Aspen retail sales up 3 percent through April |

Aspen retail sales up 3 percent through April

Aspen Times staff report
Aspen, CO Colorado

ASPEN – Retail sales in Aspen were down 2 percent for the month of April, but up 3 percent over last year for the first four months of 2010, according to a report issued Monday by the city Finance Department.

“The current report suggests Aspen’s recent declining economy is beginning to improve,” said the report from Finance Director Don Taylor.

For the period of January through April, tourist accommodations were down 1 percent, while restaurant and bar receipts were flat. Sports equipment/clothing sales were up 1 percent and clothing/T-shirt sales were up 12 percent.

Food and drug sales were down 2 percent for the year so far and liquor sales were flat.

General retail sales, however, were up 18 percent and sales in the specialty retail category were up 13 percent. Utility receipts were flat.

Sales tax collections were down 1 percent through April, but a drop in the city tax rate last September means year-to-year revenue comparisons are not relevant until the September 2010 report, according to Taylor.

Real estate transfer tax collections, paid when real estate changes hands, were down 20 percent through May, according to the report.

Overall sales in April totaled $20.1 million, according to the report. For the year, through April, sales totaled $182.2 million.

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