THE MARKET

LOS ANGELES: THE CAPITAL OF NOW.

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Throughout history, certain cities have defined the times and launched the unforgettable
ideas that have transformed global culture. Los Angeles is a melting pot of cultural diversity,
the nation’s connection to Asia, the epicenter of the entertainment industry around the world,
and a birthplace of innovation in the automotive, aerospace, pharmaceutical and technology
industries. It’s the place that will define what we watch, eat, wear, drive and buy.
If you’re launching or growing a product or brand, you must win LA.

LA DMA: The Numbers

Population

Total Population: 18 million
Total Households: 5.8 million

• Los Angeles is home to almost half of California’s total population, and more
  than the San Francisco and Chicago DMAs combined.
• In the next five years, total population is expected to increase by 1.3 million
  consumers. By 2030, it’s expected to increase to more than
  23 million people
• Los Angeles is home to the largest percentage of foreign-born citizens of any
  major U.S. city after Miami
• Los Angeles is the top DMA for the Hispanic population in terms of population,
   households, buying power and retail sales


Retail Sales

• Los Angeles is by far the state’s largest retail sales market and ranks in the top 2
  for all national retail sales and consumer spending categories
• 2008 taxable retail sales in the DMA totaled more than $294 billion (#2 overall)
• If the LA DMA were a nation, it would rank 16th in terms of GDP
• Over the next 5 years, retail sales are projected to grow by 24%; faster than
  New York (13%) or Chicago (10%)


Top Retail Sales Categories
Motor Vehicles & Parts Dealers
Gasoline Service Stations
General Merchandise
Furniture, Furnishings, Electronics & Appliances
Department Stores
Food & Beverage
Grocery
Food Services & Drinking Places
Building, Garden Materials & Hardware
Clothing & Accessories
Health & Personal Care


Sales
66 billion
24 billion
34 billion
21 billion
20 billion
37 billion
34 billion
29 billion
26 billion
17 billion
12 billion


DMA Ranking
#1
#1
#1
#1
#1
#2
#2
#2
#2
#2
#2


Sources: Demographics USA, 2008; State of California, Department of Finance,
Population Projections, July 2008; US Census Bureau; 2008-2009 Economic Forecast
and Industry Outlook, Los Angeles Economic Development Corp.
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