Due to Ringwood’s position as a junction between Melbourne, Lilydale and Ferntree Gully, and roads linking Warrandyte and Dandenong, it was inevitable that the area would develop as a centre of commerce.
Shops began to appear in Main Street Ringwood from the late 1800s. The advent of the railway, and the construction of the station concentrated development generally between Warrandyte Road and Ringwood Street.
The 'ribbon development' of Ringwood moved westward in the 1950s with development of the Olympic Shopping Centre on the site of the Old McClellands Ringwood Market and the Drive-In Shopping Centre (now Murray Place).
Development came back east with the opening of Eastland Shopping Centre on the former Ringwood Football Ground, although the later development of Ringwood Square, now Centro Ringwood, on the corner of Maroondah Highway and New Street, still stretched the centre out.
As well as being one of the dominant retailing centres of Melbourne, Ringwood has also had a prominent presence in the automotive trade and service businesses.
These early businesses developed alongside the orchards, mines and industries that first established Ringwood.