Posts tagged: retail sales
Taxable retail sales as well as retail trade fell in Spokane last year, unlike most other metro areas, including its plucky offspring, Spokane Valley.
Taxable sales totaled $3.6 billion in Spokane in 2011, a 1.2 percent dip over 2010, the state Department of Revenue said today.
And retail trade, a component of all taxable sales that includes retailers but excludes other industries, was $1.8 billion in Spokane last year. That's a decline of 2.3 percent over 2010.
The numbers were better elsewhere. Statewide, taxable sales increased 3 percent, and were up 4.2 percent in King County, 5.7 percent in Vancouver and 6.6 percent in Seattle. Sales did dip 0.6 percent in Tacoma and 1 percent in Pierce County.
And despite the slowdown in Spokane, taxable retail sales were up 2.2 percent throughout Spokane County, to $6.9 billion. The retail trade in the county rose 1.4 percent last year, to $3.4 billion.
And that brings us to Spokane Valley: retail sales in 2011 were $1.7 billion, or 5.9 percent higher than the year before. Retail trade there was up 5.3 percent year over year.
In other local cities, taxable retail sales in 2011 were:
Airway Heights: up 2.3 percent
Cheney: up 20 percent
Deer Park: down 9 percent
Liberty Lake: up 10 percent
Medical Lake: up 17 percent
Millwood: up 3 percent
Spokane's downtown Restoration Hardware closes its doors at the end of business on April 16.
North Face will move into 714 W. Main, now occupied by Restoration Hardware. Construction will begin in May with an opening projected for late summer or early fall opening.
The store will feature an indoor climbing wall, said a press release. This will be the first North Face outlet in Spokane. Restoration Hardware officials said on Thursday they could not comment on whether they will relocate the Spokane store.
River Park Square is owned and operated by the Cowles Co. The Cowles Co. also operates The Spokesman-Review and Spokesman.com
Spokane County reported total 4th quarter retail sales were up by a tiny 0.66 percent, compared with the year before.
That's the first fourth-quarter retail sales gain since 2008.
For the full 2010 year, Spokane County retail sales fell 2 percent. Avista Economist Randy Barcus said that's fairly impressive, since the previous year, 2009, was 10 percent off the year before.
“I expect consumer spending will have modest increases in 2011,” Barcus predicted in a newsletter from Greater Spokane Inc.
At the same time, Barcus said rising gas prices may pull consumer spending down somewhat.
Retail sales in Spokane County took a dip in the second quarter, while sales fared better in Western Washington metro areas.
Taxable retail sales in the county totaled $1.7 billion for April through June, down 2.7 percent from the second quarter of 2009, the Washington State Department of Revenue said today.
By comparison, sales were down 1.8 percent in King County and up slightly in Pierce, Snohomish and Clark counties, the agency said.
Just looking at store sales – the mall and main street trade – taxable sales for the quarter were $841 million in Spokane County. That was unchanged from the same quarter last year.
In the city of Spokane, total retail sales were $918 million, down 3.5 percent. Store sales were down 0.3 percent, to $448 million, the revenue department reported.