Strip Retailers Seeing a Bump in Sales - 8 News NOW

Strip Retailers Seeing a Bump in Sales

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LAS VEGAS -- Economists say the recession is over, and maybe the sales receipts coming out of the malls on the Las Vegas Strip is showing that. Some have reported a surge in sales over the past year.

The Miracle Mile Shops have reported an increase in sales for nearly a year now. General Manager Russ Joyner says they made a strategic move last year that has helped them increase those sales.

"People are looking for more bang for their buck. So that's what we offer and we're very pleased with the results," he said.

Joyner says the stores in the Miracle Mile Shops dropped their prices. It was a bold move to keep everything cheaper than the other shops on the Strip. The result were increases in sales since December of 2009.

Joyner says last year they had a total of 22 million visitors to the property. He says if they continue at the pace they have been, they will have 25 million by next month.

Erin Bundy is visiting from Washington D.C. She and her friends spent $5,000 at the Miracle Mile Shops all because of the prices.

"I'm sure everybody is coming in here because I can't afford Louis. So I come in here and get what I can afford," she said.

Bundy says last year she held onto all her cash because she was leery about the economy. Because of rumors that it has improved, she and her friends flew out and decided to spend the cash they saved.

New stores like the H&M at the Forum Shops and the Forever 21 at Fashion Show could also be examples that retailers are confident that people are spending money.

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