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People shop in the meat department at Smith’s in Las Vegas on Saturday, May 2, 2020. (Chase Stevens/Las Vegas Review-Journal) @csstevensphoto
The latest report on the state’s taxable retail sales shows that Nevada’s economy remains strong.
The Tax Department reported last month that taxable retail sales in February were $6.4 billion, an 8.2 percent increase from $5.9 billion in February 2022.
In Clark County, taxable retail sales were $4.8 billion for the month, a 10 percent year-over-year increase from $4.4 billion in the same period last year.
And the county’s five largest sectors reported increases compared to February 2022, although clothing and accessories stores reported the smallest jump.
Food services and beverage establishments reported $971.2 million in taxable sales, a 14.5 percent increase over the same month last year.
Motor vehicle and parts dealers saw $533.4 million, an increase of 3.2 percent year over year.
Durable goods wholesalers had $362.4 million, a 15.3 percent increase from February 2022.
Apparel and accessory stores saw $318.3 million, up 1.3 percent year-over-year.
Non-store retailers reported $313 million, up 14 percent year-over-year.
Most categories showed an increase, but some sectors, such as home furnishings and furniture stores, reported declines. That category’s February taxable sales fell 10.5 percent year-over-year to $67.6 million, while electronics and appliance stores fell 12.4 percent to $75.2 million.
Contact Sean Hemmersmeier at shemmersmeier@reviewjournal.com or on Twitter @seanhemmers34.
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