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There will be no charge for on-street parking in downtown Colorado Springs and Old Colorado City on Saturdays throughout December. The free parking is expected to cost the city $27,200 in uncollected meter money, but city officials reason that the free parking will bolster shopping traffic and in turn boost sales tax revenue.

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National women’s sportswear retailer Title Nine will move into the longtime vacant downtown retail space next to Terra Verde this spring. The storefront, at 210 N. Tejon St., has sat empty for more than three years. The space, along with Terra Verde’s, was once home to the Chinook Book Shop, but when Chinook went out… Continue Reading Title Nine to fill longtime empty space next to Terra Verde

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Cyber Monday virtually all its cracked up to be

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If there was any doubt about Cyber Monday being all that for online retailers, this year’s sales totals might convince skeptics. Overall traffic to retail Web sites rose 26 percent this year, according to Shop.org. Internet analysis company, comScore.com says the one-day sales totals reached $733 million. CyberMonday.com, a site that compiles Cyber Monday deals,… Continue Reading Cyber Monday virtually all its cracked up to be

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Nearly two months after opening its first Colorado Springs location, the Denver-based Spicy Pickle sandwich restaurant chain has opened a second Springs store – and there are apparently more on the way. The first store opened Sept. 4 at 1466 W. Garden of the Gods Road. The second location opened last week in Briargate at… Continue Reading Colorado Springs on Spicy Pickle expansion fast track

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Lodging group reports increased bookings

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The Colorado Hotel and Lodging Association is reporting that year-to-date 66.4 percent of Colorado hotel rooms have been occupied, compared to 64.6 percent a year ago. The statewide average daily room rate during October was $115.93, compared to $105.72 one year ago. Colorado Springs’ average daily room rate for October hit $86.68, down from August’s… Continue Reading Lodging group reports increased bookings

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No work, all play on Cyber Monday

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Shhh. Don’t let your boss know it’s Cyber Monday – the Monday after the Thanksgiving holiday that Americans go to work and do their holiday shopping online. Even though the management might frown on it, more and more people appear to be using the day to shop while on the company dime. This year, 68.5… Continue Reading No work, all play on Cyber Monday

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Retailers are bracing for higher returns this holiday season, some of which will be fraudulent.
According to the National Retail Federation’s second annual Return Fraud Survey, loss prevention executives anticipate that 8.93 percent of holiday returns will be fraudulent, up slightly from 8.67 percent last year. Continue Reading It’s once again the season for spike in return fraud

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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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