Retail Gap Analysis shows room to grow in ‘healthy retail market’

“A healthy retail market with room to grow” is how the Town of Sylvan Lake describes the findings of its 2015 Retail Gap Analysis.

  • Aug. 13, 2015 9:00 a.m.

“A healthy retail market with room to grow” is how the Town of Sylvan Lake describes the findings of its recently completed 2015 Retail Gap Analysis.

The analysis identifies a number of retailers both regionally and nationally that are considered to be target tenants for the Sylvan Lake market in the areas of groceries, personal services such as phone and Internet, home furnishings and accessories, and clothing.

It also shows that of the retail expenditures in town, 13 per cent comes from visitors, with inflow spending benefitting restaurants, alcohol and tobacco vendors and specialty retail.

The town’s occupied retail space totals around 551,000 square feet, or about 38 square feet per capita. That comparatively high statistic, the analysis states, indicates Sylvan Lake “has become more self sufficient for retail, with less reliance on Red Deer for shopping basics.”

It also states that the majority of retail in Sylvan Lake is situated in the east side of town, noting that more may be needed on the west side in the future to accompany growing residential development.

Mayor Sean McIntyre said he feels the analysis will prove beneficial in attracting new business to town.

“The Retail Gap Analysis helps provide direction and provides assistance to our economic development officer in recruitment efforts in attracting business to the community that will meet short- and long-term needs of residents,” he said.

The first phase of the analysis, conducted for the Town by MXD Development Strategists, can be viewed online at

Just Posted

PHOTOS: Sylvan Lake Curling clubs hosts Men’s Bonspiel

The second annual event was held Jan. 11-13.

Snowfall adds some delay to morning commute

The QE2 and area road conditions in central Alberta were partly snow covered

Sylvan Lake council approves concept design for Pogadl Park

The next step is a project plan for “Phase One” construction

Hard fought win for HJ Cody senior boys Lakers

Lakers took on Camrose Jan. 10 at home and waked away with a 76-65 win

Hope restored: Sylvan Lake resident receives kidney donation from younger sister

Sylvan Lake’s Lexie Libby undergo an operation for a new kidney, donated by her sister Emma.

VIDEO: Students in MAGA hats mock Native American at Indigenous Peoples March

Diocese in Kentucky says it is investigating the matter, caught on video by onlookers

WATCH: Team Alberta in Red Deer this weekend to prepare for Canada Winter Games

About 250 Team Alberta athletes toured venues and tested out facilities Saturday

CONSUMER REPORT: What to buy each month in 2019 to save money

Resolve to buy all of the things you want and need, but pay less money for them

Anxiety in Alaska as endless aftershocks rattle residents

Seismologists expect the temblors to continue for months, although the frequency has lessened

Women’s March returns across the U.S. amid shutdown and controversy

The original march in 2017, the day after President Donald Trump’s inauguration, drew hundreds of thousands of people

Ponoka cowboy Vernon (Bud) Butterfield passes away

The Ponoka Stampede Association announced his passing Friday

Rare ‘super blood wolf moon’ takes to the skies this Sunday

Celestial event happens only three times this century

Ponoka RCMP are looking for a missing man

Police say he may be in Drayton Valley and they are worried for his wellbeing

Most Read