As gas prices fluctuate because of insecurity in oil-producing regions, local businesses are coping with increased fuel costs of 32 percent or more.
Crude oil prices are trading at $66 a barrel, the highest since Hurricane Katrina disrupted oil production in the Gulf Coast region. Continue Reading More pain expected at pump
The 200th anniversary of Zebulon Pike’s expedition in Colorado will bring new business opportunities and heritage tourists to Colorado Springs, as the region prepares to honor the exploits of the adventurer and Army soldier.
“It’s a once-in-a-lifetime event,” said Dianne Perea, director of public relations and marketing for Experience Colorado Springs at Pikes Peak, formerly the Colorado Springs Convention and Visitors’ Bureau. Continue Reading Pike bicentennial should boost regional economy
The Guinea Pigg, a store specializing in women’s clothing and accessories, will open at 110 N. Tejon St. in April, moving from its 30-year location in Old Colorado City.
The store is owned by Sy and Sue Bachman. Continue Reading Guinea Pigg sets sights on Tejon Street location
As women achieve greater income parity with men, earn more college degrees and are placed in more upper-level management positions, more marketing professionals are paying attention to the female voice when they plan advertising campaigns.
Women represent an economic powerhouse, making more than 85 percent of purchases and influencing the purchase of more than 95 percent of total goods and services. Female consumer spending totals $3.7 trillion and their business spending totals $1.5 trillion each year. Continue Reading Marketing groups ignore women at their own peril
Glimpsing the tell-tale round sign with the five diagonal slashes flash by at 160 mph while cruising along the speed-limitless German autobahn, Benjamin Kwitek was struck by the thought there might be a consumer market for exotic road signs in the United States.
“I travel a lot for my day job, a product design company. I go to Europe often,” Kwitek said. “I love the no-speed-limit signs. On those trips, I often use an exotic car that goes very fast. I thought auto enthusiasts in America might want the signs to hang in their garages or dens.” Continue Reading At the signpost up ahead …
As athletes prepare for next month’s Winter Games, the U.S. Olympic Committee retail store in Colorado Springs is preparing for the rush on all things Olympic.
Store managers expect the rush to begin the middle of January and continue during the Games in Torino, Italy, scheduled for Feb. 10 through Feb. 26. Continue Reading Winter Games expected to boost Olympic sales
Local retailers rang up a very merry holiday season, outperforming national trends, thanks in large part to gift cards and last-minute shoppers.
At The Citadel Mall, sales were up 2.5 percent compared to last year during the final week of Christmas shopping, said Diane Loschen, marketing manager for the mall. Continue Reading Malls’ holiday sales rise; discount chains mixed
Retail development continued to grow in 2005, and announcements for several large developments and national chains targeting Colorado Springs made news. Continue Reading 2005 Retail gains outpace lossesContinue reading …
Research shows that Hispanic buying power equaled $580 billion in 2004, making the demographic a difficult one for businesses to ignore. In 2005, the buying power of the U.S. Hispanic market was larger than the gross domestic product of Mexico.
Businesses that want to attract the Hispanic population should keep two things in mind, said Alecia Jones, president-elect of the Hispanic Chamber of Commerce in Colorado Springs. Continue Reading Buying power makes Hispanics key market
The Pikes Peak Independent Business Alliance needs volunteers to contact members and plan events to promote local businesses.
“We had a few setbacks in the last part of 2005,” said Andy Gipe, president of the PPIBA. “But we do have the Web site up, and the online director is working. We just need manpower at this point. We’re trying to get back in touch with members and get things started again.” Continue Reading PPIBA seeks volunteers to plan promotions