Aug
25

Grand Strand Retail Sales Down

By
August 24, 2008

Retail sales on the Grand Strand fell in May according to data recently released by the S.C. Department of Revenue and Taxation.

Gross sales fell from about $888.1 million in April to about $860.3 million in May, mirroring the statewide drop from $13.1 billion to $12.3 billion.

“We think it’s the high gasoline prices taking income away from people,” said Bill Gillespie, chief economist with the state’s Board of Economic Advisors.

That brings Grand Strand retail sales to about $4.6 billion for the period December through May, down from $4.9 billion during the same period last year.

LINK TO ARTICLE HERE:

http://thesunnews.typepad.com/shoptalk/2008/08/retail-sales-do.html
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