General Plan Update - City of Inglewood

Chapter 2 Community Development
$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
Figure 2.3-14 City of Inglewood Taxable Sales Trends: 1994 to 2004 (in ’000s
Constant 2005 Dollars)
SOURCE: Stanley R. Hoffman Associates, Inc., California State Board of Equalization.
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 2.3-19, 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.
2.3-30
City of Inglewood General Plan Update Technical Background Report