Aspen reports 17 percent drop in July retail sales
Aspen, CO Colorado
ASPEN – Tourist-oriented sectors of Aspen’s retail economy continued to struggle in July – as did almost everything else – as overall sales posted a 17 percent drop from the same month a year ago, according to figures released this week by the city finance office.
July retail sales totaled $43.4 million, and total sales for the year through July stood at $266.6 million – an 18 percent decline from the same period in 2008, according to the city report.
Retail sectors that are dependent on tourist dollars – accommodations, sports equipment and clothing, clothing stores and specialty retail stores – in particular did not fare well, noted city Finance Director Don Taylor. Together, the four sectors make up half of the resort’s overall sales.
For the year so far, sales in every sector of the economy except general retail were down; receipts in the general retail category were flat. Accommodations were down 28 percent for the month and 25 percent for the year so far. Restaurant/bar business was down 14 percent both in July and for the year. Food and drug sales were down 5 percent for the month and 4 percent for the year so far, according to the report.
Lodging tax collections for July were down 32 percent from the same month in 2008, and down 27 percent for the year, the report said.