Advertise In Vegas Advertise In Vegas

Las Vegas Retail Sales Are Growing. Is It Time To Advertise?

Oct 20, 2020 2:48:12 PM / by Larry Julius

Now would be a good time for Las Vegas small business owners to consider increasing their advertising expenditures.

There are just over 69,000 small businesses in the Las Vegas-Henderson-Paradise, NV Metro Area, according to the U.S. Census Bureau.  Based on some promising retail sales data, the Overall  Sentiment Index among local small business owners has improved 30.4% between April 26 and October 12 of this year.

The best news for business owners came from the Commerce Department on Friday when it reported that retail sales rose by a seasonally adjusted 1.9% in September.  This is the fifth straight month of gains.

Local retail gains are being powered by improving consumer confidence and a large pool of cash sitting in people's savings accounts.

The Conference Board's Consumer Confidence Index jumped to 101.8 in September, up 17.9% from August. This means consumers are in the mood to spend. Fortunately, they have money in the bank to do so.

Read More

0 Comments Click here to read/write comments

Topics return on investment, roi, small business advertising, millennials, las vegas small business owner, retail, consumer spending, small business, millennial parents, retail sales, retail stores, retailer, small business marketing, purchase intent, consumer confidence

Receive Great Advertising Advice Direct To Your Inbox...

Advertise On Las Vegas Radio

Recent Posts

Our Social Media