Aspen retailers post modest gains in 2018 | AspenTimes.com
YOUR AD HERE »

Aspen retailers post modest gains in 2018

Staff report

Aspen retailers combined to generate 3.8 percent more in sales in 2018 over 2019, according to the city Finance Department’s monthly consumption tax report issued last week.

Led by the accommodations sector, Aspen’s retail industry brought in $760 million last year, the report shows. All of Aspen’s retail segments, other than automobile, posted gains in 2018.

Here’s a snapshot:

• Accommodations —$220.5 million, up 1.7 percent over 2017

Support Local Journalism

• Restaurants/bars —$131.6 million, up 1.4 percent

• Sports equipment/clothing — $50.4 million, up 5.1 percent

• Clothing —$60 million, up 4.1 percent

• Food/drug — $57.2 million, up 1.9 percent

• Liquor — $10.7 million, up 2.2 percent

• Miscellaneous — $62.6 million, up 24.3 percent

• Construction — $57.9 million, up 0.3 percent

• Luxury goods — $30.7 million, up 3.9 percent

• Utilities — $46.1 million, up 6.4 percent

• Automobile — $20 million, down 3.8 percent

• Marijuana — $11.8 million, up 3.8 percent

The month of December, in the meantime, essentially mirrored December 2017 in sales, according to the report.

December accounted for $108.4 million in revenue, 0.1 percent higher than December 2017.

For all of 2018, the city collected $15.9 million through its 2.1 percent sales tax, slightly above the city’s forecast of $15.6 million for the year.

The city’s 1.5 percent lodging tax, which benefits Aspen tourism promotion, accounted 2.7 million in revenue last year, up 1 percent over 2017.

The 0.5 lodging tax reserved for transportation amounted to $913,089 in revenue for the city, a 1 percent improvement over 2017, the report shows.


Support Local Journalism

Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.

For tax deductible donations, click here.
 


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User



Local


See more