It may be extreme makeover time for many of the region’s long-established retail centers. Older strip and larger malls that fall into disrepair are struggling to compete against the sparkling new centers that popped up in growing parts of town before the recession. In a report on first-quarter activity in the retail sector, Sierra Commercial [...]
Continue reading …Retail sales rose in April for the seventh straight month, offering hope that consumer spending will keep supporting the economy in the months ahead. The Commerce Department said Friday that retail sales rose 0.4 percent last month, better than the 0.2 percent increase economists had expected. The gain was less than the the 2.1 percent [...]
Continue reading …Colorado Springs’ north side residents are getting a new micro brewery restaurant, and a small group of former Air Force Academy cadets is bringing it to them. Colorado Mountain Brewery, a 6,500 square foot micro brewery and restaurant is scheduled to open near Interstate 25 and Interquest Parkway by the end of June. Scott Koons, [...]
Continue reading …As the unemployment rate increased last year, retail analysts predicted that more men would buy new neckties to dress up their old suits. But the opposite happened, according to marketing research firm NPD. Suit sales in the U.S. rebounded to end 2009 virtually unchanged from a year earlier, an improvement after years of decline. The [...]
Continue reading …Here’s a unique retail situation. Kelli Holt, a former retail store manager turned insurance agent, will lease a 1,480-foot space in the Falcon Landing Shopping Center near Academy Boulevard and Woodmen Road. She’ll make her monthly lease payment — just like most other retailers — but her store will only be open for four days [...]
Continue reading …Local players expect more of the same for Colorado Springs retailers in 2010. During 2009, retailers locally and nationally cut inventories, hinged their year on the all-important holiday season and took advantage of better leasing terms to either move to more desirable spaces or expand their operations as means to reposition themselves for an imminent [...]
Continue reading …The independent owner of a successful string of Phoenix area restaurants has decided to expand to Colorado Springs. Miguel Quintero opened his first Big Burrito restaurant in the Phoenix area during 1999. He expanded the operation to two locations in 2003 and in the years since has opened five more Big Burritos, four in Phoenix [...]
Continue reading …Macy’s has announced it is closing five of its stores as part of an ongoing process to prune underperforming stores while also opening new locations in promising markets. The company, which operates 809 Macy’s and 40 Bloomingdales stores nationwide, will close Macy’s locations in Boise, Idaho; Waterford Mich.; St. Ann, Mo.; Missoula, Mont. and Burlington, [...]
Continue reading …As we entered 2009, retailers had cause for worry. In the midst of the worst recession in decades, skyrocketing unemployment and a tight credit market forced consumers into save mode. Massive store closings hit the news in force and Colorado Springs was no exception as major anchor Macy’s shuttered its 105-employee outlet at The Citadel [...]
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