Furniture retailers Eric and Ann Fetsch will close their Drexel Heritage Home Furnishings and Interior Design business near Interstate 25 and Woodmen Road later this summer. Downtown audio visual retailer ListenUp has purchased the 12,000-square-foot Drexel Heritage retail showroom at 888 E. Woodmen Road and will move its retail operation there. “We’re in the process [...]
Continue reading …NEW YORK (AP) – After yet another weak month, retailers are preparing to fight for their share of crucial back-to-school shopping. But they may have to keep discounting to keep consumers coming in, given escalating job uncertainty. Particularly worrisome in Thursday’s same-store sales reports: Mall-based teen stalwarts like Abercrombie & Fitch were among those hit [...]
Continue reading …Talbots Inc., which paid $517 million for the J. Jill chain of apparel stores during 2006, has agreed to sell the chain for $75 million to Jill Acquisition LLC, an affiliate of Golden Gate Capital, a San Francisco-based private investment group. The new owners purchased 204 of the 279 locations and agreed to retain J. [...]
Continue reading …Michael Velez had been a downtown retailer for 20 years, but last month he relocated Velez Gallery to Old Colorado City. The move was necessitated by what he believes is a changing retail environment in the downtown area. “I think downtown is a great place for night life, but people aren’t looking for window shopping,” [...]
Continue reading …Stacy Thomson, a veteran retail store employee, has taken the ownership plunge and opened a store in Old Colorado City. Thomson, along with her husband, Vern, opened Recess, a children’s consignment boutique at 1721 W. Colorado Ave. on May 26. The pair plan a grand opening June 13, when they’ll offer food, music and a [...]
Continue reading …NEW YORK (AP) – Although consumer confidence may be increasing, it’s not showing up at the cash register yet. Many retailers are posting disappointing May sales, and food and necessities remained high on shoppers’ lists. According to a Goldman Sachs/ICSC tally, overall same-store sales fell 4.6 percent, worse than the 3 percent drop predicted. The lower-than-expected [...]
Continue reading …Rebecca Taraborelli, her husband, Matt Taraborelli, and brother, Gregory Harris, will open Rasta Pasta, a full-service casual restaurant, at the corner of Boulder and Tejon streets this fall. The owners purchased a one-time license for the brand, signage, menu and recipes from Rasta Pasta founder Scott Lias, who owns the only other Rasta Pasta locations [...]
Continue reading …WASHINGTON (AP) – Retail sales fell for a second straight month in April, a disappointing performance that raised doubts about whether consumers were regaining their desire to shop. A rebound in consumer demand is a necessary ingredient for ending the recession. The Commerce Department said Wednesday that retail sales fell 0.4 percent last month. Many [...]
Continue reading …Denver-based bath and skincare retailer Melt Brands LLC has opened a retail store inside The Citadel mall. Melt Bath and Skincare occupies 900 square feet near the mall’s food court and represents the ninth store in an expanding retail skincare company. Melt Bath and Skincare was founded during 2001 by Steve McNally, Thomas Smith and [...]
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