SCORECARD
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:
- Lehi +63.8%%
- Draper
+31.2%
- Lehi +77.7%
- Draper +6.7%
- West
Jordan +63.0
- North Salt Lake +43.3%
- The "Big Surprise" is Holladay:
- Holladay up
+29.0%
- The "Bottom 10%" include:
- Woods Cross -
15.3%
- Centerville -5.0%
- Provo -2.7%
- The "Big Surprise" on the decline side is St
George:
- down -0.9%
June 07 Retail Sales - Top 25 Cities
(Large Monthly Filers Only)
Rank
| City | June 2007 (000)
| % Change 07/06 | Mkt Share
April 07 (% of State Total) |
1 | Salt Lake
City | $409,487 |
+12.5% | 11.5% |
2 | West
Valley | $161,999 |
+8.8% | 4.5% |
3 | Orem |
$159,270 | +5.3% | 4.5%
|
4 | Sandy |
$156,890 | +6.8% |
4.4% |
5 | Murray |
$140,685 | +1.0% | 3.9%
|
6 | South Salt
Lake | $134,111 |
+0.7% | 3.8% |
7 | St
George | $132,443 |
-0.9% | 3.7% |
8 | West
Jordan | $110,867 |
-63.0% | 3.1% |
9 | Layton |
$110,976 | 7.5% |
2.9% |
10 | Ogden |
$100,107 | +4.8% |
2.8% |
11 | Provo |
$87,572 | -2.7% | 2.5% |
12 | Draper |
$65,405 | +66.7% |
1.8% |
13 | Riverdale |
$59,280 | +15.3% |
1.7% |
14 | Logan |
$56,286 | +4.0% | 1.6%
|
15 | American
Fork | $55,286 |
+6.9%
| 1.5% |
16 | South
Jordan | $45,764 |
+26.3% | 1.3% |
17 | Midvale |
$45,655 | +1.2% |
1.3% |
18 | Vernal |
$44,165 | +0.4% |
1.2% |
19 | Cedar
City | $42,752 |
+0.2% | 1.2% |
20 | Taylorsville |
$40,458 | +14.8% | 1.1%
|
21 | Lehi |
$37,296 | +77.7% | 1.0%
|
22 | Lindon |
$36,299 | +2.0% | 1.0%
|
23 | Bountiful |
$30,795
| +5.1% | 0.9% |
24 | Cottonwood
Heights | $29,669 |
+10.0%
| 0.8% |
25 | Tooele |
$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:
- Construction +23.2%
- Hotel &
Lodging +22.3%
- Private Motor Vehicle Sales +21.7%
- Health Care +17.6%
- Eating & Drinking +14.4%
- Categories with declining sales were led
by:
- Electric & Gas -33.6%
- Agri, Forestry &
Fishing -24.5%
- Occasional Sales -5.8%
- 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.
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Greetings!
- June Sales Tax Rankings
- Surprises
- Who'se up?
- Who's down?
- How do you
compare?
- Economic notes
- This weeks leads
Bob Springmeyer
Bonneville Research
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GRANTS |
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Cleanup Brownfields!
- Brownfields Job Training Grants
- POSTED: 8/30/2007
- FUNDING SOURCE: EPA
- ELIGIBILITY: Authorized nonprofit and public
agencies
- $ AVAILABLE: $2,500,000
- GRANTS AVAILABLE: 13
- 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
- FUNDING SOURCE: CNCS
- ELIGIBILITY: Nonprofit and public agencies
- $ AVAILABLE: $900,000
- GRANTS AVAILABLE: N.A.
- 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.
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Economic Notes: |
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- 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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BONNEVILLE RESEARCH - People, Passion & Pride |
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Successful client work requires a superior team of
outstanding people working fluidly together.
Bonneville Research is committed to excellence.
We work to help clients achieve enduring results
and improve the communities in which we live.
BONNEVILLE RESEARCH
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
- Urban Renewal & Redevelopment
Analysis and Budgets
- Strategy and Policy Analysis
- Economic and Fiscal Impact Analysis
- Statistical and Survey Research
Each of our studies is tailored to address the
unique needs of our clients and their communities.
If we can help, please call or email us at
- Bob
- 801-364-5300
- [email protected]
- Jon
- 801-746-5706
-
[email protected]
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