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<br /> Local Option Sales Tax Analysis for Elk River, MN 15 <br />Apparel/Clothing <br />0.4 of total taxable retail and service <br />sales <br /> <br />This merchandise group includes 10 stores <br />selling new clothing and accessories, jewelry, <br />shoes, bridal items, clocks, and luggage. <br /> ($Millions) <br />Actual taxable sales $1.14 <br />Potential sales $1.27 <br />= $ variance ($0.13) <br /> = as % of potential -10.0% <br /> <br /> <br />Unadjusted Trade Area Analysis <br /> <br />Potential sales to residents $1.27 <br />Surplus (local preference and non-residents) ($0.13) <br /> Total $1.14 <br />Non-resident share per group -11.1% <br /> <br /> <br />Analysis with Adjustments <br /> <br />Residents' $ share $0.97 <br />Non-residents' $ share $0.17 <br /> Total $1.14 <br />Non-resident share per group 15.0% <br /> <br />Analysis and Recommendations for Apparel/Clothing <br />The trade area analysis shows that Elk River brought in slightly less <br />taxable sales than expected in clothing. Since Elk River is the retail hub <br />for the county, it would be reasonable to expect that some portion of <br />sales comes from non-residents, if only other Sherburne residents who <br />live outside the city limits yet are attracted to Elk River for general <br />shopping. In this context, Extension set the non-resident share at 15%. <br /> <br /> <br /> <br /> <br /> <br />