Discretionary Retail Sales

Sold-at-the-Top has posted an analysis of retail sales data at Seeking Alpha that includes this chart, showing the year-over-year change in discretionary retail sales from 1992 through mid 2009.  During July 2009, discretionary retail sales including home furnishings, home garden and building materials, consumer electronics and department store sales were 12.29% less than July 2008.  Adjusted for inflation, the real decline in discretionary retail sales since July 2008 was 10.59%.  So far, discretionary retail sales have yet to show signs of much of a recovery. ECON - 2007-07-31 - Discretionary Retail Sales - 1992 thru 2009-07

H. Pike Oliver

Born and raised in the San Francisco Bay Area, H. Pike Oliver has worked on real estate development strategies and master-planned communities since the early 1970s, including nearly eight years at the Irvine Company. He resided in the City of Irvine for five years in the 1980s and nine years in the 1990s.

As the founder and sole proprietor of URBANEXUS, Oliver works on advancing equitable and sustainable real estate development and natural lands management. He is also an affiliate instructor at the Runstad Department of Real Estate at the University of Washington.

Early in his career, Oliver worked for public agencies, including the California Governor’s Office of Planning and Research where he was a principal contributor to An Urban Strategy for California. Prior to relocating to Seattle in 2013, Oliver taught real estate development at Cornell University and directed the undergraduate program in urban and regional studies. He is a member of the Urban Land Institute, the American Planning Association and a founder and emeritus member of the California Planning Roundtable.

Oliver is a graduate of the urban studies and planning program at San Francisco State University and earned a master’s degree in urban planning at UCLA.

https://urbanexus.com
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