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Retail sales in Tri-Cities ‘much improved’

September 18th, 2013 9:22 pm by Hank Hayes

Retail sales in Tri-Cities ‘much improved’

JOHNSON CITY  — Retail performance in the Tri-Cities was mixed in this year’s second quarter but “much improved” over the previous quarter, according to an East Tennessee State University report released Wednesday.

ETSU’s Bureau of Business and Economic Research said retail sales increased 2 percent in Johnson City to $473 million and 1.8 percent in Kingsport to $375 million, while falling 5.8 percent in Bristol to $249 million.

Dollar sales in the Tri-Cities Combined Statistical Area (CSA) rose 1.5 percent to $1.7 billion during the quarter.

“This performance — while meager — did signal the end of four quarters in a row of declining real sales in the metro area,” the ETSU report said. “Among the seven counties, dollar sales and inflation-adjusted sales were higher in Hawkins, Carter, Washington and Sullivan counties (in Tennessee). Washington (in Virginia) saw slightly higher sales but retail volume was down. ... This is a welcome reversal of first quarter performance where all CSA counties reported lower real sales volumes.” 

Read more of this story in Thursday's print edition of the Times-News, or the expanded electronic edition

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