Retailers are bracing for higher returns this holiday season, some of which will be fraudulent. According to the National Retail Federation’s second annual Return Fraud Survey, loss prevention executives anticipate that 8.93 percent of holiday returns will be fraudulent, up slightly from 8.67 percent last year.
More than 152 million people plan to shop Black Friday weekend, an increase from last year’s total of 138 million people. According to a survey by the National Retail Federation, 74 million people say they will definitely hit stores, while another 77 million are waiting to see if the bargains are worth braving the colds […]
The Toni & Guy Hairdressing Academy is moving from its far south Colorado Springs location into a three-story building at Union and Academy boulevards. The move allows the academy to double its space to nearly 18,000 square feet, and give the school a more campus-like feel, said Sandy Chandler, academy owner and director. The academy […]
Online spending is expected to increase 17 percent this year, despite a sluggish economy. Retail sales online, excluding travel purchases, are expected to grow to $204 billion, compared to $174.5 billion during 2007. Online sales are fueled by sales of apparel, computers and automobiles, according to The State of Retailing Online 2008 study conducted by Forrester Research Inc. for Shop.org, the online arm of the National Retail Federation trade group.
Ted Byer will open the first Title Boxing Club franchise in Colorado Springs on Nov. 4 at 4663 Centennial Blvd. Boxing has historically been a rough inner-city kind of sport. But the workout is increasingly gaining popularity and the trendy Title Boxing Club plans to open franchises around the country. “The mainstream really misses out […]
Five years have passed since part of a fledgling urban renewal project in north-central Colorado Springs began a journey to become a shopping and dining mecca. In those five years, University Village Colorado — an 80-acre property once peppered with derelict motels and blight — has become a major source of both employment and tax […]
Two-thirds of online retailers said the deadline to place orders for ground shipping with delivery by Christmas is Dec. 18, according to the Shop.org/Shopzilla 2007 eHoliday study. The survey found that most retailers’ free ground shipping offers (76.1 percent) will expire on or before that day. Shop.org’s CyberMonday.com, provides a list of retailers still offering […]
The Department of Labor reported this morning that the Consumer Price Index rose by 0.3 percent in December, slower than the 0.8 percent during November. Consumer prices rose by 4.1 percent during 2007, the biggest jump in 17 years, and up almost 60 percent from a 2.5 percent increase in 2006. The increase was largely […]
Hunter-Wolff Gallery will relocate March 1 to a larger space at 2510 W. Colorado Ave. The gallery is one block east of its current location, which opened during October 2005. More than double the size of the previous location, the new gallery will accommodate the addition of several new artists who will be announced during the grand re-opening from 5 p.m. to 8 p.m. April 19.
Triarc Companies Inc., the franchisor of the Arby’s restaurant system, and Wendy’s International Inc. have signed a definitive merger agreement, which has been approved by the boards of directors of both companies. The combined quick-service restaurant brands will have about 10,000 restaurants and annual system sales of about $12.5 billion, positioning it as the nation’s third largest quick service restaurant company.
The city of Colorado Springs is stepping up its presence downtown — with more police, better focus on homeless services and the possibility of a police substation downtown on Tejon Street. “It’s not finalized, but we’re really looking hard to have space downtown,” said Colorado Springs Police Commander Pat Rigdon. That would be in the […]