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.
- Vegas, Poinsettia bowls or bust 2:01 a.m.
- Wildcats face tough defense 1:59 a.m.
- Aggies look to Idaho for an example 1:58 a.m.
- Aggies host Southern Utah 1:53 a.m.
- Cougars turn back Wildcats' 1:44 a.m.
- Cougar women lose at home 1:41 a.m.
- Sloan's two point guard lineup 1:39 a.m.
- BYU football: 5 keys to victory 1:36 a.m.
- RSL's Movsisyan departs 1:36 a.m.
- Glover gives Utes last-second upset 1:27 a.m.
- BYU would like friendlier rivalry
264 - Protests against Phoenix LDS temple
211 - Thunder rolls by Jazz
136 - Letters: Rushing to judge Palin
133 - Boys basketball rankings
128 - Editorial: Poor welcome for Palin
112 - Man trapped in Nutty Putty cave dies
109 - Letters: Trump card for believers
93 - Rivalry Week is highly profane
84 - Utah, BYU are top choices for bowls
75
If you're shopping online for gifts, take care. While there are some...
"You are the very epitome of self-indulgence liberal crassness. You care...
I thought it was a great parade. Isn't it the only one in Salt Lake County?...
is struggling in some aspects of his game. We saw what he did last year early...
Having explored caves as a youth and spent 31 yrs working occasionally...
How do the Utes continue to do this? They are bad enough to lose to lousy...
A little help here. Harmon says Utah should be on a 3-0 win streak. I assume...
disgruntled parents need to stay off the blogs...
Honk if you intercepted Max Hall.
however it pertinent to look at their schedule and then look at ours. Because...
and there are no ute fans, only bandwagon fans, nice try though


