Lafayette Parish recorded more than $530 million in taxable retail income in February — the maximum mark the parish had at any time found for the month of February, in accordance to information from the Lafayette Financial Improvement Authority.
By the initially two months in 2021, the parish’s revenue have totaled about $1.1 billion, an increase of 9.6% from the same period in 2020. The February profits overall was up 14% from February 2020. Sales ended up down slightly — about 1.4% — from January.
Traditionally, income have dropped drastically from January to February, with February ordinarily being a single of the lowest months for income. But February 2021 did not see quite the exact fall. Previous calendar year, sales dropped 8.6% from January to February.
Additional:Lafayette Parish sees history $538 million in gross sales for January
“As we’ve passed the 1-yr anniversary of business enterprise closures due to the distribute of COVID-19, it’s quite reassuring to see retail income continue on at a brisk speed,” stated Gregg Gothreaux, president and CEO of the Lafayette Economic Development Authority. “We’ve rallied to help local merchants, dining places and service companies in the previous year, and I hope to see that development keep on. These companies are the lifeblood of our economic climate.”
The Town of Lafayette saw sales enhance from January to February for the 1st time considering the fact that 2016. In February, the town recorded approximately $362 million in gross sales, up 12.7% from February 2020. On the year, the Town of Lafayette has recorded $722.7 million in sales, an improve of 8% from 2020.
More:Inspite of COVID, Lafayette Parish breaks retail product sales file in 2020
Various industries in just the Metropolis of Lafayette have noticed improvement in their calendar year-to-day revenue from the initially few of months in 2020. Standard items profits are up 3.5%, recording additional than $200.1 million on the 12 months.
Automotive income are up 2.5% from the initial two months of 2020, recording around $86.6 million. Constructing materials revenue are up 9.4% with additional than $68.8 million. Gross sales for providers are up 2.8% with $53.1 million on the 12 months. Other gross sales totaled $84.1 million, up 51.8%.
Other kinds of organizations have found income slide from early 2020, while their product sales did not commence to tumble owing to COVID-19 until eventually March. So far in 2021, food stuff profits are down 1.6% with $168.6 million in sales on the calendar year.
Apparel income are down 9.2% with $21.8 million. Home furniture revenue are down 11.1% with $39.5 million.
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All of Lafayette Parish’s other municipalities noticed enhancement more than February 2020 and all are exceeding their 2020 12 months-to-date totals.
Carencro recorded $29.5 million in profits in February, an improve of 44.5% from February 2020. On the year, Carencro has practically $61 million in revenue, up 43.2% on the yr.
Duson experienced about $3 million in revenue in February, up 39.1% from February 2020. On the year, Duson has just about $6 million in income, up 25.4% from 2020.
Scott totaled $21.6 million in February, up 18.3% from February 2020. On the 12 months, Scott has recorded $44.2 million, up 12.1% from 2020.
Youngsville recorded $28.8 million in February, up 27.3% from February 2020. On the yr, Youngsville experienced $58.5 million in profits, up 23.3% from 2020.
Broussard experienced $43.5 million in February, up 7.3% from February 2020. On the yr, Broussard has $86.5 million in income, up .6% from 2020.
The unincorporated parts of the parish have recorded $42.3 million in profits in February, up 5.3% from February 2020. On the 12 months, the region has recorded $90 million, an improve of 5%.
