Yelm’s retail sales increases, though higher, lagged behind every major city in the County, as well as the County figures. A contributing factor may be that Yelm’s retail sales are so heavily dependent on Wal-Mart, which has had some issues (see below).
– “Thurston County retail sales rise 10 percent in first quarter”
“Thurston County taxable retail sales rose 10 percent in the first quarter of the year, a sign that the economic recovery is well underway.
“That’s according to the state Department of Revenue, which released retail sales numbers for the state and its counties this month.”
Here’s the overall retail sales growth for the county and its largest cities, year-over-year for the first quarter:
▪ Thurston County: Rose 9.8 percent to $997.6 million from $908.4 million.
▪ Olympia: Rose 9 percent to $442.8 million from $406.1 million.
▪ Lacey: Rose 12.3 percent to $235.3 million from $209.5 million.
▪ Tumwater: Rose 9.7 percent to $113.6 million from $103.5 million.
▪ Yelm: Rose 8.5 percent to $42.6 million from $39.2 million.
The state Department of Revenue also releases a separate category of retail sales data that reflects consumer purchases. Here’s how the county and its largest cities did:
▪ Thurston County: Rose 7.5 percent to $516.7 million from $480.6 million.
▪ Olympia: Rose 7.6 percent to $239.2 million from $222.5 million.
▪ Lacey: Rose 6.6 percent to $131.6 million from $123.5 million.
▪ Tumwater: Rose 5.3 percent to $59.4 million from $56.4 million.
▪ Yelm: Rose 6.1 percent to $25.4 million from $23.9 million,” quoting Rolf Boone, The Olympian.
– “Wal-Mart profit misses estimates; cuts outlook as pharmacy margins bite”
“Wal-Mart Stores Inc (WMT.N) reported weaker quarterly earnings and lowered its annual forecast on Tuesday [Aug 18], as it copes with higher labor costs, a squeeze on pharmacy margins and sliding sales at its British supermarket chain,” quoting Nathan Layne, Reuters.