Gross Taxable Retail Sales – June
- The “Top Ten” represent almost 60% of the
- The “Top Five” represent almost 30% of
- State-wide June increases for “major
cities” was 15.2%
- The “Top 10%” gainers
- South Jordan +95.6%%
- Vernal +43.9%
- Tooele City +39.8%
- Lindon +35.8%
June 06 Retail Sales – Top 20 Cities (Large
Monthly Filers Only)
|June 2006 Rank (05)
||City||April 2006 (000)
||% Change 06/05||Mkt Share
June 06 (% of Total)|
|1 (1)||Salt Lake
This Weeks Leads:
- Harkins Theatres
- Harkins Amusement Enterprises trades as Harkins
The 26-unit operates locations throughout AZ, CA,
CO, OK and TX.
The movie theatres occupy spaces of 59,000 sq.ft.
to 85,000 sq.ft. in
freestanding locations, malls, entertainment, lifestyle
and power centers.
Growth opportunities are sought throughout the
existing markets during the coming 18 months.
Typical leases run 15 years. Preferred cotenants
include Barnes & Noble, Borders and PF Chang’s.
Preferred demographics include a population of
150,000 within five miles earning $50,000 as the
average household income.
A land area of 10 to 14 acres is required.
For details, contact:
7511 East McDonald Drive
Scottsdale, AZ 85250
480-627-7777, Fax 480-627-7808
- Eddie Bauer
- Eddie Bauer Holdings, Inc. trades as Eddie Bauer
at 450 locations nationwide and in Canada.
The apparel stores occupy spaces 5,000 sq.ft. to
6,000 sq.ft. in malls, lifestyle centers and
Plans call for 20 openings nationwide and in Canada
during the coming 18 months.
The company also trades as Eddie Bauer Outlet
The stores occupy spaces of 6,500 sq.ft. to 8,500
sq.ft. in outlet centers.
Plans call for nine openings nationwide during the
coming 18 months.
For more information, contact:
Eddie Bauer Holdings, Inc.
PO Box 97000
Redmond, WA 98073-9700
- Hot Topic
- Hot Topic, Inc. trades as Hot Topic at 663
locations nationwide and in Puerto Rico.
The stores, selling apparel, accessories, gifts and
music targeted at teenagers 12 to 22,
occupy spaces of 1,500 sq.ft. to 1,800 sq.ft. in
lifestyle centers and malls.
Plans call for 40 openings nationwide and in Puerto
Rico during the coming 18 months.
Typical leases run 10 years with options.
The company also trades as Torrid at 120 locations
nationwide and in Puerto Rico.
The stores, selling apparel sizes 12 to 26, along with
accessories and shoes,
occupy spaces of 2,400 sq.ft. to 2,500 sq.ft. in
lifestyle centers and malls.
Plans call for 10 openings nationwide during the
coming 18 months.
For more information, contact:
Hot Topic, Inc.
18305 East San Jose Avenue
City of Industry, CA 91748
626-839-4681 Ext. 2792
Websites: www.hottopic.com or www.torrid.com.
- General Nutrition Centers trades as GNC.
The 5,000-unit chain operates locations nationwide
The stores, selling health foods, vitamins and
occupy spaces of 900 sq.ft. to 1,200 sq.ft. in malls,
specialty centers and downtown areas.
Growth opportunities are sought nationwide and
internationally during the coming 18 months.
Typical leases run five to 10 years. A vanilla shell is
Preferred demographics include a population of
35,000 within two miles.
For details, contact:
General Nutrition Centers
300 Sixth Avenue, 7th Floor
Pittsburgh, PA 15222
412-288-4600, Fax 412-288-2076
Web site: www.gnc.com
- Crate and Barrel
- Euromarket Design, Inc. trades as Crate and
Barrel at 100 locations nationwide.
- The stores, selling contemporary furniture and
housewares, occupy spaces of
12,000 sq.ft. to 40,000 sq.ft. in freestanding
locations, malls and specialty centers.
- Growth opportunities are sought nationwide
during the coming 18 months.
- Typical leases run 10 to 15 years with options.
- For more information, contact:
- Peter Rusnak
- Euromarket Design, Inc.
- 1250 Techny Road
- Northbrook, IL 60062
- 847-234-6433, Fax 847-272-6841
- Email: firstname.lastname@example.org
- Website: www.crateandbarrel.com.
- Bavarian Soft Pretzels, Pretzel Gourmet
and Treat Zone.
- J & J Restaurant Group, LLC trades as Bavarian
Soft Pretzels, Pretzel Gourmet and Treat Zone.
- The snack shops, selling gourmet pretzels,
occupy spaces of 150 sq.ft. to 600 sq.ft. in malls
and entertainment and outlet centers.
- Plans call for four openings throughout NJ, NY, OH
and PA during the coming 18 months. A vanilla shell
- Typical leases run five years. Auntie Anne’s and
Pretzel Time are cited as competition.
- For more information, contact
- J & J Restaurant Group, LLC,
West Roseville Road,
- PA 17601;
- Fax 717-299-1476;
Instant Messaging Gives Brokers An
Forget those up-to-the-minute football scores or
text messages from your brother. A growing number
of brokers working in the New York metropolitan
offices of CB Richard Ellis are using their mobile
wireless devices to retrieve up-to-the-minute market
data that could mean the difference between winning
and losing a deal.
The alerts are generated automatically based on
criteria set by the brokers. For instance, a broker
might request that news about a major corporate
client be sent to his BlackBerry, PDA or cell phone.
Another might ask to be notified immediately about
new commercial real estate listings in the Park
Avenue submarket. When a deal is under way, all
participating brokers receive updates on the status
of the transaction.
One goal is to begin using more unique data and
metrics generated by brokers. The idea is to
supplement outside data with on-the-ground
reporting from the brokers who know the market and
each individual asset.
Source: The National Real Estate Investor
Kohl’s vs. JCPenney: A Store-Opening
Contest to Capture the Middle Market
On Oct. 5, Kohl’s Corp. opened 65 new stores.
The following day, J.C. Penney Co. opened 20 new
locations of its own. In both cases, the moves
represented company records for the largest one-day
rollout. And it underscored the fact that the two
chains are waging a pitched battle to control the mid-
priced department store segment.
Both retailers are also redesigning stores with an
emphasis on fashion displays, ease of navigation and
more customer service. Retail industry analysts say
that the fight between the two chains is about luring
back fashion conscious consumers from boutique
Given the state of the department-store
business, neither chain can rely on growth in same-
store sales—expansion is essential, says Love Goel,
chairman and CEO of Minneapolis-based retail
investment firm Growth Ventures Group and former
COO of Federated Department Stores, Inc. “The
department store business is dying and what you
have to do in a dying business is get scale to be
profitable,” he says. “They cannot stand still
because they will die.”
By 2010, Kohl’s plans to increase its store count
to 1,200 from 817 and reach $24 billion in sales, up
from a projected $14.2 billion this year. The October
openings included locations in Boston, Tampa,
Dayton, Minneapolis, Las Vegas and Los Angeles.
JCPenney, on the other hand, expects to add about
50 stores a year through 2009 to reach its target of
1,191. The store will have about $19.1 billion in sales
The expansion plans seem to sit well with
investors. Shares in both companies chalked up 52-
week highs last week: Kohl’s hit $70.47 on Oct. 12
and JCPenney reached $73.30 on Oct. 13.
Morningstar analyst Kimberly Picciola says Kohl’s
has an advantage over JCPenney, because Kohl’s has
been in expansion mode for longer and has a greater
track record in operating standalone stores—a format
JCPenney is still working to master.
Going forward, 90 percent of JCPenney’s new
stores will be those in the 100,000-square-foot,
single-level, off-mall format. Kohl’s, meanwhile, is
looking for more urban locations.
Both chains are also trying to make store designs
trendier. Kohl’s new design features glass entrances
with fashion displays highlighting seasonal
merchandise. The retailer also opened a New York
design office last week that will track the latest
trends from the runway.
In August, Kohl’s also signed an exclusive
licensing agreement with designer Vera Wang for a
line of apparel and lifestyle products. This month,
JCPenney entered a similar venture with Liz Claiborne.
“Kohl’s certainly hopes that more emphasis on
fashion will bring in younger customers, as well as
those customers who buy their apparel at JCPenney
and maybe even at Macy’s,” says Kurt Barnard,
president of Nutley, N.J.-based Barnard Retail
Forecasting. “It will be a very interesting face-off.”
Source: Retail Traffic Online
June '06 Retail Sales - Lots of Ranking changes!
Plateauing: Redefining Success at Work - Part 3
|Plateauing: Redefining Success at Work - Part 3 (final)
Fewer Promotions, Fewer Pensions
Disappearing Flex Time
It's not clear how managers in organizations
might react to employees who redefine their positions
as jobs rather than as vocations or callings. "They
could worry that people simply decide to 'work to
rule,' -- i.e., do exactly what is specified and nothing
more," says Rothbard. "Companies are terrified of
that happening: They know things will break down at
that point because you can't specify everything that
has to be done in a particular job. But I think if
employees' identities are still tied up in their jobs,
this won't happen."
Another consideration is how to continue to
motivate people if none of the traditional rewards are
available -- such as a promotion or a bigger office. "A
company may, in fact, want employees to have other
sources of fulfillment, and so will try to build in things
that matter to them," says Rothbard. That could
include flex time, job sharing, job sabbaticals or the
sponsorship of charity events that are meaningful to
Some people question the sincerity of programs
like flex time or sabbaticals that let people pursue
interests outside of work. "I don't think companies
are paying a lot of attention to people's passions.
There are programs to address this but, frankly, it
doesn't happen that much," says Kaplan, who notes
that companies will try to institute flex time benefits
during times of economic growth, but "the minute the
crunch happens, then all those programs go away."
And even when companies implement such
procedures as flex time or job sharing, adds
Barsade, "it doesn't really address the bigger issues
of the tremendous amount of work people these days
are expected to do on the job."
One of those bigger issues relates to work/life
balance and job commitment. McGrath recently
taught an executive education course for women in
the middle management ranks of a pharmaceutical
company to explore "ways to build relationships with,
and support each other, as they attempted to take
on the next level of responsibility. It's because the
companies were finding that women were not willing
to step into the high-potential pool of employees" for
a number of different reasons, including in some
cases, wanting to make sure they had time for their
families. "These women were at the vice president
level. They weren't lacking in ambition and they
wanted to make a difference in their jobs. It was just
a question of, 'How much more responsibility can I
Rothbard continues to find it ironic that
employees who want to "opt out" of their jobs for a
short time get less pushback than women who want
flex time "so that they can pick up their children from
school at 4:30 instead of 5:30 every day." Rothbard
cites Arlie Hochschild's book The Time Bind, which
notes the exceptions available to high-potential men
who want to take a sabbatical and travel around the
world. In one chapter, Hochschild relates how two
men had asked their supervisor for time off to do
underwater photography of coral reefs. The
supervisor granted them an educational leave to
pursue their project. Why, the author asks, can't the
company offer flexible schedules to parents who
want to pick up their children early from daycare?
Rothbard also points to research on the
phenomenon of "multiple roles, and the fact that
there are physical as well as psychological benefits
to people" who have more than one area in their lives
that engages them and requires their attention. An
example would be a woman who has responsibilities
both at her job and with her family at home. The
research discusses "the buffer hypothesis, which
says that if something goes wrong in one area, you
then have another area that buffers you," says
Rothbard. "In other words, work/family roles enrich,
rather than deplete, each other."
Stress in the workplace, many experts have
noted, can be intensified by technological
advancements that make it harder for people to ever
totally disconnect from their jobs at appropriate
moments, like vacations. As McGrath notes, "there
are no boundaries around employees' time. They are
always available." McGrath has worked as a coach in
five large corporations over the past year and at all
of them, she observed workloads that were, in her
opinion, unmanageable. Some employees, she says,
react by trying to set strict limits on their
accessibility -- for example, not answering their
Blackberry from 6 p.m. to 6 a.m. "They have come to
some sort of peace with the fact that they will never
get everything done and keep everyone happy."
Source: McKinsey& Co.
Economic Snapshot – Three Months FY2006-2007
- Sales and Use Taxes +6.5%
- Corporate Franchise Taxes +42.7%
- Individual Income Taxes +14.4%
- Individual Income Taxes: Withholding
- Severance Taxes +34.5%
- Mineral Taxes: Withholding +29.7%
- Uniform School Total +7.6%
- Motor Fuel Taxes -5.1%
Source: Utah State Tax Commission, 10/20/06
You may come across
hucksters in the media claiming that a vast sea of
free money exists for anyone, just for the asking.
But they are misrepresenting the truth. Grants
from the government and foundations are typically
made to 501(c)3 tax-exempt organizations, not
individuals or for-profit businesses.
Thus, if you
are interested in obtaining grant funds, the first step
is to set up a nonprofit corporation in your state and
apply for tax-exempt status from the IRS.
you be trying to start a small business, it is more
useful to look for low-cost loans that may be
available from the SBA and local/state economic
development departments than to seek grants.
Gang Resistance Training!
- Gang Resistance Education and Training
- POSTED: 10/12/2006
- FUNDING SOURCE: Dept. of Justice
- ELIGIBILITY: Law enforcement agencies
- $ AVAILABLE: N.A.
- GRANTS AVAILABLE: N.A.
- MAX GRANT SIZE: $150,000
- DEADLINE: 12/14/06
- CONTACT INFORMATION: 202-616-6500
- DESCRIPTION: Grants to conduct training for the
G.R.E.A.T. program, which strives to improve gang
prevention in local communities.
- Risk of Recession
- The Moody’s Economy.com probability of
recession rose in September to 22.6% from August’s
downwardly revised 18.7%. Inversion of the yield
curve is the main factor causing the rapid
deterioration in recession risks in the past three
months. Stabilization in consumer confidence is and
improvements in equity markets are limiting the
increase in recession risks. The chance of the
economy being in recession in six months is clearly
rising, although remains relatively modest.
- Global Business Confidence
- Global business confidence has taken on a
slightly brighter hue in recent weeks, rising a bit in
mid-October. Sentiment has held more or less steady
since late August after falling sharply this summer.
While confidence is firmer across the globe and most
industries, it remains near levels consistent with a
global economy that is growing below its potential.
Confidence remains strongest in South America,
followed by North America, Asia, and finally Europe.
The recently better sentiment is due to a measurable
improvement in sales. Pricing pressures remain
elevated, but have abated substantially since
peaking in the summer.
- NAHB Housing Market Index
- Homebuilder optimism increased 1 point to 31
in October, reversing eight consecutive monthly
- Treasury International Capital Flows
- Net capital inflows totaled $116.8 billion in
August, the strongest showing on record. This was
more than twice the amount expected by the market
and marked a robust rebound from a weak July. Net
purchases of Treasuries led the way with an inflow of
$46.3 billion during the month.
- Chain Store Sales
- Chain store sales rose 0.6% in the week
ending October 14, its second consecutive modest
gain, according to the ICSC. Year-over-year growth
inched up to 3.9%. Low gasoline prices and colder
than normal weather remained supports to sales.
- MBA Mortgage Applications Survey
- Mortgage demand decreased 2.2% in the
week ending October 13. The decline was solely
concentrated in refinance applications, which
decreased 5.3%. Purchase applications increased
- Oil and Gas Inventories
- Crude oil inventories surged by 5.1 million
barrels for the week ending October 13, according to
the Energy Information Administration, well above the
1.3 million barrel build expected. A sharp moderation
in refinery activity is to blame. As a result, gasoline
inventories plunged by up to 5.2 million barrels for
the week, and distillates plummeted by 4 million
barrels, both well over expectations. This is a bullish
report, and will support prices above $59
- The Organization of the Petroleum Exporting
Countries (OPEC) met Oct. 19 in Qatar amid promises
to cut production by a million barrels per day
beginning Nov. 1, with possible additional cuts in
second quarter 2007. OPEC ostensibly is cutting
production to keep prices up, but Venezuela probably
had to cut production anyway because of
infrastructure maintenance problems. With new oil
finds being developed in the Gulf of Mexico, the
African seaboard and elsewhere, the world is not
nearly as dependent on OPEC as it once was and
prices should continue to fall slowly.
- Producer prices for finished goods fell by
1.3% in September due to a rapid decline in energy
prices. Excluding food and energy products, core
prices for finished goods rose by 0.6%, which is the
largest monthly increase this year. At earlier stages
of processing, falling prices for energy products led
to declines in producer prices for intermediate and
crude goods as well.
- Consumer Price Index
- The seasonally-adjusted consumer price
index fell 0.5% in September, after a 0.2% increase
in August. A big drop in energy prices pushed the
overall index lower. The core index, excluding food
and energy prices, rose 0.2% in September; this was
the third straight month with a 0.2% increase,
following four consecutive 0.3% monthly increases in
the core CPI. Over the past year core CPI inflation
has run at a 2.9% pace. The drop in headline
inflation was much larger than the consensus, while
the increase in the core CPI was equal to the
- New Residential Construction (C20)
- Housing starts increased 5.9% to 1.772
million units in September. Housing permits decreased
6.3% during the month.
"Problem-solving" is not planning, and
"Planning" is not the same as "problem-
Effective planning can not be done without
addressing the problems that are critical.
Not all problems deserve attention.
Bonneville Research is a Utah-based consulting
firm providing economic, financial, market and policy
research to public and private sector clients
throughout the intermountain west.
Our services include:
- Financial Analysis
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Analysis and Budgets
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Each of our studies is tailored to address the
unique needs of our clients and their communities.
“Just like successful businesses, local
governments must build on their strengths, correct
their weaknesses and protect against internal
vulnerabilities and external threats.”
If we can help, please call or email us at
- 801-746-5706 - Note Change!