Growing eastside wins iT’Z entertainment hub

Filed under: Retail |

There are two ither iT’Z locations, one in Albuquerque and one in Houston, pictured above.

iT’Z the third one in the nation, the first in Colorado and iT’Z almost here.
A new family, food and fun entertainment destination, iT’Z recently broke ground at 3035 New Center Point at First & Main Town Center.
Other locations are in Houston and Albuquerque.
The location was picked because of high traffic. An average of 73,961 vehicles a day pass through the intersection of Powers Boulevard and North Carefree Circle (according to the City of Colorado Springs), near First & Main Town Center.
According to Nor’wood Development Group, there are 340,000 people within a 15-minute drive of First & Main Town Center.
Adding yet another venue to the eastside, the opening is scheduled for next spring and will bring about 200 jobs to the area.
iT’Z provides food, themed dining rooms, video games, amusement rides, bowling and party facilities in a 45,000-square-foot, free-standing building.
According to the International Association of Amusement Parks and Attractions, the amusement parks and attractions industry generated revenue of $11.2 billion during 2005, an increase of 4 percent compared to 2004.
The facility can accommodate up to 2,000 guests.

Janska growing

Clothing designer Janska has decided to open a new location.
The company’s products are made from Polartec fleece fabric manufactured by Massachusetts-based Malden Mills. Sew & Sew Manufacturing Inc. located near Pikes Peak Community College makes the clothing.
Outgrowing its office near downtown, the company is moving to a warehouse facility off Fillmore Street at 3334 Adobe Court.
Janska products are sold online at www.janska.com, in six catalogs and in retail stores in 30 states and Canada, including locally at Lang’s Shoes Inc. on Wahsatch, abaTina on 8th Street, Mount Tejon and Saboz in downtown and the gift shop at Penrose-St. Francis Health Services.
“So many of the clothing mills and manufacturers have gone overseas,” said Jan Erickson, owner and designer of Janska. “(It’s) important for us to have goods made and manufactured in the U.S.”

Olivia & Rose opening

A new gift and stationery store, Olivia & Rose, is scheduled to open Aug. 1 at The Promenade Shops at Briargate.
Located between Talbots and Little Tibet, Olivia & Rose is a locally owned boutique with more than 100 lines of name-brand items, and unique and handmade merchandise.
Services include complimentary gift wrap, gift registries, in-house printing, and creative writing and etiquette advice.

Back-to-school season

June saw modest sales gains, leaving many retailers hopeful about the upcoming back-to-school season.
According to the National Retail Federation, retail industry sales (which exclude automobiles, gas stations, and restaurants) rose 3.4 percent unadjusted compared to last year and decreased 0.5 percent seasonally adjusted from May.
“Consumers scaled down their shopping last month to buy necessities, which negatively affected department and specialty stores,” said NRF Chief Economist Rosalind Wells. “Retailers are now shifting their focus toward back-to-school, which should provide a nice sales boost in July and August.”
Health and personal care stores seemed to show resilience to consumer’s slowed spending last month, with sales increasing 1.2 percent seasonally adjusted compared to May and 6.7 percent unadjusted compared to last June. General merchandise stores were another bright spot, with sales increasing 0.3 percent seasonally adjusted month-to-month and 5.3 percent unadjusted year-over-year.
Clothing and clothing accessories stores sales decreased 1.4 percent seasonally adjusted month-to-month and increased 4.9 percent unadjusted year-over-year. The electronics and appliances category also posted mixed results with sales decreasing 1.4 percent compared to May and increasing 1.4 percent unadjusted compared to last June.
The weak housing market hit furniture and home furnishings stores and building material and garden equipment and supplies dealers the hardest.
Sales decreased 3 percent compared to the previous month and 1.4 percent unadjusted year-over-year at furniture and home furnishings stores. Sales decreased 2.3 percent seasonally adjusted compared to the previous month and 2.6 percent unadjusted compared to last June at building materials stores.
Joan Johnson covers retail for the Colorado Springs Business Journal.