Retail Trade Rises 4% in OKC
Titus, Nancy Raiden, THE JOURNAL RECORD
A 10 percent increase in sales of general merchandise boosted retail trade in the Oklahoma City area a modest 4 percent to $1.3 billion for the second quarter of 1991, according to research conducted by the University of Oklahoma.
This compared with total retail trade of $1.28 billion for the second quarter of 1990 reported by the six counties in the Oklahoma City Metropolitan Statistical Area. Sales for the first six months of the year were up 3 percent to $2.6 billion, up from $2.5 billion a year earlier.
The seasonally adjusted trade figures were released by OU's Center for Economic and Management Research.
The capital city, Tulsa and the state all reported fairly even trade for the period, with almost all of the changes registering in the single digits. Tulsa had no double-digit changes, and only two categories in the state data reflected increases or decreases of 10 percent or more.
General merchandise sales in the Oklahoma City area were $312.97 million for the second quarter, up 10 percent from $284.36 million in 1990.
The category had a 5.9 percent increase for the first half of the year with $608.88 million, up from $575.16 million for the same period in 1990.
The metro area's largest sales drop was in the miscellaneous category, which fell 9 percent to $129.7 million for the second quarter from $143.16 million in 1990. The category also saw the largest decline for the first half of the year, with a 7 percent slide to $265.8 million from $285.8 million in 1990.
The largest increase in first half figures for the metro area was in the furniture group, which grew 8.8 percent to $182.3 million from $167.5 million a year earlier. For the second quarter, furniture group sales were up 8 percent to $88.3 million, from $81.5 million in 1990.
Other Oklahoma City area data included:
Food Group _ Up 5 percent to $545.66 million for the second quarter, from $518.2 million in 1990. First half sales were $1.05 billion, up 4 percent from $1.01 billion a year earlier.
Apparel _ Up 0.5 percent for the second quarter to $91 million, from $90.59 million in 1990. For the first half, sales in the category were up 2.7 percent to $185.1 million, from $180.2 million.
Lumber Group _ Down 7.5 percent to $46.46 million for the second quarter, from $50.2 million a year earlier. First half data indicated a smaller drop, 3.9 percent, to $100.6 million from $104.67 million in 1990.
Gasoline _ Up 5.5 percent for the second quarter to $114.88 million, from $108.9 million in 1990. Sales were up 3.7 …
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Publication information: Article title: Retail Trade Rises 4% in OKC. Contributors: Titus, Nancy Raiden - Author. Newspaper title: THE JOURNAL RECORD. Publication date: November 1, 1991. Page number: Not available. © 2009 THE JOURNAL RECORD. Provided by ProQuest LLC. All Rights Reserved.
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