Retail sales in the New Orleans area are making a brisk comeback according this New Orleans CityBusiness article that focuses on a couple of New Orleans' men's clothiers.
The city of New Orleans collected $36.7 million in sales taxes during the last quarter of 2004 compared with $24.3 million during the last quarter of 2005. Retailers say the 34 percent drop isnâ€™t bad considering less than half of city residents had returned.
Perlis Inc., a clothing company with stores on Magazine Street and in Mandeville, earned $7.8 million in 2005, an 8 percent increase over $7.2 million in 2004.
â€œThere was a whole â€˜buy locallyâ€™ theme at Christmas time,â€� said President David Perlis. â€œPeople told us that they saved their money and spent it here. Sales were very, very good, and weâ€™re extremely pleased. We wonder if this will continue for a year or two or is it just a temporary thing?â€�