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The state of local retail 2020: Detroit, MI.


We analyzed transactions for every day of the 2019 calendar year at over 40,000 local retail businessses across the United States, including Detroit. The result is a comprehensive look at when local retail businesses make the most money, when they process the most transactions, and when customers tend to spend a little extra when they're out shopping.

The impact of COVID-19 on Detroit retail businesses.

2020 has been a challenge for local businesses across the U.S., and there's no question that local retailers in Detroit have faced unprecidented challenges all year.

So before we take a look back at 2019, it's important to keep in mind the impact that COVID-19 has had on local retailers. According to our data, the average Detroit retail business saw total consumer spending from April through October, 2020 increase 18% compared to the same timeframe in 2019. Additionally, 12% of retailers in Detroit that were transacting before the pandemic hit were closed as of the last week of October.

Our research has shown that some types of retail businesses have fared quite well during the pandemic (sporting goods stores, home improvement stores, etc.), while others (clothing stores, book stores, etc.) have struggled. Whether a local retail business has struggled or thrived through 2020, this report gives insight on which days and months will be extra important for retailers in this unpredictable year.

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How much do retail shops in Detroit make on an average day?

On a given day, retail shops in Detroit brought in $756 in revenue. On a typical day, the average retail business also processed about 12 transactions while seeing customers spend an average of $63.73 per ticket.

Sales Revenue Transactions Ticket Size
$756 12 $63.73
     

 

What days of the week are retail shops in Detroit busiest?

Fridays and Saturdays are busy at retail shops across the country, and things were no different for Detroit retail businesses.

Fridays were particularly big, as 19% of all retail revenue in Detroit came in on that day alone. On average, only 44% of retailers keep their doors open on Sundays in Detroit, making it easily the slowest day of the week overall.

 

Among the businesses who did keep their doors open, Saturday was the busiest day of the week in terms of foot traffic, with Detroit retail businesses processing an average of 15 transactions per day.

 

 

Detroit locals spend more per transaction on weekdays, with Mondays claiming the largest average ticket size of the week at $66.58 per ticket. Still, average ticket price remains fairly consistent throughout the week except for Sundays, when they spent an average of $14.24 less than on Mondays.

 

 

What time of year do retail shops in Detroit make the most money?

Detroit locals clearly love to shop regardless of the season, but what does the average year look like from week to week at retail shops in Detroit? Let's take a look.

 

Top 5 days for Detroit retail businesses.

#1 #2 #3 #4 #5

2/14/19

Valentine's Day

5/11/19

Mother's Day Weekend

5/10/19

Mother's Day Weekend

11/29/19

Black Friday

12/20/19

Weekend before Christmas

Thursday Saturday Friday Friday Friday

 

Detroit retail shops on prominent days.

Retail shops look to events and holidays to generate big sales for their business. Here’s how prominent days rank compared to the average day.

  Day rank based on total sales How much did restaurants that were open make?
Day Day Rank Total rev vs avg % of restaurants open Avg rev Rev vs avg Avg txns Txns vs avg Avg ticket Ticket vs avg
New Year's Day 363 -74.90% 25% $622 -17.70% 8 -31.90% $76.98 20.80%
Super Bowl Sunday 350 -63.30% 44% $515 -31.80% 10 -12.60% $49.71 -22.00%
Valentine's Day 1 176.10% 91% $1,890 150.10% 33 177.40% $57.46 -9.80%
St. Patrick's Day 331 -55.90% 44% $624 -17.50% 11 -5.40% $55.63 -12.70%
Easter Weekend 10 58.40% 95% $1,037 37.20% 16 37.50% $63.61 -0.20%
Easter Weekend 32 33.90% 83% $1,010 33.70% 18 48.80% $57.25 -10.20%
Easter Sunday 356 -64.40% 26% $853 12.90% 21 73.90% $41.38 -35.10%
Cinco de Mayo 319 -51.50% 50% $608 -19.50% 13 6.30% $48.28 -24.20%
Mother's Day Weekend 3 98.60% 98% $1,268 67.80% 21 77.90% $60.10 -5.70%
Mother's Day Weekend 2 127.50% 87% $1,639 116.90% 30 149.90% $55.30 -13.20%
Mother's Day 33 33.90% 50% $1,659 119.50% 39 227.30% $42.74 -32.90%
Memorial Day Weekend 27 35.00% 98% $857 13.40% 14 16.70% $61.91 -2.80%
Memorial Day Weekend 116 12.70% 81% $868 14.90% 15 24.70% $58.73 -7.80%
Memorial Day 353 -63.60% 33% $694 -8.20% 15 27.40% $45.91 -28.00%
Father's Day Weekend 24 38.10% 100% $861 14.00% 14 21.50% $59.78 -6.20%
Father's Day Weekend 78 21.50% 88% $862 14.10% 15 26.10% $57.65 -9.50%
Father's Day 315 -47.90% 47% $693 -8.20% 15 23.40% $47.38 -25.70%
19th of July 342 -59.50% 34% $733 -3.10% 14 21.10% $51.02 -19.90%
Labor Day Weekend 12 52.70% 93% $1,023 35.40% 15 29.60% $66.53 4.40%
Labor Day Weekend 66 23.60% 74% $1,039 37.50% 17 42.30% $61.56 -3.40%
Labor Day 323 -53.00% 33% $900 19.10% 15 30.30% $58.27 -8.60%
Halloween 262 -8.80% 87% $657 -13.10% 9 -21.60% $70.68 10.90%
Thanksgiving Eve 11 53.90% 89% $1,076 42.40% 13 12.70% $80.55 26.40%
Thanksgiving 364 -77.50% 23% $600 -20.60% 11 -6.80% $54.30 -14.80%
Christmas Eve 46 30.20% 67% $1,207 59.70% 17 45.10% $70.12 10.00%
Christmas Day 365 -90.80% 12% $471 -37.70% 9 -20.90% $50.19 -21.20%
New Year's Eve 237 -4.70% 75% $796 5.30% 12 1.60% $66.09 3.70%

Methodology

Womply analyzed daily revenue for over 40,000 retail shops in all 50 states, including Detroit, as well as the District of Columbia for all 365 days of the 2019 calendar year. Retail businesses were only included in the analysis if they qualified as small businesses, Womply had a full year of transaction history, and the business recorded multiple transactions per day, on average.

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