Taxable Sales In Lafayette Parish Reached A All-Time High

According to the Lafayette Economic Development Authority (LEDA), taxable sales in Lafayette Parish totaled $697 million in March alone.

Posted: May 8, 2021 6:23 PM

LAFAYETTE, LA (KADN)-According to the Lafayette Economic Development Authority (LEDA), taxable sales in Lafayette Parish totaled $697 million in March alone.

“I believe that people are just itching to get out and go to restaurants and go shopping and do things that they had really not done much of for months and months,” Greg Gothreaux, CEO of LEDA said.

He says there is a surge in sales due to Covid-19 restrictions being loosened.

“People are still receiving unemployment benefits that actually pay more than many minimum wage positions. And so, that money is being spent. It's not really being saved,”Gothreaux said.

Gregg believes that retailers are trying to keep up with supply and demand which causes them to adjust their prices.

“Prices have gone up on almost everything that's consumable. And so, I think at this point, you're seeing some of the high prices reflected in those sales as well,”Gothreaux said.

Retailers, like Basset Furniture, agree that the pandemic is the reason that locals have been spending.

“With everybody being forced to stay home or their new office is at home so they need to build an office and get some desks or make it more comfortable for them or more family-friendly,” Dustin Nix, the general manager of Bassett Furniture said.

Even clothing boutiques, like Heirloom in Youngsville, have been seeing more customers.

“Having that stimulus and that extra money in their pockets is probably helping them be like, oh you know what, let me go support my fellow neighbor, whatever, you know, business that is,” Claire Kostelka, owner of Heirloom by Herringstone’s said.

Lafayette Parish year-to-date taxable sales have already reached $1.7 billion.

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