May 24, 2022

Alice-in-chains

Automotive forever

Lafayette Parish continues record retail sales hot sales streak

Lafayette Parish recorded $619.9 million in taxable retail sales in May, giving the parish three consecutive months with more than $600 million in sales for the first time on record, according to data from the Lafayette Economic Development Authority.

May was the fifth-best month for retail sales in the parish’s history, according to LEDA. May’s sales were up 26.6% from $489.8 million in May 2020, when the COVID-19 pandemic and health-related restrictions were at their peak.

“Our community continues a healthy rebound from 2020. This is the first time we’ve had sales over $600 million for three consecutive months,” said Gregg Gothreaux, president and chief executive of LEDA. “LEDA’s forecast through May shows the potential for another record-breaking year with projected taxable sales between $6.8 and $7.3 billion.”