Aspen retailers enjoy solid September | AspenTimes.com

Aspen retailers enjoy solid September

Aspen Times Staff Report
Aspen, CO Colorado

ASPEN ” Aspen’s retail economy continued to hum along for the first three quarters of 2007, posting a 5.9 percent in sales over the same period last year, according to a report from the city’s finance department.

Retail sales for January through September were $387.8 million, data shows.

September, meanwhile, registered $35.3 million in sales, a 5.5 increase over September 2006.

The uptick in retail activity also reflected sales tax collections for city coffers. The city collected $9.5 million in sales taxes for the first nine months of the year, good enough for a 5.9 percent over the same period last year.

And in September alone, the city reeled in $844,389 in sales taxes. That’s a 6 percent increase over September 2006.

In the report, city finance director Paul Menter said that if trends hold for the rest of the year, the city is on pace to see $11.16 million in sales tax collections, a 5.4 percent increase over 2006.

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September didn’t, however, bode as well in lodging tax collections, seeing a 5 percent drop compared to September 2006, the report says. Even so, lodging taxes for the year are up 8 percent for the first nine months, data shows.

Menter projected the city to collect $1.155 million in lodging taxes by year’s end, which would represent a 6.7 percent increase over 2006.

Here’s a summary of the September performance for Aspen retailers, by industry:

” $7.9 million in sales, down 2.5 percent from September 2006

” $6.3 million in sales, up 2.7 percent

” $1.6 million, down .8 percent

” $3.6 million, down .5 percent

” $126,118, down 26.3 percent

” $44,389, down 57.8 percent

” $544,980, down 1.2 percent

” $2.5 million, up 9.9 percent

” $4.9 million, up 30.6 percent

” $2.2 million, down .6 percent

” $684,251, up 60.4 percent

” $664,915, up 63.4 percent

” $3.7 million, up 1 percent

” $521,138, up 13.8 percent