Retail sales are but one barometer of an area’s economic health, but they’re a key indicator. And retail sales in Lafayette Parish are poised to handily beat 2009 and 2010’s numbers — likely leaving the record set in 2008 in tact. So far this year, retail sales are 10.8 percent higher than at this time last year.
Activity for September totaled $468 million, an increase of 11.4 percent over September last year, when $420 million in goods and services were sold.
LEDA’s forecasting model shows that retail activity will total about $5.33 billion, about $44 million more than last year. If achieved, that total would be the second best year ever.
September hotel/motel receipts totaled $5.14 million, an increase of 2.8 percent over September of 2010’s $5 million. LEDA notes that hotel/motel receipts are outperforming 2010, as year-to-date receipts are 12.9 percent higher than the same period in 2010.
A breakdown shows that general merchandise is the only category that is not outperforming 2010; it’s down 2.1 percent to $873 million. Food is up 10.3 percent to $612 million, apparel 6.1 percent to $147 million, auto 8.6 percent to $313 million, furniture 2.3 percent to $187 million, building materials 8.8 percent to $325 million, service 6.4 percent to $211 million and the “other” category 9.8 percent to $199 million.
Albeit by a very small margin, Lafayette Parish retail sales in 2010 beat 2009 when they reached above the $4.8 billion mark.
State bar foundation bestows honor on founder and managing partner of NeunerPate
National awards recognize outstanding achievement in leadership development and leadership programs
A federal court magistrate has issued a seven-page schedule of hearings, conferences and deadlines leading up to January’s trial aimed at determining how much money BP will owe in Clean Water Act fines as a result of its 2010 Gulf of Mexico oil spill.
The state’s “greedy trial lawyers” haven’t scared this oil giant away.
Smaller Microsoft Store installations sell a wide array of Microsoft products (Windows phones, Surface tablets and Xbox consoles) but don’t include everything.
See cutting-edge technologies Thursday in brief presentations/demonstrations from 3rd Dimension Media, C&C Technologies, Cimation and UL Lafayette School of Engineering.
C & C Technologies, HIT Fitness, R3 Sciences, the Acadiana Symphony Association and the United Way of Acadiana recognized for innovation.
Under the deal, Teche shareholders would get 1.162 shares of IberiaBank for each share of Teche stock.
Dave Perkins, LCG Comp Plan honored along with local architects and designers at the 2014 INDesign Awards
Greg Manuel’s Lafayette-based residential development company is taking advantage of exponential industrial growth in Lake Charles.
Longtime Lafayette retailer ventures online.
The annual juried competition recognizes excellence in architecture, interior design and historic preservation in Lafayette and the five surrounding parishes.
It’s not how aggressive or conservative you are — it’s planning for risk that matters most.
Cypress Bayou GM hosts open house.
Thanks to cutting-edge digital technology, more and more consumers are banking on ATMs and mobile phones.
Regional bank bids farewell to Downtown May 30
ABiz takes a look back at the most noteworthy moments for the local banking industry over the last year.
Most experts say short-term interest rates will be unchanged through 2014, but long-term rates are inching up.
New hires, promotions, transfers in Acadiana business
The scion of a landmark Four Corners restaurant climbs back into Lafayette’s culinary scene as franchisee for a popular burger chain.
Largest recruitment event in Acadiana returns May 21 to the Cajundome Convention Center
A lawyer’s ad should only be a starting point, as there is much more to consider when seeking quality representation.
Thanks to the inaugural 2012 INNOV8, a design for lifting heavy objects was brought to market.
His company bankrupt and being liquidated, the Lafayette businessman’s financial troubles are mounting.
Georgia-based fried chicken chain would go up against Raising Cane’s, Chick-fil-A and others (like the Popeyes near its proposed location).