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

H. Pike Oliver focuses on master-planned communities. He is co-author of Transforming the Irvine Ranch: Joan Irvine, William Pereira, Ray Watson, and THE BIG PLAN, published by Routledge in 2022.

Early in his career, Pike 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. For the next three decades, he was involved in master-planned development on the Irvine Ranch in Southern California, as well as other properties in western North America and abroad.

Beginning in 2009, Pike taught real estate development at Cornell University and directed the undergraduate program in Urban and Regional Studies. He relocated to Seattle in 2013 and, from 2016 to 2020, served as a lecturer in the Runstad Department of Real Estate at the University of Washington, where he also served as its chair.

Pike graduated from San Francisco State University's urban studies and planning program and received a master's degree in urban planning from UCLA. He is a member of the American Planning Association and the Urban Land Institute and a founder and emeritus member of the California Planning Roundtable.

https://urbanexus.com
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