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Oct. 9, 2009 at 9:31am Taxable sales decline 14 percent during second quarterTaxable retail sales declined 14 percent to $25 billion during the second quarter of 2009 compared to the same period in 2008, the Washington State Department of Revenue reported today. The April-through-June sales decline is the largest one on record. Sales dropped 12.8 percent during the first quarter of 2009, and 10.8 percent during the fourth quarter of 2008, the second- and third-largest declines since reliable records have been kept beginning in 1974. Pierce County was even worse than the state average with a drop in taxable retail sales of 14.1 percent. Retail trade, a component of all taxable retail sales that includes retailers, but excludes other industries such as services and construction, dropped 10.7 percent to $11.1 billion. Among the largest industries, retail sales from construction dropped 26 percent to $4.3 billion; motor vehicle and parts dropped 21 percent to $2.3 billion; accommodations and food services dropped 5.2 percent to $2.7 billion; general merchandise stores declined 0.4 percent to $1.6 billion, the retail component of wholesale trade declined 18.8 percent to $1.9 billion, miscellaneous retailers dropped 17.3 percent to $1.2 billion, information services dropped 4.1 percent to $1.2 billion, and building materials, garden equipment and supplies dropped 11.5 percent to $1.3 billion. Plenty more in the Archives The comments function of the Business Examiner community is meant to encourage conversations and spark ideas about business issues in the South Sound. The feature is free and open to members of the public who register basic log in information. Comments should be concise, on topic and avoid attacks, profanity or abusive language or content. Comments that are deemed to violate this policy will be removed. |