During the past 18 months, Wendy’s, the No. 3 fast-food chain, has faced challenges ranging from new product flops to marketing nightmares. Perhaps it’s still recovering from the 2002 death of a marketing icon, founder Dave Thomas, who appeared in more than 800 commercials. Thanks to the rollout of its Frescata deli sandwiches, April was the first month during the past 14 that saw sales growth compared to a year earlier. While sales grew just 0.4 percent at stores open at least a year (known as same-store sales), the psychological boost for Wendy’s was huge.
For a number of national sports organizations, Colorado Springs is not only on the map, it’s a common destination point for meeting, training and competing. Runners, wrestlers, swimmers, divers, bikers and ice skaters are among the many athletes the U.S. Olympic Training Center brings to the state. And, along with the athletes come their money, pumping hundreds of thousands of dollars into the local economy each year. Well aware of this, Mike Moran works to attract and retain sporting organizations to the city as communications director for the Colorado Springs Sports Corp.
Total revenue for Colorado’s commercial banks insured by the Federal Deposit Insurance Corp. jumped 17.5 percent between the first quarter of 2005 and the first quarter of 2006. Net income for the state’s 160 FDIC-insured commercial banks was $134 million, up from $114 million during the first quarter of 2005.
Memorial Health Systems has entered into a partnership with The Children’s Hospital in Denver to jointly manage Memorial Hospital for Children in Colorado Springs. The new facility will replace Memorial’s existing children’s hospital. The two are the only National Association of Children’s Hospitals and Related Institutions designated and nationally recognized children’s hospitals in Colorado.
The discount cards cluttering consumer’s key chains play a vital part in getting the coupons and products shoppers want while boosting sales at supermarkets and drugstores. These loyalty cards are used as research tools for what’s called “data mining,” the same tool used by the National Security Agency in culling through Americans’ telephone records to uncover terrorist plots.
City director of planning and community development, Bill Healy, believes in a vibrant downtown and in careful residential planning to ensure the area’s economic health. The former Oregon resident also admits a preference for greenery, trees and rolling topography. Since arriving in Colorado Springs three years ago, he has embraced the challenges that come with burgeoning growth.
Don Sall will hang up his hat as Wells Fargo’s regional president for the greater Colorado region when he retires at the end of the year. Saul, who joined the bank in 1973 and spent the last 13 years in Colorado Springs, made the retirement announcement last week. As president, Sall manages Wells Fargo’s banking operations in Greater Colorado and oversees more than 1,300 team members at about 70 branches in 30 communities.
Pastor Barry Farah had a dream: to attract a congregation to an accessible, highly visible location with plenty of room to grow. The site he identified for his Springs Calvary church was a 23,000-square-foot space on two levels at Tiffany Square, on the southwest corner of the Woodmen Road interchange off Interstate 25. The church would occupy a former movie theater space and would include a large auditorium, a youth ministries area and mezzanine, complete with infant and toddler areas. Walls were to be removed to open the sanctuary to accommodate up to 550 people, with room for up to 500 more.
Dennis P. Bruens has been named director of the Penrose Cancer Center. He is replacing Deborah Hood, who will be leaving after 27 years with the health system. Bruens was the former director of the San Juan Cancer Center at St. Mary’s Hospital and Medical Center in Grand Junction. He also served as director of planning and business development.
When RadioShack Corp. closed 480 stores, the company’s plan was to freshen its merchandise offerings. Part of the new look will include a return to selling televisions, flat-panel TVs, that is. Televisions were phased out of RadioShack’s in 2002 to make room for smaller items. And the electronics retailer has no illusions about how long it might take to lure in its new target market.
As an increasing number of Colorado Springs residents are choosing downtown jobs and lifestyles, businesspeople like Gretchen Moran stand ready to serve them. Moran is the manager of Tejon Street Grocery Deli, which opened the first week of May and caters to young professionals, loft owners and people on the go. The former New York native who appreciates access to gourmet foods, fine cheeses, prepared deli meals as well as everyday milk-bread-and-snack fare, says she looks forward to growing with the downtown community.
An ongoing Internal Revenue Service investigation has uncovered that a large number of tax-exempt credit counseling agencies are not complying with tax-exempt operating laws. During the last two years, the IRS has been auditing 63 credit counseling agencies that generate more than half the industry’s revenue.