The National Retail Federation welcomed a study showing that it costs retailers $6.8 billion annually to collect state and local sales taxes across the nation. The group says the study could help merchants in their long-sought goal of receiving appropriate compensation for the collection costs. The study, conducted by the accounting firm PricewaterhouseCoopers LLP, found that retailers’ cost of collecting sales tax – from training personnel to filing paperwork – amounts to an average of 3.09 percent of the amount of tax collected, or $6.8 billion annually nationwide.
Big Lots, a discount store that carries everything from clothes to home furnishings and electronics, signed a lease for a new location in the First & Main Town Center off Powers Boulevard. The retailer is completing $227,000 in tenant improvements to its new storefront at 2975 New Center Pt., according to Pikes Peak Regional Building […]
Atlanta-based Chick-fil-A will add six locations in Colorado within the next 12 months, including one on west Garden of the Gods Road, which will employ 65 people. Chick-fil-A President and Chief Operating Officer Dan Cathy said the privately owned chain will grow by 64 restaurants during 2009. “We’re growing because we’ve got the cash to […]
Carmax is building a new garage at its Powers Auto Park location for reconditioning work for its vehicles in the Springs and Denver. The national used car dealer opened its location at 4014 Tutt Blvd. in June of 2008, said Carmax spokeswoman Elia Imler. The new garage is an expansion into the service center, she […]
There was broad support from those who spoke at an initial public input meeting regarding a possible city ordinance prohibiting panhandling downtown Tuesday. Before the city administrators present the ordinance at an informal city council meeting Monday, the Downtown Partnership wanted to get input from stakeholders, said downtown partnership executive director Ron Butlin. The ordinance […]
The International Council of Shopping Centers presented six tenants with its 2007 Hot Retailers Award. The winners were J. Crew, The Little Gym, Lucy, ULTA, Uniqlo and WineStyles. These tenants won because of their wide range of goods, representing the diversity of resources in today’s shopping centers.