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January retail sales decline in Aspen

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The city of Aspen
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  January was a relatively slow month in downtown Aspen. Aspen Public Radio’s Carolyn Sackariason has the details.

 

Retail sales were down 5 percent compared to the same month last year. Consumers spent just over $77 million in January in Aspen, according to the latest consumption report released by the city. Luxury goods saw the largest decline, at 39 percent behind last year. Clothing sales were down 12 percent.

Industries posting the largest monthly gains were construction and liquor and marijuana, with 19 and 11 percent increases respectively.

January generally accounts for about 11 percent of the entire year’s sales and tax collections.  

So far this year, collections for real estate transfer taxes that fund the affordable housing program and the Wheeler Opera House are tracking between 67 and 70 percent behind 2015.