STORE FRONT INDEX
What Is a StoreFront Business?
Store Front businesses are the heartbeat of the local economy – the shops that line the main streets and side streets of the local community. It’s the convenience store, dry cleaner, fitness center, hardware store, home remodeler, coffee shop, local restaurant and watering hole, the hair salon. The PYMNTS Store Front Business Index™ has assembled data on each and every one of these businesses across the U.S. and measures their vitality every single quarter. Think of it as your window into the health of this vital sector every 90 days.
MARCH 2017 PYMNTS.com Store Front Index™
KEY FINDINGS INCLUDE:
Fitness companies emerged on top in this quarter’s index with a growth rate of 6.0 percent. They were followed by building contractors/remodelers and personal services, both of which grew by 3.9 percent.
Main Street USA now boasts 3.4 million store fronts, a projected 2.1 percent growth since Q3 2016.
For a second quarter in a row, Mountain and Southern states continued to grow at the fastest rate. The two regions grew by 3.9 percent and 3.6 percent, respectively in Q2 2016.