Published on : Tuesday, July 11, 2017
May has proved to be another strong month in terms of tourism and visitor spending followed by the launch of Dick’s Sporting Goods and Ulta Beauty — two stores new to Pueblo – improved the economy of the place. Just a year ago, the sales activity was increased by 3.7 percent as per the city of Pueblo’s May sales tax report forecasted over the weekend. From a year in advance, consumer spending increased by 4.4 percent. However, few of that expansion were compensated by a drop-off in outside construction and equipment spending.
Sales activity from January till May increased 2.2 percent, building on the nonstop growth of 7 percent last year and 2015 that came as Pueblo recovered from the 2007-2009 U.S. recession.
The June sales tax report is outstanding early next month.
However, the geographic breakdown of May sales pin points a 60 percent rise in annual spending in the areas like the Pueblo Crossing shopping center, where Dick’s opened in mid-April and Ulta opened on May 5.
The city never publishes company-specific tax datas to the public. Nevertheless, the growth tracks with the shopping center’s development which started from October 2016 with the arrival of Western retailer Cavender’s.
Somewhere else, May was yet a new busy month in terms of tourism and visitor spending with hotel revenues shooting up to 16 percent from a year earlier.