Monday Report
Second Qtr Major City Retail Sales October 13th, 2008

Bonneville Research Website





Taxable Retail Sales Qtr.2 2006 to Qtr.2 2008

RankCityTaxable Sales 2006 Q2 Taxable Sales 2007 Q2Taxable Sales 2008 Q2 % Change
1Salt Lake City$1,228,306,744 $1,371,733,321$1,343,073,365 9.3%
2Sandy $474,601,450 $482,999,852 $514,576,8358.4%
3West Valley City$470,005,039 $512,888,701 $488,804,8354.0%
4Orem $482,413,239$510,544,395 $464,532,652-3.7%
5Murray $426,149,700$454,059,304 $420,496,226-1.3%
6St George$455,983,848 $461,988,822$378,410,763 -17.0%
7South Salt Lake$408,192,309 $436,060,984$368,047,516 -9.8%
8West Jordan$301,556,191 $324,300,278$345,633,054 14.6%
9Ogden $317,835,523$347,776,794 $328,059,7313.2%
10Provo $295,694,747$305,913,384 $313,042,1395.9%
11Layton $299,743,853$319,944,178 $307,470,7192.6%
12Logan $179,174,563$194,601,229 $207,294,97715.7%
13Draper $148,018,096$148,018,096 $197,393,54833.4%
14Vernal $137,411,452$156,683,484 $185,601,18935.1%
15American Fork$154,296,199 $173,481,252$170,143,375 10.3%
16Riverdale $158,543,053$173,733,829 $160,852,6841.5%
17Taylorsville $114,887,039$127,792,993 $155,351,20835.2%
18Midvale $152,590,666$158,438,103 $147,204,188-3.5%
19South Jordan$115,561,798 $141,411,787$145,209,520 25.7%
20Bountiful $106,382,900$115,015,626 $139,851,39631.5%
21Cedar City$146,524,050 $151,136,561$138,945,683 -5.2%
22Lehi $84,943,741$117,361,783 $115,437,33035.9%
23Cottonwood Heights $107,585,110
24Tooele City$84,753,123 $94,657,273$103,402,980 22.0%
25Lindon $112,016,580$122,138,517 $100,752,850-10.1%
26Centerville $75,833,919$77,423,988 $89,867,68118.5%
27Spanish Fork$69,436,860 $78,763,316$86,019,676 23.9%
28Springville $80,188,915$85,176,307 $85,770,6047.0%
29Park City$74,200,975 $84,836,956$84,245,843 13.5%
30Riverton $44,165,063$53,548,029 $79,021,38578.9%
31Price $63,861,555$70,921,735 $76,038,21919.1%
32North Salt Lake$51,526,007 $83,193,348$70,373,258 36.6%
33Roy $50,033,215$57,075,511 $66,078,26832.1%
34South Ogden$49,237,191 $55,035,917$62,855,307 27.7%
35Holladay $53,016,269$54,569,261 $61,822,26616.6%
36Kaysville $49,314,922$56,683,199 $59,799,61121.3%
37Brigham $46,233,521$52,572,991 $57,953,71825.3%
38Richfield $55,091,188$58,224,809 $56,577,0972.7%
39West Bountiful$35,992,795 $42,861,952$55,322,276 53.7%
40Clearfield $45,994,045$50,881,155 $55,029,79619.6%
41Pleasant Grove$44,994,183 $58,027,832$54,547,504 21.2%
42Moab $45,911,258$49,964,623 $52,989,37115.4%
43Payson $43,389,196$47,429,876 $50,370,63716.1%
44Roosevelt $35,959,100$44,272,730 $50,052,06239.2%
45Woods Cross$64,236,526 $64,236,526$43,850,871 -31.7%
46Farmington $27,718,333$34,477,824 $41,634,14550.2%
47Heber $40,335,919$41,266,890 $40,550,3700.5%
48Hurricane $38,350,165$40,533,094 $38,819,3671.2%
49Tremonton $23,431,203$27,624,815 $31,414,43634.1%
50Kanab $17,786,356$17,892,808 $17,959,4531.0%
51Nephi $15,732,247$15,727,776 $14,967,535-4.9%
52Delta $14,022,553$14,022,553 $14,010,493-0.1%
53Springdale $12,710,730$13,799,252 $13,848,9759.0%
54Blanding $7,116,027$8,312,089 $10,377,10945.8%
55Beaver City$9,609,788$7,518,598$9,704,0151.0%
56Morgan City$8,213,310 $8,766,015$9,462,393 15.2%
57Monticello $4,799,107$5,051,408 $7,111,03748.2%
Total $8,207,639,095$8,991,381,841 $8,895,618,6508.4%

Source: Utah State Tax Commission, October 2008

Who is Up? Qtr.2 2006 to 2008

  1. Riverton up 78.9% ($34.9M)
  2. West Bountiful up 53.7% ($19.3M)
  3. Farmington up 50.2% ($13.9M)
  4. Monticello up 48.2% ($2.3M)
  5. Blanding up 45.8% ($3.3M)
  6. All Major Cities up 8.4% ($8,895.6M)

Who is down? Qtr .2 2008

  1. Woods Cross down 31.7% ($20.4M)
  2. St George down 17.0% ($77.6M)
  3. Lindon down 10.1% ($11.3M)
  4. South Salt Lake down 9.8% ($40.1M)
  5. Cedar City down 5.2% ($7.6M)

Grants for Small Technology Businesses!

  • Small Business Program
  • POSTED: 9/22/2008
  • ELIGIBILITY: Small businesses in highly technical and scientific fields
  • $ AVAILABLE: 5,000,000
  • MAX GRANT SIZE: $150,000
  • DEADLINE: 1/14/09 (LOI); 2/25/09 (final)
  • CONTACT INFORMATION: &mode=VIEW&flag2006=true&oppId=18399 DESCRIPTION: Grants to bring university researchers and small businesses together to stimulate technological innovation.


  • Buck's Pizza
  • Buck's Pizza Franchising, Inc. trades as Buck's Pizza at 60 locations nationwide.
  • The pizzerias occupy spaces of 1,200 sq.ft. to 2,400 sq.ft. in freestanding locations, strip centers and urban/downtown areas.
  • Growth opportunities are sought throughout the existing market during the coming 18 months.
  • A vanilla shell is required.
  • The company is franchising.
  • For more information, contact
    • Lance Benton or Evelyn Benton,
    • Buck's Pizza Franchising, Inc.,
    • PO Box 405,
    • Dubois, PA 15801;
    • Web site:
  • Fudgery
  • Fudgery, Inc. trades as Fudgery at 32 locations throughout AL, FL, IL, LA, MA, MD, MO, NC, NV, NY, PA, SC, TN, TX and WA.
  • The specialty chocolate shops occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in entertainment, outlet and tourist centers, in addition to urban/downtown areas.
  • Growth opportunities are sought nationwide during the coming 18 months.
  • Typical leases run five years with one, five-year option.
  • A vanilla shell and tenant improvement allowance are required.
  • For more information, contact
    • A.C. Marshall,
    • Fudgery, Inc.,
    • 119 Green Street Northeast,
    • Gainesville, GA 30501;
    • Web site:


Major City Retail Sales

  • Second Quarter 2008
  • Who is up?
  • Who's down?

Bob Springmeyer

Bonneville Research

  • Bonneville Research Website
  • Check out our Bonneville Research Website!

    Bonneville Research
  • Utah State Revenue Summary - First and Second Months FY2008-09

    Not Yet Available!

    Source: Utah State Tax Commission, TC-23, normally available by the 16th or so each month.

    • World Business Confidence
    • Global business confidence remains very low and consistent with a global recession. U.S. businesses are the most pessimistic, followed closely by European and Japanese firms. Expectations regarding the outlook six months from now plunged last week to a new record low. Hiring intentions are also very soft. In one hopeful sign, equipment and software investment improved last week after falling sharply the week before. Pricing pressures have also abated and show few signs of this summer's record oil and other commodity prices. The global economy is contracting according to the survey results.
    • FOMC Monetary Policy
    • In an emergency move, the Federal Open Market Committee lowered the fed funds target rate from 2% to 1.5%, in an action coordinated with other central banks. The statement cites weakening growth and the intensifying turmoil in financial markets. The statement also says that inflation should slow. The decision was unanimous. The Fed also lowered the discount rate 50 basis points, to 1.75%. The emergency, coordinated rate cut is an indication of the depths of the current crisis.
    • Consumer Credit (G19)
    • Total consumer credit balances fell by $7.9 billion in August finishing at a total of $2.577 trillion. This was by far the largest decline in the level of consumer credit on record, although it was not the largest percentage decline. The drop was mainly due to the effect of extremely weak vehicle sales on nonrevolving credit balances.
    • JOLTS
    • Job Openings and Labor Turnover Survey data provide supporting evidence for weakness in the labor market, which began at the beginning of this year. At the end of August, the number of new hires stood at 4.07 million, while separations increased to 4.39 million. During the four months, separations exceed hires in three months. Meanwhile, the level of jobs openings fell to 3.3 million, the lowest pace since 2004.
    • International Trade (FT900)
    • The U.S. trade deficit narrowed to $59.1 billion in August. The consensus had expected a similar narrowing, to $59 billion.
    • Import and Export Prices
    • Import prices declined a larger than expected 3% in September. This is the second consecutive decline and its largest since the 2003. Import prices are expected to moderate further as oil and other commodity prices have fallen sharply. The moderation in import prices is positive news on the inflation front and will allow the Federal Open Market Committee to take interest rates closer to 1%.
    • Wholesale Trade (MWTR)
    • Wholesale inventories rose by 0.8% in August, surpassing consensus expectations, following an upwardly revised 1.5% gain in July. Sales unexpectedly declined by 1% in August compared with a downwardly revised -0.8% decline in July. The inventory-to-sales ratio rose by two-hundredths of a point from an upwardly revised 1.08 to 1.10 in August
    • Jobless Claims
    • Initial claims for unemployment insurance decreased 20,000 to 478,000 for the week ending October 4. This was below our expectations. Still- elevated and indicative of a weak labor market, claims are coming down from their peak as the effects of recent storms wane.
    • Pending Home Sales
    • The pending home sales index surged 7.4% in August to 93.4. The level of pending home sales in July was revised higher as well. This increase exceeded our expectations for a 2.5% decline. The index in August stood at its highest level in more than a year. The surge in the index was concentrated in the West. The increase in pending home sales offers evidence that buyers may be taking advantage of falling house prices.
    • MBA Mortgage Applications Survey
    • The MBA market composites recovered somewhat in the week ending October 3. The market index increased by 2.2%, being led this week by purchase applications as the purchase index increased by 3.2%. The refinance index increased by 0.9%. The demand side of the market nevertheless remains weak, as credit tightening is scaring away most borrowers other than those who can amply meet Fannie and Freddie lending requirements.
    • Chain Store Sales
    • Chain store sales rose 1.0% in September, at the high end of the ICSC projection but well below numbers circulating Wednesday. Gasoline prices are supporting growth, lifting sales at warehouse clubs. Discounters and other value-oriented retailers outperformed as financially pressed consumers are focusing on necessities and lower-priced goods.
    • Oil and Gas Inventories
    • Crude oil inventories soared by 8.1 million barrels for the week ending October 3, according to the Energy Information Administration. Gasoline inventories rose sharply by 7.2 million barrels. Distillate supplies fell by 0.5 million barrels. Refinery operating capacity improved to 80.9% from 72.3%. Total domestic petroleum demand fell for the fifth consecutive week. This report is bearish.
    • Natural Gas Storage Report
    • Working gas in underground storage increased by 88 billion cubic feet during the week ending October 3, slightly above consensus expectations of an 86 bcf build in stocks.

  • Election Day 
2008 countdown banner

  • BONNEVILLE RESEARCH - Working with clients to make things happen!

    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.

    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 Effectiveness

    Each of our studies is tailored to address the unique needs of our clients and their communities.

    Successful client work requires a superior team of outstanding people working fluidly together.

    Bonneville Research is the one firm with the experience and expertise to help businesses, governments and nonprofit organizations solve their toughest problems.

    We work to help clients achieve enduring results and improve the communities in which we live.

    If we can help, please call or email us at

    • Bob
      • 801-364-5300
    • Jon
      • 801-746-5706

    :: 801-364-5300

    Note from Bob Springmeyer:

    As some of you may know I am the Democratic Candidate for Utah Governor.

    I have always considered myself a "pro-business" moderate in the great tradition of Governors Rampton and Matheson.

    It is my hope that I can continue to send out the Monday Report weekly without interruption.

    The Monday Report has always reflected my business and economic development values.

    I don't intend for the Monday Report to become a campaign tool, but if you are interested in my campaign and want to be supportive, please click on the link below.


    Bob Springmeyer

    The good education, good jobs, good health and good government candidate for Utah Governor

    Election Date: November 4th, 2008

    November 4th, 2008

    Email Marketing by