Association members are delighted that planners have turned down an application by developers to build a unit at Bridgewater Park which would accommodate the biggest Tesco store in Ireland.
But they are refusing to be triumphalist over the decision, instead opting to underline their dedication to working with both Tesco and the Bridgewater developers to ensure Banbridge continues to thrive.
"Yes we are pleased with the result, but we are more concerned now with moving the town on into the future," said spokesperson Joe Quail.
Mr Quail said the first thing the Association wanted to do was form a Chamber of Commerce and invite Tesco to take a place on it.
"We have always supported the expansion of the current Tesco store, for which there is already planning permission granted, but we could never back the development of the biggest Tesco in Ireland on the outskirts of Banbridge," he said.
"The decision to refuse the development has, we believe, secured jobs in the town centre.
"It's already been proved in England that whenever a big store such as this opens at an out-of-town site the town centre loses approximately 273 jobs.
"If Tesco expanded their Castlewellan Road store it would prove mutually beneficial for them and the town centre especially now a better link is being proved with the enhancement of Solitude Park."
Mr Quail again underlined the Association's vision for moving Banbridge forward with itself, Tesco and Bridgewater Park all working in unison.
"Yes as traders we could do more for Banbridge and that is something we will have to look at," said Mr Quail.
"But you don't develop Banbridge by creating two town centres. We want to see industry at Bridgewater Park because the town badly needs it, we've lost the shoe factory and you can only build so many houses without creating more employment.
"Without the money from those jobs no-one has money to shop at any store. We need to all work together to ensure Banbridge continues to thrive."
Mr Quail thanked all those people who have supported the traders' campaign including local community groups, councillors, MLAs and customers.