City sales on pace for 5 percent increase
GLENWOOD SPRINGS, Colorado – Retail sales for Glenwood Springs came in better than initially reported for September, though growth in sales has still leveled off some this fall, according to the city’s most recent sales tax report.
Adjusted sales tax numbers for September show retail sales within Glenwood Springs climbed 1.9 percent for the month compared to September 2011. The earlier report indicated an increase of 0.67 percent.
Michael Harman, finance director for the city of Glenwood Springs, said it’s common for some retailers to file their monthly sales tax reports late, especially at the end of a quarter. If some of the larger retailers are late, the final numbers can change significantly from the preliminary report, he said.
For the year to date through October, Glenwood Springs retail sales remain up nearly 6 percent compared to last year.
October saw another 1.5 percent increase in retail sales compared to the same month last year. Sales taxes for the month came in at $1,074,867, compared to $1,059,152 in October 2011.
Through October, the city had collected nearly $11.5 million in sales taxes with two months to go, including the busy holiday shopping season. The city brought in $13.3 million in sales taxes last year.
Sales of general merchandise, which is the largest single retail category for the city, are running about 1 percent ahead of last year.
The biggest increase this year has been in the apparel and accessories category, which had seen a nearly 55 percent increase through October. That increase follows a trend that started earlier this year when the new Ross Dress for Less store opened in the Glenwood Springs Mall.
Other sales categories continued to show gains, including building materials and supplies (7.5 percent); food stores (2.8 percent); automotive service stations (9.9 percent); home furnishings (2.3 percent); restaurants and bars (6.4 percent); and hotel/motel (11.9 percent).
Revenues generated from the city’s accommodations (lodging) tax also leveled off in October. The month marked a 0.46 percent increase compared to the October 2011. That, however, comes after the city has seen its lodging tax revenues increase anywhere from 5.4 percent to 18 percent for the previous nine months.
Taxes on overnight stays in Glenwood Springs continue on pace to come in more than 11 percent over 2011, according to the monthly lodging tax report.
The lodging tax goes to support tourism marketing efforts for the city, through the Glenwood Springs Chamber Resort Association. Through October, the tax had brought in $648,796.
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