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Competition in grocery industry is in the bag

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Competition is brutal for smaller retail grocers. Yet as grocery sales approach more than $800 billion a year, many of these companies are growing at an explosive rate.
Wal-Mart, the nation’s largest food retailer, accounts for about 14 percent of all grocery sales. Continue Reading Competition in grocery industry is in the bag

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In May 2003, Steve Bigari opened a McDonald’s call center in Colorado Springs. Six of his 12 stores tested the idea of off-site order taking.
Now other McDonald’s franchises are beginning to latch on to the call center idea. Continue Reading Restaurants test remote drive-through ordering

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Store shelves will soon show video screen ads

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Retailers are losing their traditional television audiences to cable, their radio listeners to satellite services and newspaper readers to the Internet.
So Vestcom, a company that makes price labels that adorn shelves nationwide is developing a different way to reach shoppers: video monitors attached to store shelves. Continue Reading Store shelves will soon show video screen ads

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The nation’s biggest retailer announced its urban renewal plan this week: Wal-Mart plans to build stores in distressed metropolitan areas.
Lee Scott, the company’s CEO, said that during the next two years Wal-Mart will open 50 stores that will create between 15,000 and 25,000 new jobs. Continue Reading Wal-Mart sets its sights on blighted urban areas

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Federal law enforcement authorities estimate that theft rings steal as much as $30 billion in merchandise from retail stores every year.
Organized retail theft is much different than shoplifting. ORT usually involves multiple people who steal goods, not for their own personal use, but to sell through fencing operations, flea markets and swap meets. Continue Reading Merchants still pushing passage of retail theft bill

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Consumer confidence going out like a lamb

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After an upturn in February, consumer confidence dropped in March, reflecting the uncertainty American consumers have about future economic conditions, according to results of the RBC Consumer Attitudes and Spending by Household Index.
The index for March stands at 86.2, a considerable decrease from 96.1 in February. Continue Reading Consumer confidence going out like a lamb

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IFA conducting outreach to minority community

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The International Franchise Association has announced plans for “MinorityFran,” an initiative to help member companies recruit additional minority franchisees into their systems.
MinorityFran will build on relationships through the IFA’s Diversity Institute with organizations such as the National Urban League, the Association of Small Business Development Centers, the U.S. Pan Asian American Chamber of Commerce and the Minority Business Development Agency of the U.S. Department of Commerce. Continue Reading IFA conducting outreach to minority community

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Mike and Tammy Pinto plan to open a restaurant in downtown Colorado Springs this month.
Bistro de Pinto, at 26 E. Kiowa, will be about 1,000 square feet, seat about 30 people and have about six employees. Continue Reading Bistro de Pinto joins downtown restaurant scene

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A Colorado Springs running store has been named a top choice in four readers’ polls by Runners World magazine.
Colorado Running Co., 833 N. Tejon St., won for the mountain region in the categories of general excellence, best customer service, best community outreach and best product selection. Continue Reading Running specialty store tops national mag polls

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Saboz doubles display area, inventory, styles

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One of Colorado Springs’ upscale shoe stores now carries more styles and selections.
“We took an area that used to be dressing rooms – we were using it for storage,” said Saboz owner Linda Bridger. “We remodeled and more than doubled our shoe display area.” Continue Reading Saboz doubles display area, inventory, styles

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