Retail sales figures take a big fall in June.Southland tally remains among nation's worst June retail sales tumbled 3 percent from June 1991, compared with a 4.2 percent surge for the nation as a whole during the same period, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. statistics published by the U.S. Department of Commerce. "Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, is in a lot worse shape than the rest of the country," said Ira Kalish, an economist with Management Horizons, a Dublin, Ohio-based retail consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a . "After some recovery in the first quarter, things have gone back into the tank," agreed Jack Kyser, chief economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the with the Los Angeles-based Economic Development Corp. When adjusted for a 3 percent inflation factor, Southland retail sales appear even more dismal, Kalish observed. However, the Southland retailing climate was particularly warm during June 1991 because consumers were still high on post-Persian Gulf War euphoria, noted Dave Stewart Dave Stewart is the name of several famous people:
The sale of non-durable goods, such as food, clothing and gasoline, also slipped 3 percent from June 1991 to June 1992. Kalish said the non-durable numbers surprised him. Durable goods durable goods Goods, such as appliances and automobiles, that have a useful life over a number of periods. Firms that produce durable goods are often subject to wide fluctuations in sales and profits. Also called consumer durables. such as furniture and automobiles are the items that have historically been socked during the recession, and not the more-expendable products, he said. Retail Sales Los Angeles County (in millions) 1992 June $5,756 May 5,793 April 5,493 March 5,477 February 5,196 January 5,325 1991 December $6,751 November 5,825 October 5,748 September 5,639 August 5,920 July 6,037 June 5,934 Source: U.S. Dept. of Commerce Put side-by-side with May 1992, the June figures lost out by 0.6 percent. Contrary to some months of the year, such as during the Christmas and back-to-school seasons, the discrepancy between May and June isn't seasonal, Stewart said. Rather, the numbers reflect a continual downward spiral for retail sales, he said. |
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