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Retailers hopeful despite tight spending forecast

As retailers enter the final stretch of the holiday shopping season, they’re hoping shoppers will open wide their pocketbooks, despite lackluster spending predictions. Overall holiday sales are expected to increase, though shopper sentiment is still on a downward trend. Consumer confidence fell in December to a five-month low, according to a Dec. 21 report from Reuters/University… Continue Reading Retailers hopeful despite tight spending forecast

While consumers spent the holiday weekend – and some of their work hours Monday – ordering packages via the Internet, the United States Postal Service is gearing up to deliver a record amount of purchases. Cyber Monday is the first workday following the Thanksgiving holiday and traditionally is the biggest online spending day of the… Continue Reading USPS expects to deliver 365 million packages during holidays

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NRF revises forecast for merrier holiday sales

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Looks like the holiday will be even jollier than first thought – at least for the nation’s retailers. The National Retail Federation has revised its holiday forecast upward, expecting holiday sales to rise to 3.8 percent this year. The overall forecast is a record $469.1 billion in sales. NRF’s initial forecast called for anticipated sales… Continue Reading NRF revises forecast for merrier holiday sales

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The Downtown Partnership and the Colorado Springs Police Department are teaming up to make downtown more inviting during the holiday season. Patrol officers will walk the streets four days a week and groups of volunteers called ambassadors will be on hand to answer shoppers’ questions about parking, gift buying and restaurants. Officers Barry Rizk and… Continue Reading Police and ‘ambassadors’ on downtown streets during holidays

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Thanksgiving travel expected to jump 4 percent

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This Thanksgiving, 42.5 million people in the United States are expected to hit the road to visit family and friends — the highest number of holiday travelers since the start of the recession. Travel tracker AAA says that 4 percent more Americans than last year will journey at least 50 miles from home, with about… Continue Reading Thanksgiving travel expected to jump 4 percent

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Retailers wrapped up in holiday hiring

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While local job growth is forecast to be slimmer this holiday season than it was last year, Colorado Springs retailers are still planning to bulk up for the last months of the year. Net job growth in Colorado Springs is expected to reach 3 percent in the fourth quarter of this year, down from 4… Continue Reading Retailers wrapped up in holiday hiring

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Americans boost spending heading into holidays

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Americans spent at a moderate pace last month, giving the economy a boost ahead of the holidays. The Commerce Department reported Thursday that consumers increased their spending 0.4 percent in November. The gain came after shoppers ratcheted up spending by 0.7 percent in October, the most since August 2009. Even with the latest increases, consumers… Continue Reading Americans boost spending heading into holidays

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Seasonal hiring to top 600,000

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This year’s seasonal employment is expected to exceed 600,000 for the first time since 2007, according to outplacement firm Challenger Gray & Christmas. The firm notes that many retailers are increasing holiday hiring. Kohl’s Corp., Macy’s Inc., Toys R Us, Pier 1 Imports Inc., American Eagle Outfitters Inc. and others plan to hire more temporary… Continue Reading Seasonal hiring to top 600,000

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Black Friday, the day after Thanksgiving, earns its moniker for what it typically does for retailer’s ledgers. It’s the date most store owners watch their year’s bottom line turn from red to black. So it only makes sense that a growing number of retailers would ask themselves, why not skip the slow-sales months altogether, open… Continue Reading Retailers increasingly turn to ‘pop up’ holiday stores

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According to estimates, retail and service businesses earn as much as 40 percent of total annual sales during the November-December holiday months, and a successful 2009 holiday shopping season will determine whether many businesses, already struggling through a deep recession, will survive. The last 18 months have been difficult for locally owned small firms because… Continue Reading Eight steps a small business can take to survive the 2009 holiday season

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