Aspen retailers see sales drop in Jan. | AspenTimes.com

Aspen retailers see sales drop in Jan.

Staff report

Four of Aspen’s biggest industry sectors experienced drops in sales in January compared with January 2015, part of the reason city retailers saw an overall decline of 5 percent.

That’s based on the city’s January Consumption Tax Report, which showed revenue dips in accommodations (hotels and lodges), restaurants and bars, sports equipment and apparel, and clothing (see factbox below).

Liquor and marijuana, however, enjoyed an 11 percent boost the first month of the year, while construction posted a 19 percent gain.

All told, Aspen retailers generated $77.4 million in revenue in January, while the city collected $1.7 million through its 2.1 percent sales tax, the report showed.

January historically accounts for 11 percent of the year’s sales and tax collections, the report said.


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