SCORECARD - August Retail Sales - Top 25 Cities
Gross Taxable Retail Sales - August
2007
- 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:
- Orem Jumped up over West Valley and
Sandy to #2!
- Sandy slips to #4!
- West Jordan
slips from #8 to #11, but joins the "$100 million Club"!
- North Salt Lake +44.6%
- Lehi +43.8%%
- Draper
+39.7%
- Kaysville +21.8
- Kaysville +21.8%
- Cabella's and Ikea - Lehi and Draper - Three
consecutive months of over 40% increases
-
+43.8% and 39.7% respectively!
- The "Biggest Losers" include:
- South Salt
Lake -7.6%
- Lindon -4.0%
- Murray -2.3%
Source: Utah State Tax Commission, November
2007
August 07 Retail Sales - Top 25 Cities
(Large Monthly Filers Only)
Rank
| City | July 2007 (000)
| % Change 07/06 | Mkt Share
Jul 07 (% of State Total) |
1 | Salt Lake
City | $464,957 | +10.9%
| 12.3% |
2 | Orem |
$171,918 | -2.2% | 4.5%
|
3 | West
Valley | $171,191 | +0.6%
| 4.4% |
4 | Sandy |
$166,953 | -0.2% | 4.4%
|
5 | St
George | $145,969 | 0.6%
| 3.9% |
6 | Murray |
$141,993 | -2.3% | 3.8%
|
7 | South Salt
Lake | $130,653 | -7.6%
| 3.5% |
8 | Ogden |
$103,022 | +3.3% | 2.7%
|
9 | Layton |
$101,508 | +3.6% | 2.7%
|
10 | Provo |
$101,252 | +3.6% | 2.7%
|
11 | West
Jordan | $100,747 | +1.1%
| 2.7% |
12 | Draper |
$60,521 | +39.7%
| 1.6%
|
13 | Logan |
$60,196 | +1.7% | 1.6%
|
14 | Riverdale | $57,496
| +5.9% | 1.5% |
15 | Midvale |
$49,429 | +2.4% | 1.3%
|
16 | Vernal |
$48,930 | +11.9% | 1.3%
|
17 | American
Fork | $48,754 | +13.6%
| 1.3% |
18 | Cedar
City | $47,609 | +3.8%
| 1.3% |
19 | South
Jordan | $46,882 | +21.6%
| 1.2% |
20 | Lehi |
$45,999 | +43.8%
| 1.2%
|
21 | Taylorsville |
$42,700 | +10.5% | 1.1%
|
21 | Lindon |
$36,914 | -4.0% | 1.0%
|
23 | Bountiful | $33,914
| +2.9% | 0.9% |
24 | Park
City | $30,464 | +13.3%
| 0.8% |
25 | Cottonwood
Heights | $28,018 | +2.1%
| 0.7% |
26 | Tooele |
$27,090 | +8.9% | 0.7%
|
27 | Springville |
$24,159 | +1.8% | 0.6%
|
28 | North Salt
Lake | $23,039 | +44.6%
| 0.6% |
29 | Centerville |
$23,029 | +4.3% | 0.6%
|
30 | Spanish
Fork | $23,019 | +4.1%
| 0.6% |
Source: Utah State Tax Commission, November
2007
- The "Top 5" Major Sectors represent 50% of
the market.
- The "Top 5" gainers
include:
- Private Motor Vehicle Sales +55.4%
- Health Care +52.6%
- Business Services +30.8%
- Transportation
+39.5%
- Finance, Ins & Real Estate +26.7%
- Categories with declining sales were led
by:
- Agri, Forestry & Fishing -11.1%
- Wholesale - Non Durable -6.2%
- Retail
Building & Garden -5.9%
- Fin.,
Source: Utah State Tax Commission, November
2007
WE'RE MOVED!- Phones are now working!
- The internet connection is now up!
- Files are mostly still in boxes!
- But, we're here!
Bonneville Research
Please Note the Changes!
THIS WEEKS LEADS:
- Fuzziwig's Candy Factory and Sweets
From Heaven
- Fuzziwig's Candy Factory, Inc. trades as Fuzziwig's
Candy Factory and Sweets
From Heaven at 65 locations nationwide and
internationally.
- The candy
stores occupy spaces of 1,000 sq.ft. in malls and
lifestyle, outlet and tourist centers, in addition to
urban/downtown areas.
- Growth opportunities are
sought nationwide during the coming 18 months.
-
Typical leases run 10 years.
- A vanilla shell is
required.
- ajor competitors include Sweet Factory.
- For more information, contact
- Kayo
Folsom,
- Fuzziwig's Candy Factory, Inc.,
- 656 Main Street,
- Durango, CO 81301;
-
970-247-2770,
- Fax 970-247-2735;
- Email:
[email protected];
- Web site:
www.fuzziwigs.com.
- J. Alexander's
- J. Alexander's Corp. trades as J. Alexander's at
289 locations throughout AL, CO, FL, GA, IL, KS, KY,
LA, MI, OH, TN and TX.
- The fine dining restaurants
occupy spaces of 7,500 sq.ft. to 8,000 sq.ft. in
specialty centers.
- Growth opportunities are
sought nationwide during the coming 18 months.
-
Typical leases run 15 years.
- Preferred
demographics include a population of 200,000 within
a five-mile radius earning an average household
income of $90,000.
- For more information, contact
- Rick
Carson,
- J. Alexander's Corp.,
- PO Box 24300,
- Nashville, TN 37202;
- 15-269-1917,
- Fax
615-269-1919;
- Email:
[email protected];
- Web site:
www.jalexanders.com.
- Mariposa
- Charles F. Berg, Inc. trades as Mariposa at 34
locations throughout AK, ID, OR, UT, WA and Canada.
- The women's apparel stores occupy spaces of
3,500 sq.ft. in malls.
- Growth opportunities are
sought throughout the existing markets during the
coming 18 months.
- Typical leases run 10 years
with three, five-year options.
- Specific
improvements are required.
- Major competitors
include Deb Shop, Express, Maurices and Wet Seal.
- For more information, contact
- Kal Bains,
- Charles F. Berg, Inc.,
- 88 West 1st Avenue,
- Vancouver, British Columbia, Canada, V5Y 3K8;
- 604-873-6266,
- Fax 604-873-4561.
- Pick Up Stix
- Carlson Restaurants Worldwide trades as Pick
Up Stix at 100 locations throughout AZ, CA and NV.
- The quick-service Chinese restaurants occupy
spaces of 2,000 sq.ft. to 2,400 sq.ft. in entertainment,
mixed-use, power, specialty and strip centers.
-
Growth opportunities are sought throughout the
existing markets during the coming 18 months.
-
Typical leases run 10 years.
- Preferred demographics include a population of
75,000 within three miles earning $50,000 as the
average household income.
- Major competitors
include Baja Fresh, Chipotle, Daphnes and Pei Wei.
- The company also trades as T.G.I. Friday's at 800
locations nationwide and internationally. The casual
dining restaurants occupy spaces of 5,000 sq.ft. to
7,000 sq.ft. in freestanding locations and malls,
power, specialty and strip centers.
- Growth opportunities are sought nationwide
during the coming 18 months.
- Preferred cotenants include Barnes & Noble and
Target.
- Preferred demographics include a
population of 100,000 within five miles earning
$65,000 as the average household income.
-
Major competitors include Applebee 's, Bennigans
and Chili's.
- For more information, contact
- Ed
McGraw,
- Carlson Restaurants Worldwide,
- 4201 Marsh Lane, Carrollton, TX 75007;
- 972-
662-4548,
- Fax 972-662-5501;
- Email: [email protected].
- Wish we could!! - The Fresh Market
- The Fresh Market operates 70 locations
throughout the Midwestern and southeastern regions.
- The markets, offering produce, seafood, wine and
beer and bakery departments, in addition to a floral
and gift department, occupy spaces of 22,000 sq.ft. in
freestanding locations and power and specialty
centers.
- Growth opportunities are sought
throughout Baltimore, MD; northern VA and
Washington, DC during the coming 18 months, with
presentation by Paraclete Realty, LLC.
- Major
competitors include Whole Foods.
- For more information, contact
- Charlie
Phelps,
- Paraclete Realty, LLC, 408 Headquarters
Drive, Suite 3C,
- Millersville, MD 21108;
- 410-
987-9500,
- Fax 410-987-9502;
- Email:
[email protected];
- Web site:
www.paracleterealty.com.
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Greetings!
In this issue:
- August 2007 Retail Sales - Top 25 Cities
- Economic notes
- This weeks leads
Bob Springmeyer
Bonneville Research
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Economic Notes: |
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- Business Confidence
- U.S. business confidence remains
disconcertingly soft. Confidence is consistent with an
economy that is expanding very slowly. Businesses
are particularly dour in their broad assessment of
current conditions and expectations regarding the six-
month outlook remain firmly negative. Businesses
remain more upbeat when responding to more
specific questions regarding payrolls and especially
equipment investment. Confidence is measurably
stronger elsewhere, most notably in Asia. Sentiment
is weakest among those in housing and financial
services, and strongest among high-tech firms.
Pricing pressures remain well-contained despite the
steady rise in oil and other commodities..
- Productivity and Costs
- Nonfarm business productivity growth was very
strong in the third quarter, coming in at 4.9% (SAAR),
up from 2.2% in the second quarter. This was well
above consensus. With the temporary strengthening
in the economy in the middle of 2007, productivity
growth has improved, and is up 2.4% over the past
year. Nonfarm unit labor costs fell an annualized 0.2%
in the third quarter; the consensus expected an
increase. Despite today's good news, productivity
growth is expected to slow, although inflationary
pressures from the labor market are scant.
- Wholesale Trade (MWTR)
- Wholesale inventories soared by 0.8% in
September, crushing consensus expectations of a
0.3% gain. The large increase in inventories comes in
succession to a very large upward revision in August
wholesale inventories, which rose 0.7% from the
initial estimate of 0.1%. Sales rose by 1.3% over the
prior month in September as compared to August's
upwardly revised 0.8% increase. The inventory-to-
sales ratio fell to 1.10 in September.
- ISM Non-Mfg.Index
- The non-manufacturing business activity index
moderately increased in October, rising to 55.8%. This
number was above both consensus expectations and
our forecast.
- Senior Loan Officer Opinion
- The October Senior Loan Officer Opinion Survey
from the Federal Reserve indicated that credit
standards had tightened since the July survey across
nearly every line of business for commercial banks.
The only notable exception was credit card loans,
where lending standards stayed the same since the
summer. The survey reference period (July-
September) captures the onset and height of the
credit crunch that began in August, and reflects tighter
lending standards for both consumers and
businesses during the period.
- MBA Mortgage Applications Survey
- Mortgage demand decreased 1.6% in the week
ending November 2. Purchase applications were
unchanged and refinance applications decreased
3.2%. If application activity this week is a leading
indicator, the housing market is flat.
- Consumer Credit (G19)
- Consumer credit increased in September by a
very modest $3.7 billion to $2.482 trillion. The details
of the report showed that the bulk of the increase was
attributed to sturdy demand for revolving credit, which
rose 4.4% at an annual rate. Soft demand for big ticket
items, namely vehicles, is reflected in the latest report
as nonrevolving credit was essentially unchanged
over the month.
- Personal Income
- Personal income rose 0.4% in September, the
same as August and in line with expectations.
Spending rose 0.3%, down from 0.5% the prior month
and in line with expectations. The core PCE deflator
rose a modest 0.2%, the same as the topline deflator.
The saving rate rose to 0.9%.
- Semiconductor Billings
- Global semiconductor sales rose by 5.0% in
September to $22.6 billion on a three-month moving
average basis. As such, sales remain 5.9% higher
than in September 2006. Sales rose in all regions of
the world for the third month in a row, with the
strongest growth seen in the Americas and Asia
Pacific regions.
- Factory Orders
- Factory orders rose unexpectedly in September. A
0.2% increase follows a downwardly revised 3.5%
decline in August (previously -3.3%). A 2.1% surge in
nondurable bookings offset a 1.7% drop in durable
goods orders to leave overall orders up modestly for
the month.
- Employment
- The economy remains strong according to the
latest jobs report. Total payrolls rose by 166,000 and
growth in hourly earnings seems measured, not
alarming. The unemployment rate remains at 4.7%,
indicative of an economy where some slack has
already started to develop.
- Initial Jobless Claims
- Initial jobless claims retreated even further,
dropping 13,000 to 317,000 against expectations for
claims to remain relatively flat.
- Chain Store Sales
- Chain store sales rose 1.6% in October, the
weakest result since August 2004 after adjusting for
Easter distortions and the weakest October since
1995. Some of the weakness was due to warmer than
normal temperatures in much of the country, although
the large number of weights on consumer finances
also contributed to the weakness.
- Oil and Gas Inventories
- Crude oil inventories fell by 0.8 million barrels for
the week ending November 2, according to the Energy
Information Administration, in line with expectations.
Distillate supplies rose by 0.1 million barrels, above
expectations of a 0.4 million barrel draw. Gasoline
supplies fell by 0.8 million barrels, above
expectations. Refinery activity was unchanged at
86.2%, below expectations. Today's report will not
have a measurable impact on prices.
Source: Economy.com 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
- Business License Studies
- Impact Fee 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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