Thursday, May 3, 2012

Market Feasibility

There are currently 2 Wal-Mart stores in the Irving city limits. The traffic count at 4100 W Airport Fwy Irving, TX is high during peak store hours, thus creating long lines and severly under stock shelves. The other location in Irving is 10 miles away. With the future Cross Roads development (old Texas Stadium site) in the works, there will be an increased population. Therefore, there is a projected demand for a 3rd Wal- Mart in Irving, TX.















What current customers are saying about the Wal-Mart at 4100 W Airport Fwy location:



Irving Demographics

2012 Snapshot

Population

2012 Population Estimate (NCTCOG)
2010 Population (Census)
Growth Rate: 2000 - 2010
2012 Dallas County Population (NCTCOG)
Dallas/Fort Worth Metro (CMSA) Population (2010)
City Population Rank - County
City Population Rank - State
City Population Rank - Nation
218,850
216,290
12.9%
2,385,990
6,283,310
3rd largest
13th largest
94th largest

Age Characteristics

Median Age (2010 Census)
Male/Female (2010 Census)
31.3
100 males per 100 females

Race/Ethnicity

Racial Breakdown (2010 Census)
White- 53.1%
Black- 12.3%
Asian- 14.0%
American Indian - 0.9%
Pacific Island - 0.1%
Other- 16.2%
2+ races- 3.5%
Percent Hispanic (2010 Census)
41.1%
Combined Race and Ethncity (2010 Census)
White, NH - 30.8%
Black, NH - 11.8%
Asian, NH - 13.9%
American Indian, NH - 0.4%
Pacific Island, NH - 0.1%
Other, NH - 0.2%
2+ races, NH - 1.7%
Hispanic, any race - 41.1%

Income/Employment

Median Household Income (2008-10 ACS)
Median Family Income (2008-10 ACS)
Unemployment Rate (Dec 2011, TRACER)
$46.354
$50,609
6.8%

Top Eight Private Employers (alpha order)

The Greater Irving-Las Colinas Chamber of Commerce-2011
Abbott Laboratories
Allstate Insurance Company
Baylor Healthcare
Citigroup Inc.
Irving Mall
NEC Corporation of American Inc.
Nokia Corporation
Verizon Corporation  (10,500)




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