Out-of-town dollars impact retail sales trends
The topic this month is retail sales. We will examine and compare total and per capita retail sales in Colorado, Northern Colorado, Larimer and Weld counties. Recall from my earlier columns that retail sales are a demonstration of the purchasing power of new employees, residential and commercial construction, retiree relocations and various types of visitors.
Total retail sales in Colorado in 1987 were $37.7 billion, increasing to $114 billion in 2004 – tripling in 17 years. Northern Colorado total retail sales in 1987 were $2.7 billion, increasing to $10.5 billion in 2004, 3.9 times greater over the period.…
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