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Many Colorado Cities Have Seen Increase in Retail Sales
Governing: The pandemic’s downward pull on consumer spending in Colorado is undeniable, but so far declines in retail sales are lower than forecast in many places, with the brunt of losses concentrated in communities dependent on outside spending.
Colorado municipalities captured $1 billion fewer retail sales between January and May of this year compared to last year, which works out to a 2 percent drop, according to net taxable retail sales numbers reported to the Colorado Department of Revenue and compiled by the Colorado News Collaborative.
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