Total taxable sales on the Third Street Promenade rose 4.2% last year while the city’s other shopping districts, Main Street and Montana Avenue, both saw a roughly 3% drop in sales.

The Promenade’s sales increased every year between 2010 and 2015 as the retail market recovered from the recession, but the growth of online shopping precipitated 5.5% and 2.9% drops in 2016 and 2017. Sales last year were the highest they’ve been since 2015, indicating that the district is adapting to consumers turning away from traditional retail.

Read More: https://www.smdp.com/ups-and-downs-for-retail-sales/177950