
Shoppers in Lethbridge Trade Area spend $3.8 billion annually, report says
A new report from Economic Development Lethbridge (EDL) looks into local retail trends and how non-Lethbridge residents spend their money in the city.
CEO Trevor Lewington says the retail sector has been under pressure in the aftermath of the COVID-19 pandemic, with additional strain created by inflation and higher interest rates.
“The looming threat of a trade war and tariffs prompted us to dig deeper into the current retail landscape and provide meaningful information that could help retailers fine-tune their business,” says Lewington.
Total annual expenditures from homes within the Lethbridge Trade Area (LTA) are approximately $3.8 billion annually, and around $1.6 billion of that comes from people who live outside of the city.