Gross Taxable Retail Sales - July
- The "Top Ten" represent 45% of the Statewide
- The "Top Twenty-Five" represent
2/3rds of all retail sales.
- The "Top 20%" gainers
- Lehi +62.6%%
- Vernal +24.7
- South Jordan +19.6
- Price +16.4%
- The "Bottom 10%" include:
- Woods Cross -
- Lindon -2.5%
- Midvale -0.9%
- The Biggest "Non- Surprise" is Lehi and
- UP +62.6% and 44.9% respectively!
- Cabella's and Ikea!
- Serving the North Utah
County and Southern Salt Lake County Regional
- Success breeds success - watch for
July 07 Retail Sales - Top 25 Cities
(Large Monthly Filers Only)
||City||July 2007 (000)
||% Change 07/06||Mkt Share
Jul 07 (% of State Total)|
- The "Top 5" Major Sectors represent 50% of
- The "Top 5" gainers
- Health Care +60.1%
- Private Motor
Vehicle Sales +21.1%
- Ins., & RE +18.3%
- Construction +17.1%
- Hotel & Lodging +14.8%
- Categories with declining sales were led
- Transportation -18.0%
- Agri, Forestry &
- Occasional Sales -29.5%
Source: Utah State Tax Commission, Oct 2007
Building an effective change agent
A carefully constructed change agent
program is essential to any successful operational
Quick Take Notes:
- Organizations seeking to transform their
operations frequently overlook the importance of
change agents. These handpicked leaders, spread
across an organization, implement processes, train
employees, and act as all-around role models within
- A successful change agent team requires a clear
definition of roles and reporting structures, a mix of
skills and experience, and the ability to communicate
with and inspire the support of line managers.
- July '07 Retail Sales Rankings
- Who's up?
- Who's down?
- Who's losing market share?
- Management notes
- Economic notes
- This weeks leads
- International Business Confidence
- Global business confidence revived a bit in early
October. All of the improvement occurred outside of
the U.S., however, with Asian sentiment rebounding to
its strongest level since April. U.S. business
confidence remains consistent with an economy that
is not growing. While responses to the survey's
broader questions regarding present business
conditions and the six-month outlook turned notably
less negative last week. Responses to more specific
questions regarding investment and payrolls have
been and continue to be more positive.
- International Trade (FT900)
- The nominal U.S. trade deficit in goods and
services narrowed by 2.4% in August. The U.S. trade
deficit came in at $57.6 billion, $1.4 billion less than
July's revised $59.0 billion, according to the Bureau of
Economic Analysis. In August, exports increased and
imports decreased. Crude oil prices increased in
August, which in turn increased the nation's total
import bill for energy-related petroleum products to
- Treasury Budget
- The unified monthly surplus for September was
$112 billion, slightly below the CBO's preliminary
estimate of a $113 billion surplus. In fiscal year 2007,
which ended on September 30, the federal
government ran a deficit of $163 billion. This is 34%
smaller than the $248 billion deficit recorded in
FY2006, and is the smallest federal deficit since
FY2002. Revenue gains and spending restraint led to
the smaller deficit in FY2007.
- ABC News/Washington Post Consumer
- Chain store sales were essentially unchanged
again in the week ending October 6 according to the
ICSC. Year-over-year growth fell to 2.1%, the slowest
in 15 weeks as sales rose in the comparable week
last year. Warm weather was blamed for the weak
- Wholesale Trade (MWTR)
- Wholesale inventories rose 0.1% in August, below
expectations. July inventories were not revised from
the initial estimate of 0.2%. Sales rose in August,
increasing by 0.4% over the prior month as compared
to July's 0.2% uptick. The inventory-to-sales ratio was
unchanged at 1.11 in August.
- Import Prices
- The U.S. Import Price Index increased 1.0% in
September. The increase followed a 0.3% drop in
August and was led by a 5.4% increase in petroleum
prices. Export prices rose 0.3% in September, after
rising by 0.2% in the previous month.
- MBA Mortgage Applications Survey
- Mortgage demand increased 2.4% in the week
ending October 5. Purchase applications increased
2.1% and refinance applications increased 2.7%.
Application activity is relatively quiet and stable, so that
the increase in the spread of fixed and adjustable
mortgage rates signals expectations of another Fed
- Chain Store Sales
- Chain store sales rose 1.7% in September, the
weakest result in over three years after adjusting for
Easter distortions. Some of the weakness was due to
warmer than normal temperatures in much of the
country. Nonetheless, the vast majority of retailers
were disappointed and earnings warnings were
- Manufacturers Index
- The Manufacturers Alliance/MAPI composite index
clocked in at 65 for September, unchanged from June.
The composite index shows a strong expectation for
an increase in manufacturing activity over the next
three to six months, and is the first quarter of 2007 to
record a higher value than one year ago.
- Jobless Claims
- Initial jobless claims decreased by 12,000 to
308,000. This is a move away from expectations, but
still generally in line with ongoing trends in the labor
market and shows that layoffs are not intensifying.
- Job Openings and Turnover
- In August, the job openings rate remained at
2.9%-unchanged for most of the past six months.
The hire rate fell slightly-to 3.4% from 3.5%.
However, the separations rate also fell-to 3.2%.
Therefore, on net the labor market remains fairly
- Oil and Gas Inventories
- Crude oil inventories unexpectedly fell by 1.7
million barrels for the week ending October 5,
according to the Energy Information Administration,
below expectations of a 1 million barrel build.
Distillate supplies declined by 0.6 million barrels, in
line with expectations. Gasoline inventories rose
strongly by 1.7 million barrels, above expectations.
Refinery activity improved for the second consecutive
week, increasing to 87.8% from 87.5%, above
expectations. Today's report will exert modest upward
pressure on oil prices.
Source: Economy.com, Financial Times 2007
The Health Resources and Services
Administration (HRSA) recently issued the 2007 New
Access Points (NAP) RFP.
- There is
$138,000,000 available over three years (grants to
$650,000/year) to support operations at new primary
health care delivery sites.
- THE DEADLINE IS
|This Weeks Leads:
- Wendy's International trades as Wendy's at 6,600
locations nationwide and internationally.
- The fast-
food restaurants occupy spaces of 3,300 sq.ft. in
freestanding locations, malls and inline and travel
centers, in addition to colleges and universities.
- Growth opportunities are sought nationwide
during the coming 18 months. Typical leases run 20
- Preferred demographics include a
population of 30,000 within three miles.
- A land
area of one acre is required.
- Send site submittals to:
- Robin Zelinski,
- Wendy's International,
- One Dave Thomas
- Dublin, OH 43017;
- Web site:
- Cost Plus World Market
- Cost Plus World Market operates 282 locations
nationwide. The home furnishings stores occupy
spaces of 18,300 sq.ft. in power centers.
opportunities are sought throughout AZ, southern CA
and Las Vegas, NV during the coming 18 months,
with representation by Katz & Associates.
leases run 10 years.
- Preferred cotenants include
Linens 'N Things, Target and book stores.
- Preferred demographics include a trade-area
population earning a median household income of
- For more information, contact
- Mike Zoob,
Katz & Associates,
- 21791 Lake Forest Drive, Suite
- Lake Forest, CA 92630;
- Fax 949-597-3537;
- Web site:
- Frank & Stein Dogs & Drafts, US Bistro
and Baja Bistro Fresh Mex Grill
- Caldwell Enterprises, Inc. trades as Frank & Stein
Dogs & Drafts, US Bistro and Baja Bistro Fresh Mex
Grill at 27 locations nationwide.
- The restaurants
occupy spaces of 600 sq.ft. to 2,400 sq.ft.in
freestanding locations, airports and lifestyle, power
and strip centers, in addition to mall locations.
- Expansion during the coming 18 months will focus
on the Baja Bistro Fresh Mex Grill concept with 20 to
40 openings planned nationwide.
- For more information, contact
- Caldwell Enterprises, Inc.,
- PO Box
- Roanoke, VA 24018;
- Fax 540-774-1066.
|BONNEVILLE RESEARCH - People, Passion & Pride
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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 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
- Business License Studies
- Impact Fee analysis
- Urban Renewal & Redevelopment
Analysis and Budgets
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Each of our studies is tailored to address the
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