General Plan Update - City of Inglewood

Figure 4-1
City of Inglewood Taxable Sales Trends: 1994 to 2004
(In ‘000s Constant 2005 Dollars)
$900,000
$800,000
$831,843
$776,518
$833,163
$700,000
$600,000
$674,973 $679,771
$630,484
$586,583
$605,810
$675,549
$522,915
$500,000
$400,000
$300,000
$480,565
$438,059
Retail
Non-retail
Total
$200,000
$100,000
$0
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
Source: Stanley R. Hoffman Associates, Inc.
California State Board of Equalization.
4-1 City of Inglewood Taxable Sales Trends: 1994-2004
4.2 City of Inglewood Taxable Retail Sales Trends: 1994 to 2004
• Taxable Retail sales in the City of Inglewood followed a pattern of initial decline from
1994 to1999 and then rose appreciably from 2000 to 2004. These trends can be explained
by stronger sales performance in key retail categories including General Merchandise,
Building Materials and Apparel.
• As shown in Table 4-2, General Merchandise, which is the single largest retail category
in the City, initially declined from $135.6 million in 1994 to $109.9 million in 2000 and
then increasing to $159.3 million by 2004 in constant 2005 dollars
• Building Materials and Apparel retail sales followed patterns similar to General
Merchandise, reaching a high of $65.1 million and $25.2 million, respectively.
• The spurt in General Merchandise and Apparel retail sales can be attributed to new big
box retail development in the City, including the Hollywood Park Marketplace. Similarly,
the growth in Building Materials sales can be attributed to the Home Depot store opened
recently at the same center.
Stanley R. Hoffman Associates, Inc. 41 Economic Conditions and Trends
April 20, 2006
City of Inglewood General Plan Update