Utah Retail Sales - October 2007
The "Top 20%"
- Sandy jumps ahead of
Orem for #2
- West Valley up to #3
- Orem down to
- South Salt Lake slips below St George to
- Ogden slips to #11
The "Big Winners"
- Centerville up 47%
- Draper up 30.7%
- North Salt Lake up 22.6%
- Lehi up 14.6%
The "Big Losers"
- South Salt Lake down
- Midvale down 9%
- Ogden down 3%
- Orem 3%
- St George down 3%
Direct Taxable Retail Sales - October
Sales||% Change Oct 07 - Oct
Source: Utah State Tax Commission, February 2008
The Ten Things Everyone Should Know
About Science Part X
- You may be able to quote Shakespeare, but what
are you like on Big Bang theory?
- The Financial
Times gives non-scientifically minded readers a leg
up the tree of knowledge.
Top companies shift into recession
- Leading US companies are shifting into recession
mode and preparing to cut costs, freeze hiring and
reduce capital spending as they brace for an
economic slowdown, senior executives and industry
experts have said.
- Their concerns are likely to be reinforced by the
International Monetary Fund, which yesterday slashed
its forecast for US growth and warned that no country
would be totally immune to what it termed a "global
- Business leaders say rising oil prices, sagging
consumer confidence and the credit crunch are
prompting them to put in place contingency plans to
protect against the expected economic downturn.
- "We have been buttoned down since July with a
total clampdown on costs and capital expenditure." Is
a common response.
- Large multinationals are counting on growth in
overseas demand and the weak dollar to offset
Source: The Financial Times Limited 2007
What are you doing?
October Retail Sales
- How are we
- Who is up?
- Who is down?
Recession 2008: What
should you be doing?
The Ten Things Everyone Should
Know About Science, Pt X
- Economic growth was very poor in the fourth
quarter, just 0.6% at an annualized pace. This was
only about one-half of the consensus expectation.
Over the past year, real GDP has increased 2.5%.
That compares with the 4.9% growth in the third
quarter. A fall in inventories and weaker growth in
federal spending, exports and consumer spending
were behind the slower growth. These factors were
partly offset by weaker growth in imports and stronger
growth in state and local government spending. The
weakness is now spreading beyond the housing
market. The economy likely contracted in December,
and the risk of recession remains extremely high.
- Conference Board Consumer
- The Conference Board index of consumer
confidence fell in January to 87.9 from an upwardly
revised 90.6 in December (previously 88.6). The index
remains fractionally above its November low. The
decline entirely in the expectations component; the
present situation component rose. Assessments of
labor markets conditions improved modestly.
- FOMC II
- he Federal Open Market Committee cut the fed
funds target rate by 50 basis points to 3%; this was on
top of an emergency intermeeting rate cut of 75 basis
points last week. The press statement discussed
financial market stress, tight credit and a softening in
labor markets. The FOMC also cut the discount rate
50 basis points to 3.5%. One member dissented,
calling for no rate cut.
- New Home Sales (C25)
- Home sales took another beating at the end of last
year, with Census reporting 604,000 annualized units
sold in December, the weakest pace since the spring
of 1993. This is a decline of 4.7% from a downwardly
revised November number. The median price is down
by 10.4% from one year ago and the months of
inventory crept up to 9.6.
- House Price Index
- Both the 10-city and 20-city composite S&P/Case-
Shiller house price indexes declined in November
from October. The 10-city composite fell by 2.2% and
the 20-city composite fell by 2.1%. The 10-city
composite is down 8.4% over the past year, the
largest year-over-year decline since the index began
in 1988. The 20-city composite is down 7.7% over the
past year. Prices fell in all 20 metro areas in
November. House prices continue to fall, with no
signs of stabilization.
- MBA Mortgage Applications Survey
- The market indices finished mixed again for the
week ending January 25. The composite index
finished at 1,054.9, an increase of 7.5% over the
previous week. The purchase index finished at 362.0,
down by 17.7% over last week's value. The refinance
index finished at 5,103.6, an increase of 22.1% over
last week's value. As in the previous week, refinancing
of mortgages continues at a feverish pace while
purchases continue to slip.
- Chain Store Sales
- Chain store sales fell again in the week ending
January 26 according to the ICSC. Sales declined
1.2%, taking year-over-year growth down to 1.3%. The
weakness forced the ICSC to again lower their
projection for the month, which is turning out to be very
disappointing for retailers.
- Oil and Gas Inventories
- Crude oil inventories rose by 3.6 million barrels for
the week ending January 25 according to the Energy
Information Administration, exceeding expectations of
a 2.0 million barrel build. Distillate supplies fell by 1.5
million barrels, in line with expectations. Gasoline
inventories rose by 3.6 million barrels, surpassing
expectations of a 2.0 million barrel build. Refinery
operating capacity fell sharply to 85% from 86.5%.
This report is bearish.
Source: Economy.com 2008
|This Weeks Leads
- Jenny Craig
- Jenny Craig, Inc. trades as Jenny Craig at 567
locations nationwide and in Canada.
- The weight
loss centers occupy spaces of 1,800 sq.ft. in power
and strip centers.
- Growth opportunities are
sought nationwide during the coming 18 months.
- Typical leases run five years.
- A vanilla shell is
- Preferred cotenants include drug and grocery
stores, Target, Marshalls, T.J.
Maxx and Michaels.
- Major competitors include LA
Weight Loss and Weight Watchers.
- For more information, contact
- Jenny Craig, Inc.,
- 5770 Fleet Street,
- CA 92008;
- Web site:
|BONNEVILLE RESEARCH - Working with clients to deliver results that endure!
Successful client work requires a
superior team of
outstanding people working fluidly together.
Bonneville Research is the one firm with
experience and expertise to help
governments and nonprofit organizations
We work to help clients achieve enduring
and improve the communities in which we
Bonneville Research is a Utah-based
firm providing economic, financial, market
research to public and private sector clients
throughout the intermountain west.
Helping Clients Succeed
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
- Public Sector Mission
Each of our studies is tailored to address
unique needs of our clients and their
If we can help, please call or email us at