Strange Surprises Are on This Top 10 List New England and New York Made About Shopping
We've all self-soothed a bad day with retail therapy. We've also treated ourselves with retail therapy. Many of us can rationalize retail therapy for just about anything.
Learning that New York City and Boston made the top 10 list of cities for best retail therapy is zero surprising. We have world-class shopping in both cities and surrounding suburbs in their metro areas from high-end, to discount, chain shopping, and local boutiques.
However where New York City landed and what cities are on this list is a bit of a surprise for sure.
For the most part, the website Very Well Health sums up retail therapy perfectly.
It's motivated by a desire to feel better rather than to meet a need, like grocery shopping. This activity may also be called comfort buying, stress shopping, or compensative buying. Retail therapy doesn't have to be a guilty pleasure, though. It can be a relaxing, empowering experience on occasion.
The downside for a lot of us is exactly how much we actually spend during these retail therapy sessions. While it releases endorphins and makes us temporarily feel better, that credit card bill can change everything.
So what cities see a boost in their economy, so to speak, because of retail therapy?
Surprisingly, the top 10 feel out of order. In some cases, I'm surprised by a couple of the cities on this list, while there are some I expected to see, like Boston, which is #4.
Storage Cafe conducted this study. To pinpoint the top metro areas offering the most satisfying and enjoyable shopping experiences, criteria included the following, according to the website.
- Number of retail establishments per 1,000 residents
- Number of retail employees per 1,000 residents
- Retail square footage per capita
- Local foot traffic
- Household income
- Household expenditures on retail purchases
- Interest in luxury brands as illustrated by online searches
- Population density
Drum roll, please?
Miami
Largest number of retail stores per 1K residents.
Atlanta
Inexpensive with a solid price range.
St. Louis
The most retail space per capita.
Denver
The most clothing and sporting goods outlets.
Boston
No sales tax on clothing.
Minneapolis
Avoid crowds.
Los Angeles
2nd highest number of places to shop in the country.
Dallas
Hefty household income per capita.
New York City
2nd best for store-to-shopper ratio and most luxury brands.
Tampa
Residents spend a lot comparatively.
Of course, if you want a deeper dive into why each place landed where it did, click here.
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