Understanding future store performance is critical to opening a successful location. Take a look at these three Whole Foods Market locations. Which one do you think generates the most revenue?
Location 1: Highland Park, Dallas – 4100 Lomo Alto Dr Dallas, TX 75219
Location 2: Downtown Austin, TX – 525 N Lamar Blvd Austin, TX 78703
Location 3: Midtown, Houston – 515 Elgin St, Houston, TX 77006
You can sign up for a free trial of Locate’s Revenue Tracker here to see the winner.
A few things to think about before you make your pick…
Today’s top retailers are no longer selecting a site just because it’s in the hub of a commercial district. Instead, they focus on powerful and granular data about consumer behaviors, which analyzes the people walking by, driving by, and working around each location. Below, you can compare the immediate area around each site to all other retail sites within its city.Location 1: Highland Park Dallas, TX (4100 Lomo Alto Dr)
Highland Park is a town in central Dallas County, Texas. It is known to be one of the most affluent neighborhoods in Texas, hosting the upscale Highland Park shopping village and the exclusive Dallas Country Club. Located in a residential neighborhood, this Whole Foods Market location is nestled between luxury condos and apartments, across the street from Craddock Park, a popular spot for local families and dog owners.
Location 2: Downtown Austin, TX (525 N Lamar Blvd)
It’s no secret that Austin is one of the fastest growing cities in America and its downtown has especially experienced increasingly high development activity. This location is Whole Foods Market’s headquarters where the first store opened in 1980, making the flagship store iconic to locals in the area. Positioned in the heart of downtown, at one of the busiests intersections of central Austin, it is surrounded by buzzing retail, office space, and growing residential communities.
Location 3: Midtown Houston, TX (515 Elgin St)
Midtown is a central neighborhood in Houston, located west-southwest of downtown. Because this area borders the business center of Houston, it attracts a strong workforce of young professionals, looking to rent in an area with an urban feel. This location is one of Houston’s newest Whole Foods Market locations. The store is 40,000 square feet, provides 334 parking spaces, and has 145 full and part-time team members. Surrounding this site you’ll notice residential communities with plenty of bars, restaurants, coffee shops, and parks.
