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The state of local retail 2020: Indianapolis, IN.


We analyzed transactions for every day of the 2019 calendar year at over 40,000 local retail businessses across the United States, including Indianapolis. 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 Indianapolis retail businesses.

2020 has been a challenge for local businesses across the U.S., and there's no question that local retailers in Indianapolis 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 Indianapolis retail business saw total consumer spending from April through October, 2020 increase 10% compared to the same timeframe in 2019. Additionally, 17% of retailers in Indianapolis 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 Indianapolis make on an average day?

On a given day, retail shops in Indianapolis brought in $868 in revenue. On a typical day, the average retail business also processed about 10 transactions while seeing customers spend an average of $86.01 per ticket.

Sales Revenue Transactions Ticket Size
$868 10 $86.01
     

 

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

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

Fridays were particularly big, as 19% of all retail revenue in Indianapolis came in on that day alone. On the other hand, Sunday was the slowest day of the week for Indianapolis retail shops, with 6% of revenue coming in on that day.

 

Saturday was the busiest day of the week in terms of foot traffic, with Indianapolis retail businesses processing an average of 14 transactions per day.

 

 

Indianapolis locals spend more per transaction on weekdays, with Mondays claiming the largest average ticket size of the week at $95.03 per ticket. Locals are the most frugal on Sundays, when they spent an average of $30.59 less than on Mondays.

 

 

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

Indianapolis 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 Indianapolis? Let's take a look.

 

Top 5 days for Indianapolis retail businesses.

#1 #2 #3 #4 #5

9/26/19

3/1/19

12/14/19

2/27/19

11/29/19

Black Friday

Thursday Friday Saturday Wednesday Friday

 

Indianapolis 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 360 -75.50% 33% $513 -41.00% 6 -37.50% $81.27 -5.50%
Super Bowl Sunday 354 -67.20% 45% $508 -41.50% 9 -11.80% $57.02 -33.70%
Valentine's Day 23 44.90% 91% $1,109 27.70% 12 17.90% $93.20 8.40%
St. Patrick's Day 316 -54.10% 50% $647 -25.50% 8 -16.60% $76.92 -10.60%
Easter Weekend 8 63.70% 98% $1,171 34.90% 14 37.50% $84.39 -1.90%
Easter Weekend 100 21.20% 78% $1,079 24.20% 16 57.90% $67.69 -21.30%
Easter Sunday 364 -86.60% 22% $434 -50.10% 11 4.20% $41.21 -52.10%
Cinco de Mayo 315 -53.80% 50% $651 -25.10% 10 3.50% $62.30 -27.60%
Mother's Day Weekend 11 57.10% 95% $1,159 33.50% 13 33.60% $85.90 -0.10%
Mother's Day Weekend 73 28.40% 84% $1,069 23.10% 16 53.70% $68.90 -19.90%
Mother's Day 361 -76.10% 43% $387 -55.40% 8 -24.40% $50.67 -41.10%
Memorial Day Weekend 39 36.80% 98% $979 12.70% 12 16.50% $83.23 -3.20%
Memorial Day Weekend 219 -1.90% 74% $925 6.50% 15 45.20% $63.13 -26.60%
Memorial Day 335 -60.60% 40% $693 -20.20% 11 5.50% $65.08 -24.30%
Father's Day Weekend 82 25.10% 99% $887 2.10% 11 9.40% $80.23 -6.70%
Father's Day Weekend 220 -2.00% 77% $889 2.40% 12 23.60% $71.27 -17.10%
Father's Day 324 -55.60% 47% $658 -24.20% 11 5.00% $62.07 -27.80%
27th of July 341 -61.10% 41% $667 -23.20% 12 16.30% $56.77 -34.00%
Labor Day Weekend 51 34.50% 93% $1,008 16.10% 12 22.40% $81.59 -5.10%
Labor Day Weekend 63 30.20% 77% $1,181 36.00% 15 45.90% $80.17 -6.80%
Labor Day 330 -58.30% 37% $793 -8.70% 11 7.50% $73.03 -15.10%
Halloween 263 -11.70% 82% $753 -13.30% 9 -14.60% $87.28 1.50%
Thanksgiving Eve 98 21.70% 83% $1,020 17.40% 12 17.60% $85.85 -0.20%
Thanksgiving 363 -86.40% 16% $604 -30.50% 8 -20.50% $75.15 -12.60%
Christmas Eve 227 -3.10% 63% $1,070 23.20% 13 30.20% $81.39 -5.40%
Christmas Day 365 -94.00% 10% $410 -52.80% 4 -59.00% $98.98 15.10%
New Year's Eve 294 -21.50% 70% $787 -9.30% 9 -7.70% $84.45 -1.80%

Methodology

Womply analyzed daily revenue for over 40,000 retail shops in all 50 states, including Indianapolis, 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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