Downtown Federal Way
Downtown Federal Way has 11 miscellaneous retail establishments. Six of these stores are locally owned, and five are national retailers. The local retailers are comprised of one picture frame shop, one pet store, one florist, one glass store; one used clothing store, and two tobacco stores. The national retailers are comprised of two pet stores, one party supply store, and one gift shop.
The majority of products supplied by this industry are discretionary items. A rise in household disposable income increases the propensity of consumers to purchase these goods, leading to growth in demand. However, recent numbers from the 2017 American Community Survey for Federal Way illustrate increases in Per Capita Income; and while forecasters are expecting increase in 2018, the marketplace has yet to provide insight on potential opportunity for the industry.