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Local retailers anticipate a lukewarm 2010

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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 Local retailers anticipate a lukewarm 2010

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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 Arizona restaurant magnate brings Big Burrito to Colorado Springs

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Macy’s closes five stores

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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 Macy’s closes five stores

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Businesses opened, expanded in difficult 2009

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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… Continue Reading Businesses opened, expanded in difficult 2009

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NEW YORK (AP) – Better holiday sales and rising commodities prices pushed stocks to new 2009 highs. Major indexes edged higher in midday trading today after data showed shoppers spent more freely this holiday season, a good sign that consumers are feeling better about the economy. Figures from MasterCard Advisors’ SpendingPulse, which track all forms… Continue Reading Stocks climb on news of strong holiday retail sales

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Lesh resurrects Gymboree Play and Music

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When Jackie Lesh moved to Colorado Springs two years ago, she was looking for a career that would allow her to spend a lot of time with her family. As a former teacher at a Gymboree Play and Music gym in the Los Angeles area, Lesh considered jumping into the teaching arena again. She enrolled… Continue Reading Lesh resurrects Gymboree Play and Music

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Expanding retailers focusing in on Colorado

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This week, the International Council of Shopping Centers sponsored its annual Denver Retail Runway at the downtown J.W. Marriott hotel. The event is considered “unique,” said ICSC spokesman Jesse Tron. “We do other kinds of ‘alliance’ programs and NexGen programs in other parts of the country, but this is a specific opportunity for brokers, developers… Continue Reading Expanding retailers focusing in on Colorado

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Frugal food lovers looking to recreate the dishes they salivate over at local fine eateries and cooking-show fans looking to test out their favorite chef’s recipes can rejoice — not one, but two culinary spice stores have opened downtown. Extraordinary Ingredients Gourmet Pantry owner Kerri Olivier unlocked her doors at 612 N. Tejon St. on… Continue Reading Downtown hits peak of flavor with two new retailers

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DVDs enter the holiday retail price-cutting war

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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… Continue Reading DVDs enter the holiday retail price-cutting war

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Kim Bayles, owner of Kimball’s Peak Three, will expand the downtown movie theater complex within the next few months. Come January, visitors will find a cozy wine bar to relax in as Bayles vacates his office space in favor of the new amenity. “I have a 1,200 square-foot office on the second floor and I… Continue Reading Kimball’s theater welcoming New Year with wine bar

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