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 growth of [...] [...]
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 David Williams [...] [...]
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 90 [...] [...]
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 percent [...] [...]
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 are still [...] [...]
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 [...] [...]
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 a [...] [...]
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 of [...] [...]
The front lines of the retail holiday price war have moved beyond toys and books into the DVD market.
The Target Corp. said it will cut prices for 10 highly anticipated DVDs to $10, matching Wal-Mart’s prices.
Wal-Mart, however, countered by cutting two cents off the DVD prices to $9.98.
The DVD price war comes after Target and Wal-Mart cut [...] [...]
Heavy holiday traffic predicted
Regional airport markets, much like real estate markets, are invariably “local.”
Take news about a year-over-year increase in Pikes Peak region passenger boardings at the Colorado Springs Airport, for example. Despite broader downward airline industry trends, local enplanements are on the rise.
Citing September’s 2.3 percent increase in Colorado Springs-based passenger boardings — the [...] [...]
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