Monday Report - June Sales Tax Rankings September 17th, 2007


Economic Notes:



Gross Taxable Retail Sales - June 2007

Who's up & Who's Down - June 07 (Large Monthly Filers Only)

  • The "Top Ten" represent 45% of the Statewide market.
  • The "Top Twenty-Five" represent 2/3rds of all retail sales.
  • The "Top 20%" gainers include:
    1. Lehi +63.8%%
    2. Draper +31.2%
    3. Lehi +77.7%
    4. Draper +6.7%
    5. West Jordan +63.0
    6. North Salt Lake +43.3%
  • The "Big Surprise" is Holladay:
    1. Holladay up +29.0%
  • The "Bottom 10%" include:
    1. Woods Cross - 15.3%
    2. Centerville -5.0%
    3. Provo -2.7%
  • The "Big Surprise" on the decline side is St George:
    1. down -0.9%

June 07 Retail Sales - Top 25 Cities (Large Monthly Filers Only)

Rank CityJune 2007 (000) % Change 07/06Mkt Share April 07 (% of State Total)
1Salt Lake City$409,487 +12.5%11.5%
2West Valley$161,999 +8.8%4.5%
3Orem $159,270+5.3%4.5%
4Sandy $156,890+6.8% 4.4%
5Murray $140,685+1.0%3.9%
6South Salt Lake$134,111 +0.7%3.8%
7St George$132,443 -0.9%3.7%
8West Jordan$110,867 -63.0%3.1%
9Layton $110,9767.5% 2.9%
10Ogden $100,107+4.8% 2.8%
11Provo $87,572-2.7%2.5%
12Draper $65,405+66.7% 1.8%
13Riverdale $59,280+15.3% 1.7%
14Logan $56,286+4.0%1.6%
15American Fork$55,286 +6.9% 1.5%
16South Jordan$45,764 +26.3%1.3%
17Midvale $45,655+1.2% 1.3%
18Vernal $44,165+0.4% 1.2%
19Cedar City$42,752 +0.2%1.2%
20Taylorsville $40,458+14.8%1.1%
21Lehi $37,296+77.7%1.0%
22Lindon $36,299+2.0%1.0%
23Bountiful $30,795 +5.1%0.9%
24Cottonwood Heights$29,669 +10.0% 0.8%
25Tooele $28,451+17.0%0.8%

What's up & What's Down - June 07 (Large Monthly Filers Only)

  • The "Top 5" Major Sectors represent 50% of the market.
  • The "Top 5" gainers include:
    1. Construction +23.2%
    2. Hotel & Lodging +22.3%
    3. Private Motor Vehicle Sales +21.7%
    4. Health Care +17.6%
    5. Eating & Drinking +14.4%
  • Categories with declining sales were led by:
    1. Electric & Gas -33.6%
    2. Agri, Forestry & Fishing -24.5%
    3. Occasional Sales -5.8%
    4. Fin., Ins., & RE -5.5%

Source: Utah State Tax Commission, Sept 2007

This Weeks Leads:

  • Oreck Clean Home
  • Oreck Franchise Services, LLC trades Oreck Clean Home.
  • The 450-unit chain operates locations nationwide and in Canada.
  • The specialty stores, offering vacuums and related accessories, occupy spaces of 1,500 sq.ft. in lifestyle, power, specialty and strip centers.
  • Growth opportunities are sought nationwide during the coming 18 months.
  • Send site submittals to:
    • Doug Van Tassell,
    • Oreck Franchise Services, LLC,
    • 414 Union Street, Suite 1910,
    • Nashville, TN 37219;
    • Web site: www.ownanoreckstore.com
  • Moto Photo and Portrait Avenue
  • Moto Franchise Corp. trades as Moto Photo and Portrait Avenue.
  • The 192-unit chain operates locations throughout AZ, CA, CO, CT, IL, KY, MA, MD, MI, NJ, NY, OH, PA, TX, UT, VA, WI and Washington, DC.
  • The portrait centers occupy spaces of 1,400 sq.ft. in regional malls.
  • Expansion is only for Portrait Avenue during the coming 18 months throughout the Midwest.
  • Typical leases run five years with two, five-year options.
  • A vanilla shell and specific improvements are required.
  • Preferred demographics include a population of 100,000 within five miles earning $50,000 as the average household income.
    • Ron Mohney,
    • Moto Franchise Corp.,
    • 4444 Lake Center Drive,
    • Dayton, OH 45426;
    • Web site: www.motophoto.com
  • Golden Corral
  • Golden Corral Corp. trades as Golden Corral at 478 locations nationwide.
  • The buffet style restaurants occupy spaces of 9,000 sq.ft. to 14,000 sq.ft. in freestanding locations.
  • Growth opportunities are sought nationwide during the coming 18 months.
  • The company prefers to locate near big box retailers.
  • Send site submittals to:
    • Gordon Poulsen,
    • Golden Corral Corp.,
    • 5151 Glenwood Avenue,
    • Raleigh, NC 27612;
    • Web site: www.goldencorral.net.


  • June Sales Tax Rankings
    • Surprises
    • Who'se up?
    • Who's down?
    • How do you compare?
  • Economic notes
  • This weeks leads

Bob Springmeyer

Bonneville Research

  • Cleanup Brownfields!

    • Brownfields Job Training Grants
    • POSTED: 8/30/2007
    • ELIGIBILITY: Authorized nonprofit and public agencies
    • $ AVAILABLE: $2,500,000
    • MAX GRANT SIZE: $200,000
    • DEADLINE: 10/19/07
    • CONTACT INFORMATION: Joseph Bruss, 202- 566-2772
    • DESCRIPTION: Grants to provide environmental job training projects that will facilitate the assessment, remediation, or preparation of brownfield sites.

    Increase Community Service!

    • Summer of Service for Middle-School Aged Youth
    • POSTED: 8/31/2007
    • ELIGIBILITY: Nonprofit and public agencies
    • $ AVAILABLE: $900,000
    • MAX GRANT SIZE: $200,000
    • DEADLINE: 10/10/07
    • CONTACT INFORMATION: 202-606-7507
    • DESCRIPTION: Grants to stimulate new or expanded service-learning opportunities in the summer programming of youth-serving organizations that already serve large numbers of youth from disadvantaged circumstances at multiple sites, and to provide opportunities for participants from disadvantaged circumstances.

  • Economic Notes:
    • International Business Confidence
    • Global business confidence stabilized last week, after plunging in August. Sentiment firmed largely outside the U.S., however, and sentiment remains consistent with an economy that is very near recession. Assessments of present conditions and expectations regarding the six-month outlook remain very negative. Financial service firms appear near panic, as their confidence has plummeted to a record low. Investment and hiring have notably softened and pricing pressures have evaporated.
    • Treasury Budget
    • The unified deficit for August was $117 billion, slightly above the CBO's preliminary estimate of a $115 billion deficit. The federal government has run a deficit of $274 billion through the first eleven months of fiscal year 2007; this is 10% smaller than the deficit at the same point in fiscal year 2006. The federal government continues to see strong revenue growth and spending restraint, which is reducing the deficit.
    • Consumer Credit (G19)
    • Consumer credit increased in July by a modest $7.5 billion to $2.457 trillion. The details of the report showed that growth in revolving credit is still healthy, advancing 6.6% at an annual rate. Weak vehicle sales in the month weighed on demand for nonrevolving credit, which rose a very modest 1.9%. The latest data on consumer credit do not capture the impact of the turmoil in financial markets or the tightening of credit conditions that ensued.
    • International Trade (FT900)
    • The nominal U.S. trade deficit in goods and services narrowed by 0.3% in July. The U.S. trade deficit came in at $59.2 billion, $0.2 billion less than June's revised $59.4 billion, according to the Bureau of Economic Analysis. In July, both exports and imports increased, while exports increased more than imports. The goods deficit with China, however, widened 12.5% to $23.8 billion. Crude oil prices increased in July, which in turn increased the nation's total import bill for energy-related petroleum products to $27.8 billion.
    • ABC News/Washington Post Consumer Comfort Index
    • The ABC News/Washington Post consumer comfort index was unchanged at -17 in the week ending September 9. Confidence remains near its lowest level for this year. The details of the report were mixed with two of the three underlying components inching two points higher.
    • Job Openings and Labor Turnover Survey
    • In July, the U.S. labor market created 4.82 million jobs, up from 4.74 million in June. The number of separations fell to 4.48 million from 4.54 million. Accordingly, the hire rate increased to 3.5% from 3.4%, while the separations rate fell to 3.2% from 3.3%. Hiring activity has been about flat since early this year, but fell off from last year's pace. Separations have declined compared to a year ago.
    • International Employment Outlook Survey
    • According to the Manpower Employment Outlook Survey, employers in 26 out of the 27 countries and territories surveyed expect to add staff during the fourth quarter in 2007. Hiring intentions softened in the U.S., with the net employment outlook indicating that 18% (not seasonally adjusted) of employers expect to add staff compared to 22% in the previous quarter. In Asia Pacific, demand for new workers generally remains solid but hiring activity will slow in some parts of the region. The employment outlook also remains positive in the euro area (except in Italy) but there is a smaller number of employers intending to hire compared to the previous stanza.
    • Hotel Revenues
    • With new room supply ramping up against a backdrop of economic malaise, booming hotel revenues are likely to weaken through the end of 2008 based on a projections that annual RevPAR (revenue per available room) growth will drop from 5.5% this year to 4.2% in 2008 as a host of market forces bring soaring industry profits back down towards earth.
    • MBA Mortgage Applications Survey
    • Mortgage demand increased 5.5% in the week ending September 7. Purchase applications increased 5.2% and refinance applications increased 6.0%. The increase in applications is concurrent with a significant drop in mortgage rates.
    • Quarterly Services Survey
    • In the second quarter of 2007, the information industry reported 6.2% year-to-year revenue growth. Professional services revenues are up 6.9%. Administrative and support and waste management and remediation services revenue posted 0.7% growth. Revenue in hospitals, nursing and residential care facilities is up 7.5%. The aggregate of services revenue increased 3.2% from the first quarter of 2007, a return to growth after the previous period marked a revenue decrease.
    • Chain Store Sales
    • Chain store sales rose 0.3% in the week ending September 8, the fourth consecutive small gain. Year- over-year growth rose to 2.9% as comparisons eased. Spending continues to hold up despite the reported loss of jobs in August.
    • Oil and Gas Inventories
    • Crude oil inventories fell by 7.1 million barrels for the week ending September 7, according to the Energy Information Administration, drastically below expectations of a 2.4 million barrel draw. Gasoline inventories dropped by 0.7 million barrels, in line with expectations. Refinery activity dropped sharply below expectations, decreasing to 90.5% from 92.1%. Distillate supplies rose by 1.8 million barrels, in line with expectations. This report is bullish.

    Source: Economy.com, Financial Times 2007

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