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Back to school spending is expected to reach $55.12 billion, making it the second biggest consumer spending event for retailers behind the winter holidays. Spending is expected to increase slightly from 2009 and 2008 levels, according to the National Retail Federation. But the economy still will play a role – more parents will buy more… Continue Reading Back to school spending to reach $55 billion

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Retail sales drop 0.5 percent in June

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Retail sales fell in June for the second straight month, more evidence that the U.S. economic recovery will slow in the second half of the year. Spending on retail goods dropped 0.5 percent in June, the Commerce Department reported Wednesday. That followed a 1.1 percent fall in May. Excluding autos, spending was down 0.1 percent… Continue Reading Retail sales drop 0.5 percent in June

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A national spice company with three stores in the Denver area is leasing two spaces in Colorado Springs. Penzeys Spices is leasing space at 2010 Southgate Road and remodeling it at a cost of $75,0000./ he company is also planning a remodel at 7431 N. Academy Blvd., in the Falcon Landing retail development. Penzeys has… Continue Reading Penzeys starting two Colorado Springs locations

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Stock futures are falling after an unexpected drop in retail sales again calls into question the pace of a domestic economic recovery. The Commerce Department says retail sales fell 1.2 percent in May. Economists had forecast sales would rise 0.4 percent last month. The disappointing report Friday comes after stocks surged a day earlier on… Continue Reading Stock futures fall after weak retail sales report

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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 Even in recovery, older shopping centers face tough times

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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 Consumer spending rises for 7th straight month

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The owner of a prime piece of retail space at the corner of Tejon Street and Platte Avenue is planning to split the 6,400-square-foot bi-level space into two units in hopes of drawing from a larger pool of potential tenants. Julie Phillips at Fountain Colony Co., the leasing agent for Acacia LLC, said the site… Continue Reading Building owner will split former ListenUp space into two units

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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 Micro brew taking shape on the city’s north side

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Necktie sales plummet

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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 Necktie sales plummet

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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 A small shopping-window of opportunity at Lillians

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