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LEDA releases August 2018 taxable sales

Posted at 2:18 PM, Nov 05, 2018
and last updated 2018-11-05 15:18:43-05

LAFAYETTE, La. – With more than $500 million in sales in August 2018 year-to-date taxable sales have reached $3.96 billion. Year-to-date sales are up 3.3% from 2017 and up 6.5% from 2016, according to Stacey S. Zawacki, Manager of Communication and Public Relations, Lafayette Economic Development Authority (LEDA).

Total taxable sales are up in neighboring municipalities- Broussard (15.2%), Carencro (11.6%), Duson (37.0%), Scott (16.6%), Youngsville (19.9%) and unincorporated areas of the parish (1.8%). Sales are down 0.1%, or $3.5 million, in the City of Lafayette.

Within the City of Lafayette, year-to-date sales are up in the auto, furniture, and miscellaneous/other categories- 4.3% to 5.8%, stated Zawacki. Food, apparel, general merchandise, building materials, and services are down- 1.2% to 7.0%.

“As the holiday shopping season approaches, it is vital that residents shop local. Shopping in local stores keeps more money in the community than shopping with many online retailers does,” says Gregg Gothreaux, President and CEO of LEDA. “Our forecasting model shows a strong end to the year with more than $1 billion in sales expected in November and December.”

Sales tax collection numbers are gathered by the Lafayette Parish School System.