Retail sales are an important indicator of a region's economic health because of their ability to generate tax revenue. Retail sales are counted on an establishment basis and are classified by principal line of commodity sold (e.g., groceries or hardware) or store designation (e.g., drug store or cigar store). Mail-order sales are counted at the point of shipment instead of point of receipt.
Retail sales in the county have increased for all store groups except Apparel and Accessories. Total retail sales are expected to continue increasing, with a projected 5 year growth rate of 15.3%. For the 2004 to 2009 time period, Dearborn County's projected growth in retail sales exceeds that of the Cincinnati MSA, Indiana, and the United States.
Dearborn County, IN Retail Sales
Thousands of 1996 Dollars
1995
2004
1995-2004 % Change
Total Retail Sales
324,857
462,770
42.5%
Building Materials, Hardware
20,605
31,391
52.3%
General Merchandise
38,142
45,281
18.7%
Food Stores
52,270
56,761
8.6%
Automobile Dealers
98,770
140,064
41.8%
Gasoline Service Stations
27,059
35,576
31.5%
Apparel and Accessories
2,066
2,062
-0.2%
Furniture, Home Furnishings
8,442
10,289
21.9%
Eating and Drinking Places
27,162
43,800
61.3%
Drug Stores
5,560
9,835
76.9%
Miscellaneous Retail Stores
44,781
87,711
95.9%
Data Source: Woods and Poole, 2004
Projected Retail Sales Growth in Dearborn County and Select Areas (2004-2009)
Data Source: Woods and Poole, 2004
Retail Sales per Household Growth (1995-2004)
1995
2004
1995-2004 % Growth
Dearborn County
$21,050
$25,354
20.4%
Cincinnati MSA
$23,647
$29,115
23.5%
Indiana
$24,276
$29,970
23.1%
Data Source: Woods and Poole, 2004
Dearborn County enjoys a competitive advantage in total retail sales. Four store groups in particular contribute to this competitive advantage: Miscellaneous Retail Stores; Automobile Dealers; Building Materials, Hardware; and Gasoline Service Stations.
Dearborn County Retail Sales by Store Group (2004)
Data Source: Woods and Poole, 2004
Automobile Dealers
The presence of two major car dealerships, Ande Chevrolet and Haag Ford, as well as numerous boat dealerships, contribute to the competitive advantage of this store group.
Building Materials, Hardware
Hardware stores in the county, such as Lowe's, Jackson's Hardware, and Aurora Do It Best Lumber, provide the area with a competitive advantage in this retail group.
Miscellaneous Retail Stores
Gardens Alive!, located in the city of Greendale, is one of the largest national mail order garden supply catalog companies.
Gasoline Service Stations
Dearborn County's proximity to two major interstates and numerous state routes make it a convenient refueling place.