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Holiday shoppers to spend an average of $471

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U.S. households are expected to spend an average of $471 on gifts during the holiday season, up from last year’s estimate of $449, The Conference Board reported this week. The survey of Christmas gift spending intentions covers a nationally representative sample of 5,000 U.S. households. It was conducted during November by TNS, the world’s largest… Continue Reading Holiday shoppers to spend an average of $471

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For the first time ever, Starbucks saw its in-store traffic drop — by 1 percent — during the summer. So, the retail coffee giant is taking steps to ensure it’ll meet its growth goals. The company will launch its first national television advertising campaign today with prime-time ads airing between now and Christmas. District managers… Continue Reading Starbucks traffic slows, store expansion cut by 100

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Although malls will continue to be a popular destination for stores, it appears that more retailers are finding urban storefronts appealing.
According to findings from the 2007 National Retail Federation Retail Real Estate study conducted by AMR Research, retailers are slowly moving back to Main Street to diversify their storefronts. Continue Reading Retailers shift their focus from malls to storefronts

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Holiday hiring surge weak

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The holiday season usually means employment, even if only temporary, for a lot of American job seekers, but not as many are finding work this year. October typically marks the beginning of the holiday hiring surge, but less than 72,000 seasonal job seekers found new jobs during October – a rate that’s shaping up to… Continue Reading Holiday hiring surge weak

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Wealthy Americans have a lot more spending cash these days. A recent tally estimates that about 73 million U.S. households have discretionary income. That’s up from about 57 million during 2002, according to statistics from The Conference Board. But, nearly 78 percent of all that discretionary income is held by households earning more than $100,000,… Continue Reading Households with discretionary income up 16 million in four years

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Colorado may soon see a new face in the smoothie market, with more than just the popular flavored ice drinks.
Mark Thompson, president of Monument-based Pinnacle Business Authority, has purchased the rights to develop Froots franchises in Colorado.
“What separates Froots from other smoothie franchises in the market is the offering of wraps and salads as well,” Thompson said. “Two-thirds of the sales are wraps and salads versus just smoothies.”
The headquarters for Froots of Colorado will be in Monument. Continue Reading Froots thinks there’s room for additional smoothies

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Colorado now nation’s biggest beer producer

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Colorado is known for its majestic mountain ranges, natural beauty, rich history – and now for beer. The state outpaced former first place beer producer California last year when it produced more than 23.3 million barrels or 724.5 million gallons of beer, according to newly released data from the Beer Institute. California now ranks No.… Continue Reading Colorado now nation’s biggest beer producer

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The holiday season means a lot of differing things to different people, but for the post office it surely means one thing – a lot of work. Postal carriers will deliver an estimated 21 billion pieces of mail this season. So, to ensure smooth, timely delivery of holiday packages, the Colorado Springs branch of the… Continue Reading Post office offers holiday mailing tips, deadlines

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FDA to gain recall authority

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President Bush proposed yesterday that the Food and Drug Administration be empowered to order mandatory recalls of food products suspected to be unsafe. Bush made the announcement yesterday after an oversight panel recommended the FDA be given recall authority. Currently, the FDA lacks the authority to order recalls, but works with producers on voluntary recalls.… Continue Reading FDA to gain recall authority

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Old Colorado City dreaming of green Xmas

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This year Old Colorado City will replace incandescent holiday lights with LED lights like the ones pictured here. Christmas lights photo courtesy of HolidayLEDS.com Old Colorado City has traded in its old incandescent holiday lights for new LED lights. The new bulbs are more efficient and offer a different kind of glow. Planners of the… Continue Reading Old Colorado City dreaming of green Xmas

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