The Way I See It!

City of Cudahy Retail Marketing Analysis Final Report

Posted by Randy Hollenbeck on May 14, 2010

Cudahy, Development, Iceport, Lara Fritts, CDA, Retail, Retail Marketing Analysis

Not sure where the city link is to the full report since the condensed version on the city site doesn’t give you the proper information.  Ms. Fritts could you please be so kind and put up that link as well.

Here are just a few things from the report.

Final Retail report page 17

“Within the City of Cudahy, very few retail centers are present.  With the lack of major big-box retail anchors such as ShopKo, Wal-Mart, Home Depot or Kohl’s in the City, especially in the northern portion of the City, very few smaller retailers exist which rely on large anchor retailers to generate customer traffic.”

Final Retail report page 18

“As a result, an opportunity may exist for a large scale retailer to enter the local market due to the void of major big-box / anchor retailers in the City.”

Final Retail report page 24

“Within 5-mile radius of the City of Cudahy, centered on the Ice Port Site, it was concluded that regional big box retailers / other general merchandise stores are underserved.”

Final Retail report page 26

“As a big box / anchor retailer such as ShopKo, is one of the key retail sectors of opportunity for Cudahy”

Final Retail report page 42

“The attraction of a big box retailer will bring an additional 75,000-125,000 square feet of retail space to the Cudahy market and further drive momentum and interest in retailing in Cudahy.”

Final Retail report page 51

“A catalytic project is one that would include a mix of uses that are currently underserved in the market, be anchored by an “A-list” retailer, bring additional regional / national retailers.  Include community amenities and gathering spaces, and become a draw for retailer shoppers to Cudahy.

We have titled this catalytic project the “Cudahy Village Center” because in order to be successful in competing with neighboring retail centers, Cudahy must position itself as offering more than just a shopping experience.  The Village Center will include major national retailers, along with local retailers and full service dinning.  The Center will also boast green development, community gathering places, and linkage to the cultural and recreational amenities of Cudahy.”

Final Retail report page 52

“Coupled with the interview and survey results, supports the concept of a big box retailer anchored center.

There are a number of supporting retail uses that often locate alongside these anchor retailers in either neighborhood service strip malls or on standalone out parcels and would be expected to be included in this Village Center project.  Among those uses are:

Shoe stores

Clothing stores

Electronics/appliance stores

Full service dinning

Furniture and home furnishing”

Final Retail report page 53

“It is our recommendation that the Iceport site be used for the catalytic Village Center project.”