Despite nicer spring weather, consumers tempered their retail spending in April, according to the National Retail Federation. April retail sales, which exclude automobiles, gas stations and restaurants, were unchanged seasonally-adjusted month-to-month, yet increased 4.7 percent unadjusted year-over-year. “The shift in Easter to April did not provide enough bounce to retailers, as retail sales struggled to […]
The McDonald’s at Flintridge Drive is being torn down – only to be replaced with a new building. “We purchased the building a couple years ago and have been wanting to do this for some time,” owner Charlie Golding said. He said the McDonald’s at 4801 N. Academy opened in 1972 and hasn’t been spruced […]
Taco Bell has put the sizzle back in its U.S. sales after a nearly yearlong slump stemming from a short-lived lawsuit that created a stir. The Mexican-style chain saw its revenue at U.S. restaurants open at least a year rise 6 percent in the first quarter. And its parent company, Yum Brands Inc., is predicting […]
Although the retail climate has changed dramatically during the last year, the top retail power players have not. STORES magazine’s Top 100 Retailers List, which is sponsored by SAP and featured in this month’s issue, is an annual snapshot of the retail industry. Companies are ranked by revenue and grouped regardless of the segment or segments in which they operate.
Retail sales ticked down slightly in October as consumers halted discretionary spending in the face of inclement weather and uncertainty in Washington. October retail sales – excluding automobiles, gas stations and restaurants – decreased .3 percent seasonally adjusted from September, but increased 3.9 percent from October 2011. “While Hurricane Sandy certainly impacted consumer spending in […]
Shannon Rogers is a 39-year-old go-getter. Formerly executive director at the Senior Resource Council, Rogers recently accepted a new position as sales and relationship manager with Discover Goodwill of Southern and Western Colorado. Tell us how you professionally grew with your previous job. The Senior Resource Council executive director position was a great introduction into […]
Scott Koons and his business partner John Bauer certainly like beer, but that’s not necessarily why they opened Colorado Mountain Brewery...
The new year is bringing new changes to the downtown business scene, particularly up and down the main artery of Tejon Street. A number of new businesses are taking root on Tejon, replacing some of the area’s recognizable mainstays. In other cases, businesses are closing and leaving behind vacancies. For example, the iconic Olive Branch […]
A Honda dealership slated to open at the end of the month at the Powers Auto Park is hiring roughly 50 full-time local employees. The Piercey Automotive Group, based in Southern California, is opening the new dealership, but is only sending a few employees from its headquarters. The rest of the new staff will be […]
Tejon Street stores are getting credit for being on the cutting edge of a new wave of retailing – small shops with easy parking near restaurants and entertainment venues, according to a new book on shopping in Colorado. “They really have come full circle,” said Judie Schwartz, author of “A Fashion Lover’s Guide to the Best Shopping in Denver and Beyond.”
Wealthy Americans have a lot more spending cash these days. A recent tally estimates that about 73 million U.S. households have discretionary income. That’s up from about 57 million during 2002, according to statistics from The Conference Board. But, nearly 78 percent of all that discretionary income is held by households earning more than $100,000, […]
Another big-name player has decided to enter the growing market of smoothie franchises in Colorado Springs. Smoothie King is now open at 9275 N. Union Blvd., across from Memorial Hospital North. According to a study by FRANdata, Smoothie King owns the biggest share of the smoothie market. Jamba Juice, currently with three locations in the Springs, is second.