Fuller and Co., for example, had estimated retail sales would climb by 4.6%.
Even a 4.6% increase would have been the lowest year-over-year increase since the early 1990s. From 1995 to 2000, retail sales grew by 44.5%, according to Fuller and Co., an average of almost 7.5% a year.
In 2000, by contrast, retail sales soared by 11%, according to the Colorado Department of Revenue.
And while at first blush, the numbers reflect positive growth, metro Denver's inflation rate increased 4.6%. In other words, inflation-adjusted, Colorado and Denver showed negative growth in 2001.
The usual suspects are to blame in Colorado as they are in the rest of the country: A slowing economy, the Sept. 11 terrorist attacks, and the volatile stock market.
One surprise was that furniture and home furnishing sales plunged by 7.8%. Many thought that area would remain strong, given the relative strength of the home sales market in 2001.
The overall retail vacancy rate in the Denver area is about 7%, and likely will climb higher this year.
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