Taxable Retail Sales June 2006 to June
|Rank||City|| June 2006
Sales|| June 2007 Sales|| June
2008 Sales||% Change June 2007 - June
2 ||$159,269,561 ||$146,120,816
2 ||$156,889,936 ||$132,984,665
0 ||$140,684,667 ||$123,965,239
8 ||$100,106,817 ||$90,948,334
2 ||$87,572,010 ||$90,438,959
8 ||$56,286,205 ||$64,838,869
06 ||$65,405,283 ||$62,020,419
2 ||$44,164,636 ||$56,893,781
,284 ||$59,279,609 ||$54,114,451
34 ||$45,654,955 ||$39,610,611
436 ||$30,795,479 ||$34,574,475
90 ||$36,299,268 ||$28,612,062
114 ||$15,583,446 ||$19,694,591
877 ||$16,581,300 ||$18,120,337
826 ||$14,917,630 ||$16,834,510
53 ||$14,073,627 ||$15,950,720
169 ||$16,025,057 ||$13,263,242
944 ||$15,226,469 ||$12,654,180
,558 ||$12,970,805 ||$12,039,929
Source: Utah State Tax Commission,
Calculations Bonneville Research, September
Who is Up? June 2007 to June
- West Bountiful up 31.0% ($4.3M)
- Vernal up 28.8% ($12.7M)
- Moab up 27.7% ($3.3M)
- Roosevelt up 27.1% ($3.4M)
- Riverton up 26.4% ($4.1M)
Who is Down? June 2007 to June
- Woods Cross down 29.2% ($5.6M)
- South Salt Lake down 22.4% ($30.1M)
- Lindon down 21.2% ($7.7M)
- South Jordan down 22.1% ($10.1M)
- West Valley City down 20.6% ($33.4M)
THIS WEEKS LEADS:
- BCBG Max Azria
- BCBG Max Azria Group, Inc. trades as BCBG Max
Azria at 1,000 locations nationwide and in Canada
- The stores, offering upscale
apparel, accessories and footwear, occupy spaces of
800 sq.ft. to 6,500 sq.ft. in freestanding locations,
malls and downtown areas.
- Growth opportunities
are sought nationwide during the coming 18 months.
- For more information, contact
- BCBG Max Azria Group, Inc.,
Fruitland Avenue, Vernon, CA 90058;
- Web site:
- Loehmann's operates 66 locations nationwide.
- The stores, offering women's discounted apparel,
occupy spaces of 20,000 sq.ft. to 30,000 sq.ft. in
freestanding locations, lifestyle, power and strip
centers, in addition to urban/downtown areas.
- Growth opportunities are sought nationwide
during the coming 18 months, with representation by
Katz & Associates.
- Typical leases run 10 years.
- Preferred cotenants include Barnes & Noble,
Linens 'N Things and Target.
demographics include a population of 200,000 within
five miles earning $80,000 as the average household
- For more information, contact
- Brian Katz,
Katz & Associates,
- One Blue Hill Plaza, Suite
- Pearl River, NY 10965;
- Web site:
- A/X Armani Exchange
- A/X Armani Exchange operates 70 locations
nationwide and in Canada.
- The stores, offering
casual designer sportswear and accessories, occupy
spaces of 4,500 sq.ft. to 5,500 sq.ft. in upscale
shopping centers, urban and tourist areas and
- Growth opportunities are sought
throughout major metro markets nationwide and in
Canada during the coming 18 months, with
representation by Metropolis Retail, Inc.
leases run 10 years with two, five-year options.
vanilla shell and specific improvements are required.
- Preferred demographics include a population of
200,000 within five miles earning $70,000 as the
average household income.
- Preferred cotenants
include fashion retailers.
- For more information, contact
- Lary P.
- Metropolis Retail, Inc.,
Mountain Boulevard, Suite 1,
- Oakland, CA 94611;
- Web site:
ICSC futurist: Retail centers will soon run on
solar or wind alone
Soon, retail centers will be able to fully power
themselves with wind or solar energy, and they will be
built in the center of residential communities, rather
than on the periphery, predicted futurist David Houle,
the keynote speaker at ICSC's RetailGreen
conference. The global investment in alternative
energy will grow explosively in the next decade.
Yes, I am running for Utah Governor!
Yes, Bonneville Research is very much still in
business, and helping clients make a difference
- a massive and multi-year industrial
manufacturing expansion in West Valley City
supported by an EDA Project.
- a large data center development in West Jordan
supported by an EDA Project.
- working with Murray City to redevelop a corridor of
land along the light rail and commuter rail corridors
through the city.
- developing the economic development strategy as
part of the consulting team lead by EDAW to prepare a
special area plan for the largely undeveloped
Northwest Quadrant of Salt Lake City.
- an industrial/commercial center on land that had
sat vacant for 25 years in West Valley City supported
by an EDA Project.
- a large mixed-use development in South Salt
Lake supported by an Urban Renewal Project.
- rebudgeting a mixed-use development in Holladay
by an Urban Renewal Project.
- rebuilding of the Cottonwood Mall as a mixed-use
development in Holladay supported by an Urban
- A feasibility analysis of a
development in Taylorsville on a large publicly
owned parcel to be supported by an
Urban Renewal Project.
- a detailed market analysis of a recreational
development in southeastern Idaho.
- a feasibility analysis of Cottonwood Heights
establishing their own Police Department.
- an evaluation of the feasibility of merging two not-
for-profits providing services to needy youth.
- an analysis of a residential development in South
Salt Lake to be supported by an Community
- a market analysis of a proposed cycle oriented
condominium development in Moab.
- a facilities analysis for a successful children
charity in Salt Lake City.
- A market analysis of a proposed extended care
facility development in Salt Lake City.
Yes, we are very much still in business and
actively serving our clients and helping "make things
Finally They Are Out!
- Thanks Marc!
- Who is getting hit the worst?
- Who is up?
- Who is down?
|Bonneville Research Website
Check out our Bonneville Research Website!
|UTAH ECONOMIC SNAPSHOT
Utah State Revenue Summary - Twelve
Utah State Government
General Government Fund
- Sales and Use Taxes
- Severance Taxes
- General Fund Total
-5.9% (-$115.4 M)
- Individual Income Tax
- Corporate Taxes
- Beer, Wine and Liquor Taxes
- Insurance Premium Taxes
- Public Education Total
+0.1% (+$28.31 M)
- Note: Utah Public Schools
enrollment growth is expected to be 2.6% or 13,650
- Motor Fuel Taxes
- Special Fuels Tax
- Motor Vehicle Registration Fees
- Transportation Fund Total
-0.8% (-$3.17 M)
Source: Utah State Tax Commission, TC-23,
September 16, 2008
- World Business Confidence
- Sentiment among global businesses has not
been materially affected by the renewed turmoil in
global financial markets. Global businesses are
worried, but this has been their mood for much of the
past year since the financial shock hit. European
businesses are the most nervous, followed closely by
those in the U.S. and Japan. Asian businesses
remain the most upbeat. A measurable improvement
in assessments of present overall business
conditions last week is encouraging if sustained.
Expectations about the business outlook into next year
remain firmly negative, however.
- The Conference Board Leading
- The Conference Board index of leading indicators
fell another 0.5% in August, the third decline in the
past four months. The index was pulled down by a
steep drop in residential building permits and shorter
delivery times for manufacturing shipments. The
weakening path for the leading index indicates that the
slowdown in the economy will persist. To date, the
leading index is down 3.7% from its peak, an amount
that equates to a mild recession.
- FOMC Meeting
- The Federal Open Market Committee held the fed
funds target rate steady at 2% for the third straight
meeting. The accompanying statement cites the
recent turmoil in financial markets and the ongoing
slowing in economic growth, but says that growth
should soon pick up. The statement notes recent high
inflation, but says this should ease, although it does
say that "the inflation outlook remains highly
uncertain." The FOMC cites both downside risks to
growth and upside risks to inflation that are
of "significant concern." There is no indication of a
bias toward lower rates, which will disappoint
financial markets. The decision to hold the fed funds
target rate steady was unanimous.
- Treasury International Capital Flows
- Net foreign purchases of U.S. long-term securities
dropped to only $6.1 billion in July from $53.4 billion
the prior month. This was the third straight monthly
decline, and it is all the more troubling because the
July U.S. trade deficit had widened to $62.2
- Risk of Recession
- The chance of the U.S. falling into a recession in
the next six months increased to 43% in August
compared with July's 35%. The economy's problems
are clearest in financial, housing and job markets.
Recent data are consistent with a sharp deceleration
in real GDP this quarter. Further, the odds are high
that real GDP will post a negative quarter or two
through the first half of next year.
- Current Account
- The U.S. current account deficit widened by 4.3%
to $183.1 billion in the second quarter of 2008, from a
revised $175.6 billion in the first quarter. The
consensus expected the deficit to widen to $180.9
billion. The deficit on goods widened to $216.3 billion,
while the surplus on services widened to $35.8
- Top-line consumer price inflation decreased from
5.5% in July to 5.4% in August on a year-ago basis.
On a month-to-month basis, the top-line CPI actually
fell by 0.1% in August. Core inflation stayed level at
2.5% on a year-ago basis, but declined from 0.3% to
0.2% on a month-to-month basis. The August
numbers confirm that inflation has peaked given the
recent decline in world oil prices.
- Industrial Production
- Industrial production fell 1.1% in August while
manufacturing production declined 1.0%. The decline
in manufacturing was led by the motor vehicle and
parts industry, but there was weakness across the
entire sector. A plunge in utility output amplified
weakness last month. Overall, the report was the
weakest industrial production report so far this year.
Manufacturing should continue to face significant
headwinds from weakness in the domestic
- State Personal Income
- U.S. personal income rose by 1.8% in the second
quarter of 2008 following an increase of 0.8% in the
first quarter. The second quarter increase was the
fastest since the first quarter of 2007 and reflected the
economic stimulus checks doled out by the
government during that quarter. The Southwest and
Southeast saw the fastest income growth while New
England posted the slowest growth during the
- Jobless Claims
- Initial claims for unemployment insurance rose
10,000 to 455,000 for the week ending September 13.
This was higher than expected. Although claims may
be remaining higher than their trend of 400,000
several months ago partly because of hurricanes in
the South, this increase points to a fragile labor
market that may be losing even more steam.
- New Residential Construction (C20)
- Construction came in much weaker than expected
in August. At a seasonally adjusted annual rate of
895,000, housing starts are 6.2% below the July
estimates and permits are 8.9% below July
estimates. This report suggests that the downturn is
still in full swing, although construction data can be
- NAHB Housing Market Index
- The NAHB housing market index did slightly better
than expected for September, coming in at a level of
18 in comparison to the forecast and consensus
values of 16 and 17. While there were slight
improvements in present sales and prospective buyer
traffic, the largest increase is in six months' sales
expectations. The data are thus the first sign that the
housing market has bottomed out at a national level,
even though many regions are still experiencing
- MBA Mortgage Applications Survey
- he MBA market composite indices experienced a
large increase for the week ending September 12, as
a steep fall in contract rates led to a wave of
refinancing. The market index was up by 33.4% for the
week; this large increase almost entirely accounted
for by an 88.1% surge in the refinancing index. The
purchase index also went up by a slight 2.4%. As
always, financial turmoil has led to a surge of
refinancing applications as interest rates fall, though
how many of these applications are approved is still
up for grabs.
- Chain Store Sales
- ICSC chain store sales plunged 1.6% in the week
ending September 13, the second consecutive
decline. Year-ago growth dropped to 1.3%, the
weakest since May. Working against sales in the
week were the fading lift from tax rebates and an
increase in gas prices.
- Oil and Gas Inventories
- Crude oil inventories declined by 6.3 million
barrels for the week ending September 12, according
to the Energy Information Administration. Gasoline
inventories fell by 3.3 million barrels. Distillate
supplies fell by 0.9 million barrels. Refinery operating
capacity fell to 77.4% from 78.3%. Total domestic
petroleum demand fell sharply. This report is
- Natural Gas Storage Report
- Working gas in underground storage increased by
67 billion cubic feet during the week ending
September 12, above consensus expectations of a 61
|BONNEVILLE RESEARCH - Working with clients to make things happen!
Bonneville Research is a Utah-based
firm providing economic, financial, market
research to public and private sector clients
throughout the intermountain west.
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