Coming off a year-over-year increase of almost 11 percent and bolstered by the building material and food categories (we are, after all, now the "South's Tastiest Town"), Lafayette Parish retail sales in January were 16.5 percent higher than January 2011. Building materials and food increased 37.5 percent and 17.3 percent, respectively.

The momentum from a strong holiday shopping season appears to be carrying over into 2012, as the parish’s January retail sales totaled more than $427 million. Sales of more than $566 million in December pushed 2011 total retail activity to $5.34 billion — the second highest year on record after 2008. December sales were the highest recorded for any December, with the final tally for all of 2011 reflecting a 10.9 percent increase over 2010.

“Seeing strong retail sales numbers in January will continue to boost local consumer confidence levels in the first quarter,” says Gregg Gothreaux, president and CEO of the Lafayette Economic Development Authority. “National estimates for February retail sales are promising, and we see no reason to expect local retail sales to veer from that trajectory.”

For January, all other categories showed increases over 2011, except furniture, which is down 9.7 percent from 2011. The general merchandise category, which finished 2011 down less than 1 percent, saw a 5.1 percent increase.

To post a comment, please log into your IND account. If you do not have an account, click the "register" button to create one. Facebook comments can be used as an alternative to creating an account at theIND.com.

Loading
Chart
ABiz Stock Watch
o Home Bancorp 22.69 ▼0.17 (-0.74%)
o Frank's International 17.07 ▲0.11 (0.65%)
o IberiaBank Corp 67.66 ▲0.98 (1.47%)
o LHC Group 24.49 ▲0.67 (2.81%)
o MidSouth Bancorp 18.91 ▼0.09 (-0.47%)
o Petroquest Energy 4.45 ▼0.07 (-1.55%)
o PHI Inc. 42.69 ▲1.69 (4.12%)
o Superior Energy 25.23 ▲0.53 (2.15%)
o Stone Energy 25.40 ▲0.51 (2.05%)
o Facebook Inc. 75.86 ▼4.91 (-6.08%)
o Twitter Inc. 42.08 ▼1.70 (-3.88%)
o Gannett 32.04 ▲0.36 (1.14%)
NYSE:HBCP

Home Bancorp

Company ID [NYSE:HBCP] Last trade:22.69 Trade time:3:58PM EDT Value change:▼0.17 (-0.74%)
NYSE:FI

Frank's International

Company ID [NYSE:FI] Last trade:17.07 Trade time:4:02PM EDT Value change:▲0.11 (0.65%)
NYSE:IBKC

IberiaBank Corp

Company ID [NYSE:IBKC] Last trade:67.66 Trade time:4:00PM EDT Value change:▲0.98 (1.47%)
NYSE:LHCG

LHC Group

Company ID [NYSE:LHCG] Last trade:24.49 Trade time:4:00PM EDT Value change:▲0.67 (2.81%)
NYSE:MSL

MidSouth Bancorp

Company ID [NYSE:MSL] Last trade:18.91 Trade time:4:01PM EDT Value change:▼0.09 (-0.47%)
NYSE:PQ

Petroquest Energy

Company ID [NYSE:PQ] Last trade:4.45 Trade time:4:01PM EDT Value change:▼0.07 (-1.55%)
NYSE:PHII

PHI Inc.

Company ID [NYSE:PHII] Last trade:42.69 Trade time:4:00PM EDT Value change:▲1.69 (4.12%)
NYSE:SPN

Superior Energy

Company ID [NYSE:SPN] Last trade:25.23 Trade time:4:05PM EDT Value change:▲0.53 (2.15%)
NYSE:SGY

Stone Energy

Company ID [NYSE:SGY] Last trade:25.40 Trade time:4:03PM EDT Value change:▲0.51 (2.05%)
NYSE:FB

Facebook Inc.

Company ID [NYSE:FB] Last trade:75.86 Trade time:4:00PM EDT Value change:▼4.91 (-6.08%)
NYSE:TWTR

Twitter Inc.

Company ID [NYSE:TWTR] Last trade:42.08 Trade time:4:00PM EDT Value change:▼1.70 (-3.88%)
NYSE:GCI

Gannett

Company ID [NYSE:GCI] Last trade:32.04 Trade time:4:02PM EDT Value change:▲0.36 (1.14%)
Advertisement

Read the Flipping Paper!

Click Here for the Entire Print Version of
ABiz
 
Advertisement
Advertisement