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Small Biz Saturday promotes local shopping

More than 100 Colorado Springs retailers will officially participate in Small Business Saturday on Nov. 24, according to the American Express website. Others who don’t accept American Express will likely take part as well. The event, designed to promote small local businesses during the start of the important holiday shopping season when events like Black… Continue Reading Small Biz Saturday promotes local shopping

Small business owners are expecting a slight bump in holiday sales this year and about 40 percent of them are expecting the majority of their sales to be done online. The National Retail Federation is predicting a small increase of 4.1 percent in holiday sales. Meanwhile, about 43 percent of small business owners say they… Continue Reading Small businesses predict an increase in holiday sales

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Retail pessimism dashed away

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Black Friday and weekend holiday sales were strong throughout the country and Colorado Springs was no exception. Traffic was heavy at the city’s shopping malls, and several stores reported higher sales this year than last. Independent shops also saw a surge of activity. Retailers cited several factors they believe created improvements. A strengthening economy, earlier… Continue Reading Retail pessimism dashed away

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After a ho-hum 2009 and a disastrous 2008, holiday retail sales are expected to increase 2.3 percent this year to $447.1 billion, the National Retail Federation reports. While that growth remains slightly lower than the 10-year average holiday sales increase of 2.5 percent, it would be a marked improvement from both last year’s 0.4 percent… Continue Reading Holiday sales forecast looks bright for retailers

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