Duluth Retail Sales 1997
                                                                           UNADJUSTED                     ADJUSTED
                                                                          FOR PRICE CHANGES              FOR PRICE CHANGES                                                    % Change
                    INDUSTRY DESCRIPTION                CPI                Gross Sales              Adjusted Sales                  % Change   Year to date                 Year to Date
SIC CODE                                            January 199January 199January  1997January  1996  January     1   January        Jan 97     January        January        1997-1996
  5200   BLDG., MATERIALS, HARDWARE, ETC.              1.415      1.363    $5,004,923   $4,028,036      $3,537,048     $2,955,272       19.69% $3,537,048       $2,955,272          19.69%
  5311   DEPARTMENT STORES                             1.591      1.544    $8,544,194   $9,022,780      $5,370,329     $5,843,769       -8.10% $5,370,329       $5,843,769          -8.10%
  5300   OTHER GENERAL MERCHANDISE (Other than 5311)   1.591      1.544    $1,053,345    $904,493         $662,065       $585,812       13.02%  $662,065          $585,812          13.02%
  5411   GROCERY STORES                                1.579      1.519   $11,994,075  $10,053,272      $7,595,994     $6,618,349       14.77% $7,595,994       $6,618,349          14.77%
  5400   OTHER FOOD STORES (Other than 5411)           1.569      1.514    $2,700,007   $2,407,873      $1,720,846     $1,590,405        8.20% $1,720,846       $1,590,405           8.20%
  5511   MOTOR VEHICLE DEALERS (New & Used)            1.418      1.374   $13,778,258  $13,795,317      $9,716,684    $10,040,260       -3.22% $9,716,684      $10,040,260          -3.22%
  5500   OTHER AUTO  DEALERS, SERV. STATIONS (other    1.418      1.374    $8,271,286   $7,767,989      $5,833,065     $5,653,558        3.18% $5,833,065       $5,653,558           3.18%
  5600   APPAREL & ACCESSORY STORES                    1.296       1.3     $1,613,795   $1,450,855      $1,245,212     $1,116,042       11.57% $1,245,212       $1,116,042          11.57%
  5700   FURNITURE & HOME FURNISHINGS                  1.249      1.241    $1,582,560   $1,564,277      $1,267,062     $1,260,497        0.52% $1,267,062       $1,260,497           0.52%
  5812   EATING PLACES ONLY                            1.553      1.506    $4,390,558   $4,317,060      $2,827,146     $2,866,574       -1.38% $2,827,146       $2,866,574          -1.38%
  5800   OTHER EATING & DRINKING PLACES (Other than    1.569      1.514    $3,498,147   $3,282,604      $2,229,539     $2,168,166        2.83% $2,229,539       $2,168,166           2.83%
  5900   MISCELLANEOUS PLACES                          1.591      1.544   $20,446,706  $18,265,423     $12,851,481    $11,829,937        8.64% $12,851,481     $11,829,937           8.64%
         TOTAL                                                            $82,877,854  $76,859,979     $54,856,471    $52,528,641        4.43% $54,856,471   $52,528,641             4.43%
         DULUTH RETAIL SALES INDEX                                                                      98.39          94.21
                                                    NUMBER OF RETAIL FIRMS      % Change
SIC CODE            INDUSTRY DESCRIPTION              January97    January 96  Jan 1997  -Jan 1996
  5200   BLDG., MATERIALS, HARDWARE, ETC.                    49        50         -2.0%
  5311   DEPARTMENT STORES                                    9         9          0.0%
  5300   OTHER GENERAL MERCHANDISE (Other than 5311)         25        23          8.7%
  5411   GROCERY STORES                                      17        18         -5.6%
  5400   OTHER FOOD STORES (Other than 5411)                 44        43          2.3%
  5511   MOTOR VEHICLE DEALERS (New & Used)                  28        25         12.0%
  5500   OTHER AUTO  DEALERS, SERV. STATIONS (other          92        89          3.4%
  5600   APPAREL & ACCESSORY STORES                          49        46          6.5%
  5700   FURNITURE & HOME FURNISHINGS                        44        45         -2.2%
  5812   EATING PLACES ONLY                                 154       158         -2.5%
  5800   OTHER EATING & DRINKING PLACES (Other than          90        89          1.1%
  5900   MISCELLANEOUS PLACES                               417       419         -0.5%
         TOTAL                                             1018      1014          0.4%
                                                                                              UNADJUSTED                         ADJUSTED
                                                                                          FOR PRICE CHANGES                     FOR PRICE CHANGES                                                        % Change
                         INDUSTRY DESCRIPTION                      CPI                       Gross Sales                   Adjusted Sales                    % Change    Year to date                  Year to Date
SIC CODE                                                      February 1997 February 1996   February  1997  February  1996   February        February       Jan 97   - J  February        February       1997-1996
  5200  BLDG., MATERIALS, HARDWARE, ETC.                          1.423         1.370        $4,317,367       $4,401,653       $3,033,989     $3,212,885          -5.57%  $6,571,037     $6,168,157             6.53%
  5311  DEPARTMENT STORES                                         1.596         1.549        $10,020,935      $9,563,006       $6,278,781     $6,173,664           1.70% $11,649,110    $12,017,433            -3.06%
  5300  OTHER GENERAL MERCHANDISE (Other than 5311)               1.596         1.549        $1,188,029       $1,032,509         $744,379       $666,565          11.67%  $1,406,444     $1,252,377            12.30%
  5411  GROCERY STORES                                            1.577         1.514        $10,974,848     $10,861,698       $6,959,320     $7,174,173          -2.99% $14,555,314    $13,792,522             5.53%
  5400  OTHER FOOD STORES (Other than 5411)                       1.569         1.513        $2,443,686       $2,258,472       $1,557,480     $1,492,711           4.34%  $3,278,326     $3,083,116             6.33%
  5511  MOTOR VEHICLE DEALERS (New & Used)                        1.419         1.375        $16,351,005     $15,874,646      $11,522,907    $11,545,197          -0.19% $21,239,591    $21,585,457            -1.60%
  5500  OTHER AUTO  DEALERS, SERV. STATIONS (other than 5511)     1.419         1.375        $7,168,375       $7,427,841       $5,051,709     $5,402,066          -6.49% $10,884,774    $11,055,624            -1.55%
  5600  APPAREL & ACCESSORY STORES                                1.319         1.312        $1,675,275       $1,536,455       $1,270,110     $1,171,079           8.46%  $2,515,322     $2,287,121             9.98%
  5700  FURNITURE & HOME FURNISHINGS                              1.252         1.243        $1,463,286       $1,485,871       $1,168,759     $1,195,391          -2.23%  $2,435,821     $2,455,888            -0.82%
  5812  EATING PLACES ONLY                                        1.556         1.509        $4,370,647       $4,519,611       $2,808,899     $2,995,103          -6.22%  $5,636,045     $5,861,677            -3.85%
  5800  OTHER EATING & DRINKING PLACES (Other than 5812)          1.569         1.513        $3,767,694       $3,366,036       $2,401,335     $2,224,743           7.94%  $4,630,874     $4,392,909             5.42%
  5900  MISCELLANEOUS PLACES                                      1.596         1.549        $19,662,165     $18,425,977      $12,319,652    $11,895,402           3.57% $25,171,133    $23,725,339             6.09%
        TOTAL                                                                                $83,403,312     $80,753,775    $55,117,320    $55,148,979            -0.06% $109,973,791   $107,677,620            2.13%
        DULUTH RETAIL SALES INDEX                                                                                              98.85          98.91
SIC CODE                 INDUSTRY DESCRIPTION                 NUMBER OF RETAIL FIRMS           % Change
                                                              February 1997 February 1996  Feb1997-Feb1996
  5200  BLDG., MATERIALS, HARDWARE, ETC.                                  52           50               4.0%
  5311  DEPARTMENT STORES                                                  9           10             -10.0%
  5300  OTHER GENERAL MERCHANDISE (Other than 5311)                       24           23               4.3%
  5411  GROCERY STORES                                                    17           17               0.0%
  5400  OTHER FOOD STORES (Other than 5411)                               44           43               2.3%
  5511  MOTOR VEHICLE DEALERS (New & Used)                                30           26              15.4%
  5500  OTHER AUTO  DEALERS, SERV. STATIONS (other than 5511)             94           89               5.6%
  5600  APPAREL & ACCESSORY STORES                                        45           47              -4.3%
  5700  FURNITURE & HOME FURNISHINGS                                      45           44               2.3%
  5812  EATING PLACES ONLY                                               152          159              -4.4%
  5800  OTHER EATING & DRINKING PLACES (Other than 5812)                  87           87               0.0%
  5900  MISCELLANEOUS PLACES                                             417          411               1.5%
        TOTAL                                                           1016          1006              1.0%

                                                                         UNADJUSTED                        ADJUSTED
                                                                       FOR PRICE CHANGES                  FOR PRICE CHANGES                                                        % Change
                  INDUSTRY DESCRIPTION               CPI                 Gross Sales                 Adjusted Sales                    % Change    Year to date                  Year to Date
SIC CODE                                         March 1997 March 1996   March  1997    March  1996    March     199   March      1   March 97   -  March     199   March     19   1997-1996
  5200  BLDG., MATERIALS, HARDWARE, ETC.           1.424       1.375     $4,745,919     $4,427,168       $3,332,808     $3,219,759           3.51%  $9,903,845     $9,387,916             5.50%
  5311  DEPARTMENT STORES                          1.600       1.557    $12,185,039    $11,872,281       $7,615,649     $7,625,100          -0.12% $19,264,759    $19,642,533            -1.92%
  5300  OTHER GENERAL MERCHANDISE (Other than 531  1.600       1.557     $1,315,298     $1,147,643         $822,061       $737,086          11.53%  $2,228,505     $1,989,463            12.02%
  5411  GROCERY STORES                             1.577       1.525     $9,549,900    $10,156,227       $6,055,739     $6,659,821          -9.07% $20,611,053    $20,452,343             0.78%
  5400  OTHER FOOD STORES (Other than 5411)        1.571       1.521     $2,363,667     $2,333,435       $1,504,562     $1,534,145          -1.93%  $4,782,888     $4,617,261             3.59%
  5511  MOTOR VEHICLE DEALERS (New & Used)         1.415       1.383    $17,086,207    $18,085,289      $12,075,058    $13,076,854          -7.66% $33,314,649    $34,662,311            -3.89%
  5500  OTHER AUTO  DEALERS, SERV. STATIONS (othe  1.415       1.383     $7,126,074     $7,508,255       $5,036,095     $5,428,962          -7.24% $15,920,869    $16,484,586            -3.42%
  5600  APPAREL & ACCESSORY STORES                 1.345       1.348     $2,419,188     $2,369,825       $1,798,653     $1,758,030           2.31%  $4,313,975     $4,045,151             6.65%
  5700  FURNITURE & HOME FURNISHINGS               1.254       1.246     $1,686,102     $1,623,626       $1,344,579     $1,303,071           3.19%  $3,780,400     $3,758,959             0.57%
  5812  EATING PLACES ONLY                         1.560       1.512     $4,746,862     $5,121,256       $3,042,860     $3,387,074         -10.16%  $8,678,905     $9,248,751            -6.16%
  5800  OTHER EATING & DRINKING PLACES (Other tha  1.571       1.521     $4,099,213     $4,071,853       $2,609,302     $2,677,089          -2.53%  $7,240,176     $7,069,998             2.41%
  5900  MISCELLANEOUS PLACES                       1.600       1.557    $21,720,111    $22,114,509      $13,575,069    $14,203,281          -4.42% $38,746,202    $37,928,620             2.16%
        TOTAL                                                           $89,043,580    $90,831,367      $58,812,435    $61,610,272          -4.54% $168,786,226   $169,287,892           -0.30%
        DULUTH RETAIL SALES INDEX                                                                        105.48         110.50
SIC CODE          INDUSTRY DESCRIPTION           NUMBER OF RETAIL FIRMS    % Change
                                                  March 1997 March 1996 Mar 1997-     Mar 1996
  5200  BLDG., MATERIALS, HARDWARE, ETC.                  52        52            0.0%
  5311  DEPARTMENT STORES                                  9        10          -10.0%
  5300  OTHER GENERAL MERCHANDISE (Other than 531         24        23            4.3%
  5411  GROCERY STORES                                    17        17            0.0%
  5400  OTHER FOOD STORES (Other than 5411)               44        42            4.8%
  5511  MOTOR VEHICLE DEALERS (New & Used)                31        26           19.2%
  5500  OTHER AUTO  DEALERS, SERV. STATIONS (othe         92        92            0.0%
  5600  APPAREL & ACCESSORY STORES                        46        49           -6.1%
  5700  FURNITURE & HOME FURNISHINGS                      45        45            0.0%
  5812  EATING PLACES ONLY                               154       160           -3.8%
  5800  OTHER EATING & DRINKING PLACES (Other tha         92        89            3.4%
  5900  MISCELLANEOUS PLACES                             430       430            0.0%
        TOTAL                                           1036      1035            0.1%
                                                                                   UNADJUSTED                        ADJUSTED
                                                                                 FOR PRICE CHANGES                  FOR PRICE CHANGES                                                         % Change
                        INDUSTRY DESCRIPTION                   CPI                 Gross Sales                 Adjusted Sales                    % Change    Year to date                    1997-1996
SIC CODE                                                   April 1997 April 1996   April 1997     April 1996     April 1997      April 1996   April 97-April   April 1997     April 1996
  5200   BLDG., MATERIALS, HARDWARE, ETC.                     1.425     1.380      $6,019,451     $5,374,920       $4,224,176     $3,894,870           8.45%   $14,128,021    $13,282,786           6.36%
  5311   DEPARTMENT STORES                                    1.602      1.563    $11,315,389    $11,216,141       $7,063,289     $7,176,034          -1.57%   $26,328,048    $26,818,567          -1.83%
  5300   OTHER GENERAL MERCHANDISE (Other than 5311)          1.602      1.563     $1,477,566     $1,278,372         $922,326       $817,896          12.77%    $3,150,831     $2,807,359          12.23%
  5411   GROCERY STORES                                       1.575      1.533    $10,450,322    $10,316,471       $6,635,125     $6,729,596          -1.40%   $27,246,178    $27,181,939           0.24%
  5400   OTHER FOOD STORES (Other than 5411)                  1.571      1.527     $2,494,560     $1,995,985       $1,587,880     $1,307,128          21.48%    $6,370,768     $5,924,389           7.53%
  5511   MOTOR VEHICLE DEALERS (New & Used)                   1.413      1.403    $19,838,343    $19,967,109      $14,039,875    $14,231,724          -1.35%   $47,354,524    $48,894,035          -3.15%
  5500   OTHER AUTO  DEALERS, SERV. STATIONS (other than 55   1.413      1.403     $7,862,143     $7,146,980       $5,564,149     $5,094,070           9.23%   $21,485,018    $21,578,656          -0.43%
  5600   APPAREL & ACCESSORY STORES                           1.361      1.349     $2,144,101     $2,187,521       $1,575,386     $1,621,587          -2.85%    $5,889,361     $5,666,738           3.93%
  5700   FURNITURE & HOME FURNISHINGS                         1.255      1.248     $1,697,559     $1,744,792       $1,352,637     $1,398,071          -3.25%    $5,133,037     $5,157,030          -0.47%
  5812   EATING PLACES ONLY                                   1.562      1.516     $5,031,403     $4,907,430       $3,221,129     $3,237,091          -0.49%   $11,900,034    $12,485,842          -4.69%
  5800   OTHER EATING & DRINKING PLACES (Other than 5812)     1.571      1.527     $3,868,637     $3,691,357       $2,462,532     $2,417,392           1.87%    $9,702,708     $9,487,390           2.27%
  5900   MISCELLANEOUS PLACES                                 1.602      1.563    $21,322,647    $20,356,469      $13,310,017    $13,023,972           2.20%   $52,056,219    $50,952,592           2.17%
         TOTAL                                                                    $93,522,121    $90,183,547      $61,958,521    $60,949,431           1.66%  $230,744,747   $230,237,323           0.22%
         DULUTH RETAIL SALES INDEX                                                                                 111.12         109.31
                                                           NUMBER OF RETAIL FIRMS    % Change
SIC CODE                INDUSTRY DESCRIPTION               April 1997 April 1996 April 1996-April 1995
  5200   BLDG., MATERIALS, HARDWARE, ETC.                      52         53              -1.89%
  5311   DEPARTMENT STORES                                      9         10             -10.00%
  5300      OTHER GENERAL MERCHANDISE (Other than 5311)        24         23               4.35%
  5411   GROCERY STORES                                        17         16               6.25%
  5400   OTHER FOOD STORES (Other than 5411)                   45         39              15.38%
  5511   MOTOR VEHICLE DEALERS (New & Used)                    29         27               7.41%
  5500   OTHER AUTO  DEALERS, SERV. STATIONS (other than 55    91         90               1.11%
  5600   APPAREL & ACCESSORY STORES                            46         50              -8.00%
  5700   FURNITURE & HOME FURNISHINGS                          42         44              -4.55%
  5812   EATING PLACES ONLY                                    159        162             -1.85%
  5800   OTHER EATING & DRINKING PLACES (Other than 5812)      88         90              -2.22%
  5900   MISCELLANEOUS PLACES                                  420        421             -0.24%
         TOTAL                                                1022       1025             -0.29%
                                                                                 UNADJUSTED FOR PRICE CHANGES  ADJUSTED FOR PRICE CHANGES
                                                                                                                                                                                              % Change
                        INDUSTRY DESCRIPTION                  CPI                  Gross Sales                 Adjusted Sales                    % Change    Year to date                     1997-96
SIC CODE                                                     May1997    May1996     May 1997       May 1996       May 1997        May 1996    May 97-May 96      1997           1996
  5200   BLDG., MATERIALS, HARDWARE, ETC.                     1.432     1.388      $7,447,214     $6,646,891       $5,200,568     $4,788,827           8.60%   $19,328,589    $18,071,613           6.96%
  5311   DEPARTMENT STORES                                    1.601      1.566    $11,370,925    $11,689,138       $7,102,389     $7,464,328          -4.85%   $33,430,437    $34,282,895          -2.49%
  5300   OTHER GENERAL MERCHANDISE (Other than 5311)          1.601      1.566     $1,451,775     $1,344,208         $906,793       $858,370           5.64%    $4,057,624     $3,665,729          10.69%
  5411   GROCERY STORES                                       1.575      1.526    $12,014,760    $10,809,045       $7,628,419     $7,083,253           7.70%   $34,874,597    $34,265,192           1.78%
  5400   OTHER FOOD STORES (Other than 5411)                  1.571      1.525     $2,901,279     $2,649,097       $1,846,772     $1,737,112           6.31%    $8,217,540     $7,661,501           7.26%
  5511   MOTOR VEHICLE DEALERS (New & Used)                   1.41       1.417    $19,507,398    $20,291,547      $13,835,034    $14,320,075          -3.39%   $61,189,558    $63,214,110          -3.20%
  5500   OTHER AUTO  DEALERS, SERV. STATIONS (other than 55   1.41       1.417     $7,804,764     $7,823,611       $5,535,294     $5,521,249           0.25%   $27,020,312    $27,099,905          -0.29%
  5600   APPAREL & ACCESSORY STORES                           1.353      1.337     $2,135,588     $2,200,350       $1,578,409     $1,645,736          -4.09%    $7,467,770     $7,312,474           2.12%
  5700   FURNITURE & HOME FURNISHINGS                         1.258      1.244     $1,859,786     $1,781,209       $1,478,367     $1,431,840           3.25%    $6,611,404     $6,588,870           0.34%
  5812   EATING PLACES ONLY                                   1.563      1.52      $5,173,685     $5,296,697       $3,310,099     $3,484,669          -5.01%   $15,210,133    $15,970,511          -4.76%
  5800   OTHER EATING & DRINKING PLACES (Other than 5812)     1.571      1.525     $4,269,514     $3,749,679       $2,717,704     $2,458,806          10.53%   $12,420,412    $11,946,196           3.97%
  5900   MISCELLANEOUS PLACES                                 1.601      1.566    $22,488,536    $21,155,686      $14,046,556    $13,509,378           3.98%   $66,102,775    $64,461,970           2.55%
         TOTAL                                                                    $98,425,224    $95,437,157      $65,186,404    $64,303,643           1.37%  $295,931,151   $294,540,966           0.47%
         DULUTH RETAIL SALES INDEX                                                                                 116.91         115.33
SIC CODE                INDUSTRY DESCRIPTION               NUMBER OF RETAIL FIRMS    % Change
                                                            May 1997   May 1996  May 1997- May 1996
  5200   BLDG., MATERIALS, HARDWARE, ETC.                      53         53               0.00%
  5311   DEPARTMENT STORES                                      9         10             -10.00%
  5300      OTHER GENERAL MERCHANDISE (Other than 5311)        24         23               4.35%
  5411   GROCERY STORES                                        17         17               0.00%
  5400   OTHER FOOD STORES (Other than 5411)                   45         44               2.27%
  5511   MOTOR VEHICLE DEALERS (New & Used)                    31         27              14.81%
  5500   OTHER AUTO  DEALERS, SERV. STATIONS (other than 55    91         90               1.11%
  5600   APPAREL & ACCESSORY STORES                            47         48              -2.08%
  5700   FURNITURE & HOME FURNISHINGS                          43         45              -4.44%
  5812   EATING PLACES ONLY                                    163        166             -1.81%
  5800   OTHER EATING & DRINKING PLACES (Other than 5812)      92         96              -4.17%
  5900   MISCELLANEOUS PLACES                                  420        426             -1.41%
         TOTAL                                                1035       1045             -0.96%
                                                                                 UNADJUSTED FOR PRICE CHANGES  ADJUSTED FOR PRICE CHANGES
                                                                                                                                                                                              % Change
                        INDUSTRY DESCRIPTION                  CPI                  Gross Sales                 Adjusted Sales                    % Change    Year to date                    1997-1996
SIC CODE                                                    June 1997  June 1996    June 1997      June 1996      June 1997      June 1996    June 97-June 9     1997           1996
  5200   BLDG., MATERIALS, HARDWARE, ETC.                     1.433      1.388     $7,730,968     $6,579,300       $5,394,953     $4,740,130          13.81%   $24,723,542    $22,811,743           8.38%
  5311   DEPARTMENT STORES                                    1.603      1.567    $13,185,652    $13,317,390       $8,225,609     $8,498,653          -3.21%   $41,656,046    $42,781,548          -2.63%
  5300   OTHER GENERAL MERCHANDISE (Other than 5311)          1.603      1.567     $1,541,710     $1,470,391         $961,765       $938,347           2.50%    $5,019,389     $4,604,076           9.02%
  5411   GROCERY STORES                                       1.573      1.534    $10,875,006    $11,502,356       $6,913,545     $7,498,276          -7.80%   $41,788,142    $41,763,468           0.06%
  5400   OTHER FOOD STORES (Other than 5411)                  1.571      1.531     $2,863,912     $2,715,001       $1,822,986     $1,773,351           2.80%   $10,040,526     $9,434,852           6.42%
  5511   MOTOR VEHICLE DEALERS (New & Used)                   1.407      1.41     $19,296,929    $17,979,326      $13,714,946    $12,751,295           7.56%   $74,904,504    $75,965,405          -1.40%
  5500   OTHER AUTO  DEALERS, SERV. STATIONS (other than 55   1.407      1.41      $7,557,273     $7,645,152       $5,371,196     $5,422,094          -0.94%   $32,391,508    $32,521,999          -0.40%
  5600   APPAREL & ACCESSORY STORES                           1.324      1.308     $2,370,574     $2,550,231       $1,790,464     $1,949,718          -8.17%    $9,258,234     $9,262,192          -0.04%
  5700   FURNITURE & HOME FURNISHINGS                         1.257      1.245     $1,821,941     $1,770,113       $1,449,436     $1,421,777           1.95%    $8,060,840     $8,010,647           0.63%
  5812   EATING PLACES ONLY                                   1.566      1.523     $5,273,919     $5,378,073       $3,367,765     $3,531,236          -4.63%   $18,577,898    $19,501,747          -4.74%
  5800   OTHER EATING & DRINKING PLACES (Other than 5812)     1.571      1.531     $4,935,695     $4,675,910       $3,141,754     $3,054,154           2.87%   $15,562,166    $15,000,350           3.75%
  5900   MISCELLANEOUS PLACES                                 1.603      1.567    $23,080,901    $22,364,880      $14,398,566    $14,272,418           0.88%   $80,501,341    $78,734,388           2.24%
         TOTAL                                                                    $100,534,481   $97,948,120      $66,552,985    $65,851,449           1.07%  $362,484,136   $360,392,415           0.58%
         DULUTH RETAIL SALES INDEX                                                                                 119.36         118.11
SIC CODE                INDUSTRY DESCRIPTION               NUMBER OF RETAIL FIRMS    % Change
                                                            June 1997  June 1996 June 1997-June1996
  5200   BLDG., MATERIALS, HARDWARE, ETC.                      52         52               0.00%
  5311   DEPARTMENT STORES                                      9          9               0.00%
  5300      OTHER GENERAL MERCHANDISE (Other than 5311)        24         24               0.00%
  5411   GROCERY STORES                                        17         17               0.00%
  5400   OTHER FOOD STORES (Other than 5411)                   44         44               0.00%
  5511   MOTOR VEHICLE DEALERS (New & Used)                    28         26               7.69%
  5500   OTHER AUTO  DEALERS, SERV. STATIONS (other than 55    90         92              -2.17%
  5600   APPAREL & ACCESSORY STORES                            44         49             -10.20%
  5700   FURNITURE & HOME FURNISHINGS                          42         46              -8.70%
  5812   EATING PLACES ONLY                                    163        171             -4.68%
  5800   OTHER EATING & DRINKING PLACES (Other than 5812)      98         100             -2.00%
  5900   MISCELLANEOUS PLACES                                  444        444              0.00%
         TOTAL                                                1055       1074             -1.77%
                                                                                 UNADJUSTED FOR PRICE CHANGES  ADJUSTED FOR PRICE CHANGES
                                                                                                                                                                                              % Change
                        INDUSTRY DESCRIPTION                   CPI                 Gross Sales                 Adjusted Sales                    % Change    Year to date                    1997-1996
SIC CODE                                                    July 1997  July 1996    July 1997      July 1996      July 1997      July 1996    July 97-July 9     1997           1996
  5200   BLDG., MATERIALS, HARDWARE, ETC.                     1.454      1.394     $7,577,535     $6,844,359       $5,211,510     $4,909,870           6.14%   $29,935,052    $27,721,613           7.98%
  5311   DEPARTMENT STORES                                    1.605      1.57     $11,932,783    $11,736,603       $7,434,756     $7,475,543          -0.55%   $49,090,802    $50,257,091          -2.32%
  5300   OTHER GENERAL MERCHANDISE (Other than 5311)          1.605      1.57      $1,589,188     $1,426,048         $990,148       $908,311           9.01%    $6,009,537     $5,512,387           9.02%
  5411   GROCERY STORES                                       1.577      1.541    $11,437,181    $11,050,813       $7,252,493     $7,171,196           1.13%   $49,040,635    $48,934,664           0.22%
  5400   OTHER FOOD STORES (Other than 5411)                  1.575      1.536     $2,823,246     $2,784,206       $1,792,537     $1,812,634          -1.11%   $11,833,063    $11,247,486           5.21%
  5511   MOTOR VEHICLE DEALERS (New & Used)                   1.401      1.405    $18,289,238    $18,652,188      $13,054,417    $13,275,579          -1.67%   $87,958,921    $89,240,984          -1.44%
  5500   OTHER AUTO  DEALERS, SERV. STATIONS (other than 55   1.401      1.405     $8,411,197     $8,004,469       $6,003,709     $5,697,131           5.38%   $38,395,217    $38,219,130           0.46%
  5600   APPAREL & ACCESSORY STORES                           1.302      1.283     $2,150,901     $2,261,718       $1,651,998     $1,762,836          -6.29%   $10,910,232    $11,025,028          -1.04%
  5700   FURNITURE & HOME FURNISHINGS                         1.256      1.247     $1,871,077     $1,893,810       $1,489,711     $1,518,693          -1.91%    $9,550,551     $9,529,340           0.22%
  5812   EATING PLACES ONLY                                   1.571      1.528     $5,621,145     $5,733,741       $3,578,068     $3,752,448          -4.65%   $22,155,966    $23,254,195          -4.72%
  5800   OTHER EATING & DRINKING PLACES (Other than 5812)     1.575      1.536     $5,246,178     $4,859,708       $3,330,907     $3,163,872           5.28%   $18,893,073    $18,164,222           4.01%
  5900   MISCELLANEOUS PLACES                                 1.605      1.57     $22,496,015    $22,262,944      $14,016,209    $14,180,219          -1.16%   $94,517,550    $92,914,607           1.73%
         TOTAL                                                                    $99,445,684    $97,510,607      $65,806,463    $65,628,332           0.27%  $428,290,599   $426,020,747           0.53%
         DULUTH RETAIL SALES INDEX                                                                                 118.03         117.71
SIC CODE                INDUSTRY DESCRIPTION               NUMBER OF RETAIL FIRMS    % Change
                                                            July 1997  July 1996 July 1997- July 1996
  5200   BLDG., MATERIALS, HARDWARE, ETC.                      51         52              -1.92%
  5311   DEPARTMENT STORES                                      9          9               0.00%
  5300      OTHER GENERAL MERCHANDISE (Other than 5311)        26         22              18.18%
  5411   GROCERY STORES                                        17         17               0.00%
  5400   OTHER FOOD STORES (Other than 5411)                   41         43              -4.65%
  5511   MOTOR VEHICLE DEALERS (New & Used)                    30         28               7.14%
  5500   OTHER AUTO  DEALERS, SERV. STATIONS (other than 55    96         91               5.49%
  5600   APPAREL & ACCESSORY STORES                            45         47              -4.26%
  5700   FURNITURE & HOME FURNISHINGS                          42         46              -8.70%
  5812   EATING PLACES ONLY                                    163        172             -5.23%
  5800   OTHER EATING & DRINKING PLACES (Other than 5812)      98         101             -2.97%
  5900   MISCELLANEOUS PLACES                                  440        434              1.38%
         TOTAL                                                1058       1062             -0.38%
                                                                                 UNADJUSTED FOR PRICE CHANGES  ADJUSTED FOR PRICE CHANGES
                                                                                                                                                                                              % Change
                        INDUSTRY DESCRIPTION                   CPI                 Gross Sales                 Adjusted Sales                    % Change    Year to date                    1997-1996
SIC CODE                                                   August 1997 August 199  August 1997    August 1996    August 1997    August 1996   August 97-Augu     1997           1996
  5200   BLDG., MATERIALS, HARDWARE, ETC.                     1.455     1.397      $7,445,451     $7,163,595       $5,117,148     $5,127,842          -0.21%   $29,935,052    $23,826,743          25.64%
  5311   DEPARTMENT STORES                                    1.608      1.573    $15,722,732    $15,098,813       $9,777,818     $9,598,737           1.87%   $58,868,620    $59,855,828          -1.65%
  5300   OTHER GENERAL MERCHANDISE (Other than 5311)          1.608      1.573     $1,709,834     $1,550,971       $1,063,330       $985,996           7.84%    $7,072,867     $6,498,383           8.84%
  5411   GROCERY STORES                                       1.585      1.548    $11,833,888    $11,788,608       $7,466,175     $7,615,380          -1.96%   $56,506,810    $56,550,044          -0.08%
  5400   OTHER FOOD STORES (Other than 5411)                  1.581      1.542     $3,024,077     $2,868,652       $1,912,762     $1,860,345           2.82%   $13,745,825    $13,107,831           4.87%
  5511   MOTOR VEHICLE DEALERS (New & Used)                   1.408      1.399    $19,505,274    $17,857,569      $13,853,178    $12,764,524           8.53%  $101,812,099   $102,005,508          -0.19%
  5500   OTHER AUTO  DEALERS, SERV. STATIONS (other than 55   1.408      1.399     $8,206,882     $8,242,027       $5,828,751     $5,891,370          -1.06%   $44,223,968    $44,110,500           0.26%
  5600   APPAREL & ACCESSORY STORES                            1.3       1.281     $3,009,163     $3,162,657       $2,314,741     $2,468,897          -6.24%   $13,224,973    $13,493,925          -1.99%
  5700   FURNITURE & HOME FURNISHINGS                         1.252      1.248     $1,929,689     $1,934,970       $1,541,285     $1,550,457          -0.59%   $11,091,836    $11,079,797           0.11%
  5812   EATING PLACES ONLY                                   1.574      1.531     $6,196,394     $6,200,830       $3,936,718     $4,050,183          -2.80%   $26,092,684    $27,304,378          -4.44%
  5800   OTHER EATING & DRINKING PLACES (Other than 5812)     1.581      1.542     $5,981,107     $5,373,743       $3,783,116     $3,484,918           8.56%   $22,676,189    $21,649,140           4.74%
  5900   MISCELLANEOUS PLACES                                 1.608      1.573    $23,163,626    $23,595,885      $14,405,240    $15,000,563          -3.97%  $108,922,790   $107,915,170           0.93%
         TOTAL                                                                    $107,728,117   $104,838,320     $71,000,262    $70,399,212           0.85%  $494,173,713   $487,397,247           1.39%
         DULUTH RETAIL SALES INDEX                                                                                 127.34         126.26
SIC CODE                INDUSTRY DESCRIPTION               NUMBER OF RETAIL FIRMS    % Change
                                                           August 1997August 1996August 1997- August 1996
  5200   BLDG., MATERIALS, HARDWARE, ETC.                      51         53              -3.77%
  5311   DEPARTMENT STORES                                      9          9               0.00%
  5300      OTHER GENERAL MERCHANDISE (Other than 5311)        26         22              18.18%
  5411   GROCERY STORES                                        17         17               0.00%
  5400   OTHER FOOD STORES (Other than 5411)                   42         42               0.00%
  5511   MOTOR VEHICLE DEALERS (New & Used)                    28         30              -6.67%
  5500   OTHER AUTO  DEALERS, SERV. STATIONS (other than 55    95         91               4.40%
  5600   APPAREL & ACCESSORY STORES                            45         46              -2.17%
  5700   FURNITURE & HOME FURNISHINGS                          43         46              -6.52%
  5812   EATING PLACES ONLY                                    164        173             -5.20%
  5800   OTHER EATING & DRINKING PLACES (Other than 5812)      98         97               1.03%
  5900   MISCELLANEOUS PLACES                                  445        429              3.73%
         TOTAL                                                1063       1055              0.76%
                                                                                 UNADJUSTED FOR PRICE CHANGES  ADJUSTED FOR PRICE CHANGES
                                                                                                                                                                                              % Change
                        INDUSTRY DESCRIPTION                  CPI                  Gross Sales                 Adjusted Sales                    % Change    Year to date                    1997-1996
SIC CODE                                                    Sept 1997  Sept 1996    Sept 1997      Sept 1996      Sept 1997      Sept 1996   Sept 97-Sept 96     1997           1996
  5200   BLDG., MATERIALS, HARDWARE, ETC.                     1.426     1.399      $7,443,403     $6,978,802       $5,219,778     $4,988,422           4.64%   $29,935,052    $37,837,877         -20.89%
  5311   DEPARTMENT STORES                                    1.612      1.578    $13,540,989    $13,544,696       $8,400,117     $8,583,458          -2.14%   $67,268,737    $68,439,286          -1.71%
  5300   OTHER GENERAL MERCHANDISE (Other than 5311)          1.612      1.578     $1,850,724     $1,660,332       $1,148,092     $1,052,175           9.12%    $8,220,959     $7,550,558           8.88%
  5411   GROCERY STORES                                       1.586      1.559    $10,386,856    $10,256,169       $6,549,090     $6,578,684          -0.45%   $63,055,900    $63,128,728          -0.12%
  5400   OTHER FOOD STORES (Other than 5411)                  1.584      1.55      $2,765,650     $2,645,549       $1,745,991     $1,706,806           2.30%   $15,491,816    $14,814,637           4.57%
  5511   MOTOR VEHICLE DEALERS (New & Used)                   1.41        1.4     $18,661,474    $18,171,532      $13,235,088    $12,979,666           1.97%  $115,047,187   $114,985,174           0.05%
  5500   OTHER AUTO  DEALERS, SERV. STATIONS (other than 55   1.41        1.4      $7,977,845     $7,595,786       $5,658,046     $5,425,561           4.28%   $49,882,014    $49,536,061           0.70%
  5600   APPAREL & ACCESSORY STORES                           1.33       1.315     $2,545,061     $2,649,944       $1,913,580     $2,015,167          -5.04%   $15,138,553    $15,509,092          -2.39%
  5700   FURNITURE & HOME FURNISHINGS                         1.254      1.251     $1,826,437     $1,791,090       $1,456,489     $1,431,727           1.73%   $12,548,325    $12,511,524           0.29%
  5812   EATING PLACES ONLY                                   1.578      1.535     $5,212,180     $5,289,015       $3,303,029     $3,445,612          -4.14%   $29,395,713    $30,749,990          -4.40%
  5800   OTHER EATING & DRINKING PLACES (Other than 5812)     1.584      1.55      $5,361,616     $5,092,275       $3,384,859     $3,285,339           3.03%   $26,061,048    $24,934,479           4.52%
  5900   MISCELLANEOUS PLACES                                 1.612      1.578    $27,101,250    $24,548,575      $16,812,190    $15,556,765           8.07%  $125,734,980   $123,471,935           1.83%
         TOTAL                                                                    $104,673,485   $100,223,765     $68,826,349    $67,049,382           2.65%  $557,780,284   $563,469,341          -1.01%
         DULUTH RETAIL SALES INDEX                                                                                 123.44         120.26
SIC CODE                INDUSTRY DESCRIPTION               NUMBER OF RETAIL FIRMS    % Change
                                                            Sept 1997  Sept 1996 Sept1997 - Sept1996
  5200   BLDG., MATERIALS, HARDWARE, ETC.                      54         51               5.88%
  5311   DEPARTMENT STORES                                      9          9               0.00%
  5300      OTHER GENERAL MERCHANDISE (Other than 5311)        26         24               8.33%
  5411   GROCERY STORES                                        15         17             -11.76%
  5400   OTHER FOOD STORES (Other than 5411)                   43         43               0.00%
  5511   MOTOR VEHICLE DEALERS (New & Used)                    29         30              -3.33%
  5500   OTHER AUTO  DEALERS, SERV. STATIONS (other than 55    98         91               7.69%
  5600   APPAREL & ACCESSORY STORES                            46         44               4.55%
  5700   FURNITURE & HOME FURNISHINGS                          42         45              -6.67%
  5812   EATING PLACES ONLY                                    170        174             -2.30%
  5800   OTHER EATING & DRINKING PLACES (Other than 5812)      96         100             -4.00%
  5900   MISCELLANEOUS PLACES                                  457        438              4.34%
         TOTAL                                                1085       1066              1.78%
                                                                                 UNADJUSTED FOR PRICE CHANGES  ADJUSTED FOR PRICE CHANGES
                                                                                                                                                                                              % Change
                        INDUSTRY DESCRIPTION                  CPI                  Gross Sales                 Adjusted Sales                    % Change    Year to date                    1997-1996
SIC CODE                                                   October 199October 199 October 1997   October 1996   October 1997   October 1996   Oct 97-Oct 96      1997           1996
  5200   BLDG., MATERIALS, HARDWARE, ETC.                     1.447     1.402        $7,843,864   $7,105,458       $5,420,777   $5,068,087             6.96%   $45,692,755    $43,235,270           5.68%
  5311   DEPARTMENT STORES                                    1.616      1.583      $12,845,402  $12,433,710       $7,948,887   $7,854,523             1.20%   $75,217,624    $76,293,809          -1.41%
  5300   OTHER GENERAL MERCHANDISE (Other than 5311)          1.616      1.583       $1,554,770   $1,494,031         $962,110    $943,797              1.94%    $9,183,069     $8,494,355           8.11%
  5411   GROCERY STORES                                       1.59       1.568      $15,299,451  $14,220,882       $9,622,296   $9,069,440             6.10%   $72,678,196    $72,198,168           0.66%
  5400   OTHER FOOD STORES (Other than 5411)                  1.587      1.558       $2,829,486   $2,766,689       $1,782,915   $1,775,795             0.40%   $17,274,731    $16,590,432           4.12%
  5511   MOTOR VEHICLE DEALERS (New & Used)                   1.409      1.405      $18,796,147  $18,581,686      $13,340,062  $13,225,399             0.87%  $128,387,249   $128,210,573           0.14%
  5500   OTHER AUTO  DEALERS, SERV. STATIONS (other than 55   1.409      1.405       $8,742,010   $8,693,973       $6,204,407   $6,187,881             0.27%   $56,086,421    $55,723,942           0.65%
  5600   APPAREL & ACCESSORY STORES                           1.349      1.334       $2,060,908   $2,152,146       $1,527,730   $1,613,303            -5.30%   $16,666,283    $17,122,395          -2.66%
  5700   FURNITURE & HOME FURNISHINGS                         1.254      1.25        $1,885,252   $2,083,420       $1,503,391   $1,666,736            -9.80%   $14,051,716    $14,178,260          -0.89%
  5812   EATING PLACES ONLY                                   1.582      1.542       $5,336,739   $5,119,915       $3,373,413   $3,320,308             1.60%   $32,769,126    $34,070,298          -3.82%
  5800   OTHER EATING & DRINKING PLACES (Other than 5812)     1.587      1.558       $4,870,711   $4,148,959       $3,069,131   $2,663,003            15.25%   $29,130,179    $27,597,482           5.55%
  5900   MISCELLANEOUS PLACES                                 1.616      1.583      $27,265,399  $24,497,276      $16,872,153  $15,475,222             9.03%  $142,607,133   $138,947,157           2.63%
         TOTAL                                                                     $109,330,139  $103,298,145     $71,627,272  $68,863,494             4.01%  $639,744,482   $632,662,141           1.12%
         DULUTH RETAIL SALES INDEX                                                                                 128.47         123.51
SIC CODE                INDUSTRY DESCRIPTION               NUMBER OF RETAIL FIRMS    % Change
                                                            Oct 1997   Oct 1996  Oct1997 - Oct1996
  5200   BLDG., MATERIALS, HARDWARE, ETC.                      51         52              -1.92%
  5311   DEPARTMENT STORES                                      9          9               0.00%
  5300      OTHER GENERAL MERCHANDISE (Other than 5311)        24         23               4.35%
  5411   GROCERY STORES                                        17         17               0.00%
  5400   OTHER FOOD STORES (Other than 5411)                   42         43              -2.33%
  5511   MOTOR VEHICLE DEALERS (New & Used)                    30         29               3.45%
  5500   OTHER AUTO  DEALERS, SERV. STATIONS (other than 55    99         91               8.79%
  5600   APPAREL & ACCESSORY STORES                            46         50              -8.00%
  5700   FURNITURE & HOME FURNISHINGS                          41         45              -8.89%
  5812   EATING PLACES ONLY                                    158        160             -1.25%
  5800   OTHER EATING & DRINKING PLACES (Other than 5812)      96         94               2.13%
  5900   MISCELLANEOUS PLACES                                  441        428              3.04%
         TOTAL                                                1054       1041              1.25%
                                                                                 UNADJUSTED FOR PRICE CHANGES  ADJUSTED FOR PRICE CHANGES
                                                                                                                                                                                              % Change
                        INDUSTRY DESCRIPTION                  CPI                  Gross Sales                 Adjusted Sales                    % Change    Year to date                    1997-1996
SIC CODE                                                    Nov 1997   Nov 1996     Nov 1997       Nov 1996       Nov 1997       Nov 1996     Nov 97-Nov 96      1997           1996
  5200   BLDG., MATERIALS, HARDWARE, ETC.                     1.449     1.411      $5,865,427     $6,109,246       $4,216,181     $4,329,728          -2.62%   $49,908,936    $41,132,354          21.34%
  5311   DEPARTMENT STORES                                    1.615      1.586    $16,940,426    $16,009,825       $9,913,204    $10,094,467          -1.80%   $85,130,828    $86,388,276          -1.46%
  5300   OTHER GENERAL MERCHANDISE (Other than 5311)          1.615      1.586     $3,404,482     $3,105,708       $1,923,039     $1,958,202          -1.80%   $11,106,108    $10,452,557           6.25%
  5411   GROCERY STORES                                       1.591      1.572    $10,886,897    $11,766,527       $7,395,680     $7,485,068          -1.19%   $80,073,876    $79,683,236           0.49%
  5400   OTHER FOOD STORES (Other than 5411)                  1.589      1.562     $2,559,716     $2,736,021       $1,721,851     $1,751,614          -1.70%   $18,996,582    $18,342,046           3.57%
  5511   MOTOR VEHICLE DEALERS (New & Used)                   1.406      1.415    $15,386,697    $14,683,479      $10,443,442    $10,377,017           0.64%  $138,830,691   $138,587,590           0.18%
  5500   OTHER AUTO  DEALERS, SERV. STATIONS (other than 55   1.406      1.415     $7,675,657     $7,994,227       $5,685,794     $5,649,630           0.64%   $61,772,215    $61,373,572           0.65%
  5600   APPAREL & ACCESSORY STORES                           1.347      1.334     $2,211,457     $2,301,549       $1,708,648     $1,725,299          -0.97%   $18,374,931    $18,847,694          -2.51%
  5700   FURNITURE & HOME FURNISHINGS                         1.252      1.248     $2,008,082     $1,871,024       $1,494,428     $1,499,218          -0.32%   $15,546,144    $15,677,478          -0.84%
  5812   EATING PLACES ONLY                                   1.586      1.547     $4,794,001     $4,677,572       $2,949,289     $3,023,641          -2.46%   $35,178,415    $37,093,939          -5.16%
  5800   OTHER EATING & DRINKING PLACES (Other than 5812)     1.589      1.562     $3,728,927     $3,483,132       $2,192,028     $2,229,918          -1.70%   $31,322,207    $29,827,400           5.01%
  5900   MISCELLANEOUS PLACES                                 1.615      1.586    $23,814,669    $21,595,278      $13,371,689    $13,616,190          -1.80%  $155,978,822   $152,563,347           2.24%
         TOTAL                                                                    $99,276,438    $96,333,588      $63,015,273    $63,739,992          -1.14%  $702,219,755   $689,969,489           1.78%
         DULUTH RETAIL SALES INDEX                                                                                 113.02         114.32
SIC CODE                INDUSTRY DESCRIPTION               NUMBER OF RETAIL FIRMS    % Change
                                                            Nov 1997   Nov 1996  Nov1997 - Nov1996
  5200   BLDG., MATERIALS, HARDWARE, ETC.                      50         51              -1.96%
  5311   DEPARTMENT STORES                                      9          9               0.00%
  5300      OTHER GENERAL MERCHANDISE (Other than 5311)        22         23              -4.35%
  5411   GROCERY STORES                                        11         17             -35.29%
  5400   OTHER FOOD STORES (Other than 5411)                   43         43               0.00%
  5511   MOTOR VEHICLE DEALERS (New & Used)                    29         28               3.57%
  5500   OTHER AUTO  DEALERS, SERV. STATIONS (other than 55    96         90               6.67%
  5600   APPAREL & ACCESSORY STORES                            46         50              -8.00%
  5700   FURNITURE & HOME FURNISHINGS                          43         44              -2.27%
  5812   EATING PLACES ONLY                                    159        157              1.27%
  5800   OTHER EATING & DRINKING PLACES (Other than 5812)      94         90               4.44%
  5900   MISCELLANEOUS PLACES                                  446        427              4.45%
         TOTAL                                                1048       1029              1.85%
                                                                                 UNADJUSTED FOR PRICE CHANGES  ADJUSTED FOR PRICE CHANGES
                                                                                                                                                                                              % Change
                        INDUSTRY DESCRIPTION                  CPI                  Gross Sales                 Adjusted Sales                    % Change    Year to date                    1997-1996
SIC CODE                                                    Dec 1997   Dec 1996     Dec 1997       Dec 1996       Dec 1997       Dec 1996     Dec 97-Dec 96      1997           1996
  5200   BLDG., MATERIALS, HARDWARE, ETC.                     1.456     1.606      $6,295,125     $5,397,341       $4,323,575     $3,360,735          28.65%   $54,232,511    $50,925,733           6.49%
  5311   DEPARTMENT STORES                                    1.613      1.586    $26,637,858    $25,647,459      $16,514,481    $16,171,160           2.12%  $101,645,309   $102,559,436          -0.89%
  5300   OTHER GENERAL MERCHANDISE (Other than 5311)          1.613      1.586     $3,575,926     $3,052,983       $2,216,941     $1,924,958          15.17%   $13,323,049    $12,377,515           7.64%
  5411   GROCERY STORES                                       1.592      1.577    $11,096,480    $10,891,824       $6,970,151     $6,906,673           0.92%   $87,044,027    $86,589,909           0.52%
  5400   OTHER FOOD STORES (Other than 5411)                  1.591      1.566     $2,752,887     $2,772,066       $1,730,287     $1,770,157          -2.25%   $20,726,869    $20,112,203           3.06%
  5511   MOTOR VEHICLE DEALERS (New & Used)                    1.4       1.417    $14,241,677    $13,246,912      $10,172,626     $9,348,562           8.81%  $149,003,317   $147,936,152           0.72%
  5500   OTHER AUTO  DEALERS, SERV. STATIONS (other than 55    1.4       1.417     $7,917,760     $8,001,923       $5,655,543     $5,647,088           0.15%   $67,427,758    $67,020,660           0.61%
  5600   APPAREL & ACCESSORY STORES                           1.316      1.303     $3,717,124     $3,758,118       $2,824,562     $2,884,204          -2.07%   $21,199,493    $21,731,898          -2.45%
  5700   FURNITURE & HOME FURNISHINGS                         1.251      1.25      $2,464,440     $2,466,770       $1,969,976     $1,973,416          -0.17%   $17,516,120    $17,650,894          -0.76%
  5812   EATING PLACES ONLY                                   1.59       1.55      $5,062,546     $4,975,206       $3,183,991     $3,209,810          -0.80%   $38,902,406    $40,303,749          -3.48%
  5800   OTHER EATING & DRINKING PLACES (Other than 5812)     1.591      1.566     $4,757,237     $4,281,498       $2,990,092     $2,734,034           9.37%   $34,312,299    $32,561,434           5.38%
  5900   MISCELLANEOUS PLACES                                 1.613      1.586    $35,491,838    $33,169,732      $22,003,619    $20,914,081           5.21%  $177,982,441   $173,477,428           2.60%
         TOTAL                                                                    $124,010,898   $117,661,832     $80,555,844    $76,844,878           4.83%  $783,315,599   $773,247,011           1.30%
         DULUTH RETAIL SALES INDEX                                                                                 144.48         137.82
SIC CODE                INDUSTRY DESCRIPTION               NUMBER OF RETAIL FIRMS    % Change
                                                            Dec 1997   Dec 1996  Dec 1997 - Dec 1996
  5200   BLDG., MATERIALS, HARDWARE, ETC.                      48         53              -9.43%
  5311   DEPARTMENT STORES                                      9          9               0.00%
  5300      OTHER GENERAL MERCHANDISE (Other than 5311)        25         25               0.00%
  5411   GROCERY STORES                                        17         17               0.00%
  5400   OTHER FOOD STORES (Other than 5411)                   41         43              -4.65%
  5511   MOTOR VEHICLE DEALERS (New & Used)                    30         30               0.00%
  5500   OTHER AUTO  DEALERS, SERV. STATIONS (other than 55    100        93               7.53%
  5600   APPAREL & ACCESSORY STORES                            43         49             -12.24%
  5700   FURNITURE & HOME FURNISHINGS                          45         46              -2.17%
  5812   EATING PLACES ONLY                                    155        159             -2.52%
  5800   OTHER EATING & DRINKING PLACES (Other than 5812)      93         93               0.00%
  5900   MISCELLANEOUS PLACES                                  430        444             -3.15%
         TOTAL                                                1036       1061             -2.36%