For many, the Labor Day weekend signifies the turning of the seasons, and for retailers it’s no different — the weekend is a time to get rid of the summer merchandise and debut the fall fashions. “Labor Day is big for retailers,” said National Retail Federation spokeswoman Kathy Grannis. “It’s an important time sales-wise to break out the fall styles that everyone’s waiting for, and some shoppers will be snooping for deals on summer clothing.”
A local bathtub, tile and countertop surface refinishing company has announced that in September it will relocate its national headquarters to Colorado Springs. Miracle Method Surface Refinishing will move next month into its larger space near the intersection of Garden of the Gods Road and 30th Street from its current location at 5020 Mark Dabling […]
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 […]
Many retailers delivered solid sales gains for December, but heavy discounts needed to get shoppers to buy exacted a high price, clouding the holiday shopping season. Merchants had to mark down coats and other gifts to get shoppers to buy in a challenging economy. A mild start to winter also didn’t help, wilting shoppers’ appetite […]
Al’s Formal Wear has acquired all the assets of Mister Neat’s Formalwear, the largest formal wear company in Colorado. Mister Neat’s Formalwear was founded in 1972 and has a distribution center in Loveland and 17 retail stores throughout the state, including three in Colorado Springs. Al’s Formal Wear has been in business for more than […]
The challenge dubbed “David vs. Goliath” is again brewing in Colorado between national grocery chains and independently owned liquor stores allied with the craft beer and wine industry. Voters may be the deciding factor in the fight during the November 2016 election. The question: Is it time to sell liquor, wine and full-strength beer in […]
After nearly two years of anticipation, it’s finally here. Outdoor retailer Bass Pro Shops opened its 62nd location to much fanfare Wednesday at the Copper Ridge at Northgate development in north Colorado Springs. At the 6 p.m. grand opening of the state’s second Outdoor World, notable figures including company founder Johnny Morris, Duck Dynasty star […]
Historically men are the big spenders when hit by cupid’s arrow and this Valentine’s Day is no exception. According to the National Retail Federation’s 2007 Valentine’s Day Consumer Intentions and Actions Survey, conducted by BIGresearch, the average man is expected to spend $156.22, nearly double the $85.08 that the average woman will spend.
Target Corp. is offering extended electronics service plans – just in time for the holiday shopping season. The plans offer three years of coverage on all consumer electronics, except for contract cell phones. Consumers can buy a service plan when they purchase an item or up to 90 days after a purchase. The three-year period starts on the date the item was purchased. The plans range in price from $19 for products priced under $200 to $79 for products that sell for $1,000 or more. Consumers appear to be seeking not only low prices, but better service for complex gadgets.
Most pet owners consider their furry friends to be part of the family and, increasingly, they’re feeding them like family. In a 2016 report titled “The Humanization of Pet Food,” data company Nielsen stated that 95 percent of pet owners treat their pets like family members, up 7 points from 2007. That correlates with the […]
Traffic at the nation’s retail cargo ports is slowly climbing, despite the continuing economic slowdown — but it will remain below last year’s levels for most of 2008. The monthly tracker report from the National Retail Federation shows that month-to-month levels are climbing, but are lower this year because of reduced consumer demand. Traffic should pick up by the beginning of the fourth quarter.