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The state of local retail 2020: Salt Lake City, UT.


We analyzed transactions for every day of the 2019 calendar year at over 40,000 local retail businessses across the United States, including Salt Lake City. The result is a comprehensive look at when local retail businesses make the most money, when they process the most transactions, and when customers tend to spend a little extra when they're out shopping.

The impact of COVID-19 on Salt Lake City retail businesses.

2020 has been a challenge for local businesses across the U.S., and there's no question that local retailers in Salt Lake City have faced unprecidented challenges all year.

So before we take a look back at 2019, it's important to keep in mind the impact that COVID-19 has had on local retailers. According to our data, the average Salt Lake City retail business saw total consumer spending from April through October, 2020 increase 113% compared to the same timeframe in 2019. Additionally, 15% of retailers in Salt Lake City that were transacting before the pandemic hit were closed as of the last week of October.

Our research has shown that some types of retail businesses have fared quite well during the pandemic (sporting goods stores, home improvement stores, etc.), while others (clothing stores, book stores, etc.) have struggled. Whether a local retail business has struggled or thrived through 2020, this report gives insight on which days and months will be extra important for retailers in this unpredictable year.

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How much do retail shops in Salt Lake City make on an average day?

On a given day, retail shops in Salt Lake City brought in $1,291 in revenue. On a typical day, the average retail business also processed about 20 transactions while seeing customers spend an average of $65.29 per ticket.

Sales Revenue Transactions Ticket Size
$1,291 20 $65.29
     

 

What days of the week are retail shops in Salt Lake City busiest?

Fridays and Saturdays are busy at retail shops across the country, and things were no different for Salt Lake City retail businesses.

Fridays were particularly big, as 18% of all retail revenue in Salt Lake City came in on that day alone. On average, only 39% of retailers keep their doors open on Sundays in Salt Lake City, making it easily the slowest day of the week overall.

 

Among the businesses who did keep their doors open, Fridays and Saturdays were the biggest days of the week in terms of foot traffic, with Salt Lake City retail shops processing an average of 21 transactions per day.

 

 

Salt Lake City locals spend more per transaction on weekends, with Saturdays claiming the largest average ticket size of the week at $70.96 per ticket. Locals are the most frugal on Sundays, when lower-ticket-item shops are perhaps more likely to remain open than higher-end boutiques.

 

 

What time of year do retail shops in Salt Lake City make the most money?

Salt Lake City locals clearly love to shop regardless of the season, but what does the average year look like from week to week at retail shops in Salt Lake City? Let's take a look.

 

Top 5 days for Salt Lake City retail businesses.

#1 #2 #3 #4 #5

12/23/19

12/20/19

Weekend before Christmas

7/12/19

11/29/19

Black Friday

12/21/19

Weekend before Christmas

Monday Friday Friday Friday Saturday

 

Salt Lake City retail shops on prominent days.

Retail shops look to events and holidays to generate big sales for their business. Here’s how prominent days rank compared to the average day.

  Day rank based on total sales How much did restaurants that were open make?
Day Day Rank Total rev vs avg % of restaurants open Avg rev Rev vs avg Avg txns Txns vs avg Avg ticket Ticket vs avg
New Year's Day 362 -77.90% 28% $802 -37.80% 15 -23.90% $53.32 -18.30%
Super Bowl Sunday 346 -72.40% 34% $837 -35.20% 17 -15.70% $50.23 -23.10%
Valentine's Day 15 37.30% 86% $1,642 27.20% 25 26.10% $65.88 0.90%
St. Patrick's Day 322 -67.70% 38% $878 -32.00% 17 -13.30% $51.23 -21.50%
Easter Weekend 11 39.10% 93% $1,540 19.30% 23 17.00% $66.59 2.00%
Easter Weekend 173 10.20% 79% $1,433 11.00% 22 13.80% $63.69 -2.50%
Easter Sunday 364 -85.30% 28% $534 -58.60% 11 -45.20% $49.29 -24.50%
Cinco de Mayo 357 -74.70% 41% $636 -50.70% 15 -26.30% $43.65 -33.10%
Mother's Day Weekend 22 33.50% 91% $1,507 16.70% 24 20.20% $63.42 -2.90%
Mother's Day Weekend 9 40.20% 81% $1,784 38.20% 24 21.40% $74.34 13.80%
Mother's Day 361 -77.30% 36% $654 -49.30% 14 -29.10% $46.65 -28.50%
Memorial Day Weekend 33 30.00% 100% $1,340 3.80% 20 2.80% $65.93 1.00%
Memorial Day Weekend 19 34.30% 82% $1,682 30.30% 20 0.70% $84.48 29.40%
Memorial Day 306 -25.70% 56% $1,378 6.70% 15 -23.00% $90.55 38.70%
Father's Day Weekend 43 27.50% 96% $1,368 6.00% 21 4.10% $66.50 1.90%
Father's Day Weekend 221 4.90% 82% $1,321 2.30% 20 -0.20% $66.99 2.60%
Father's Day 354 -73.80% 39% $689 -46.60% 15 -23.50% $45.56 -30.20%
50th of July 313 -61.00% 41% $993 -23.10% 14 -28.60% $70.34 7.70%
Labor Day Weekend 8 43.20% 97% $1,522 17.90% 19 -1.50% $78.17 19.70%
Labor Day Weekend 127 14.40% 78% $1,504 16.50% 20 -0.90% $76.76 17.60%
Labor Day 305 -22.00% 54% $1,492 15.60% 14 -29.10% $106.45 63.00%
Halloween 292 -7.30% 85% $1,120 -13.20% 17 -14.20% $66.04 1.10%
Thanksgiving Eve 69 22.20% 88% $1,440 11.60% 21 8.20% $67.35 3.20%
Thanksgiving 363 -82.90% 25% $706 -45.30% 11 -43.70% $63.47 -2.80%
Christmas Eve 31 30.10% 76% $1,768 37.00% 23 17.00% $76.43 17.10%
Christmas Day 365 -94.70% 13% $412 -68.00% 9 -53.50% $44.86 -31.30%
New Year's Eve 157 11.20% 79% $1,454 12.70% 20 2.30% $71.91 10.10%

Methodology

Womply analyzed daily revenue for over 40,000 retail shops in all 50 states, including Salt Lake City, as well as the District of Columbia for all 365 days of the 2019 calendar year. Retail businesses were only included in the analysis if they qualified as small businesses, Womply had a full year of transaction history, and the business recorded multiple transactions per day, on average.

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