' 6:16 p.m.
- Photos: Warming soles 6:10 p.m.
- Eagles, Reid agree to extension 5:52 p.m.
- Ashanti's mom gets lewd messages 5:49 p.m.
- Corbin Bleu to join 'In the Heights' 5:48 p.m.
- Hollywood breaks revenue record 5:47 p.m.
- Hot Rod behind mic for Lakers
- Cougars use depth to beat ASU
- Max Hall wants to look ahead
- Non-BCS schools not given fair shot
- Panel passes BCS playoff bill
- Doctor calls Mitchell 'naive,' 'inept'
- Palin signs books, chats with fans
- Small plane crashes near Lehi
- Snow brings big chill
- Jazz go up against 'the best'
- Y. profs: Beck not all-knowing
291 - Letters: Global warming a lie
228 - TCU to play Boise in Fiesta Bowl
206 - BYU football: Bronco weighs in on Hall
178 - Cougars going back to Vegas
150 - Utah/BYU rivalry can be more civil
145 - Andersen apologizes for Jordan hoax
137 - George lost in rivalry hatefest
121 - Max Hall wants to look ahead
113 - Ed Smart 'appalled' at testimony
100
It's probably too late to get them to soldiers stationed overseas in...
Love him or hate him, Utah Sen. Orrin Hatch knows how to get attention.
In BCS-busting lore, having both an undefeated WAC team AND an undefeated MWC...
I am sorry you are so bitter about football and American culture. Get over...
Palin you go girl..... I hope when you become president you quit midstream...
Hello people, the BCS doesn't care about the MWC, WAC or any other non-AQ...
just what we all need. A street full of bars to take our families to.
All those other coaches won MULTILPLE championships, sloan has won nohing....
Reid might just end up being the Jerry Sloan of the NFL.
Classic film. classic
By the way these comments are Syracuse is like a fish out of water. Can't...
You just recently figured that out??? C'mon, what planet do you live on?


