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Consumers to spend more this Valentine’s Day

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Consumers this year are set to spoil their friends, family and loved ones on Valentine’s Day – and price is not a concern. According to the national Retail Federation, the average person plans to spend 8.5 percent more this year on chocolates, teddy bears and flowers. The survey shows that the average person will spend… Continue Reading Consumers to spend more this Valentine’s Day

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Downtown sandwich shop closes

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A downtown sandwich shop quietly shuttered its doors some time in the last few weeks. OPB&J, known for organic peanut butter and jelly sandwiches, gourmet grilled cheese sandwiches and soups opened in the summer of 2010. The lunch spot was closed by the afternoon of Jan. 12 with white butcher paper covering the windows and… Continue Reading Downtown sandwich shop closes

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NRF holding video contest for retailers

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If you’re a retailer, and you’ve got news about how your business helps shoppers, job seekers or the community at large, the National Retail Federation wants to hear – and see – your story. The organization is holding a video contest that aims to highlight the importance of retail to the U.S. economy and demonstrate… Continue Reading NRF holding video contest for retailers

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Retailers beware shoplifters – and employees

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Thieves disguised as employees steal more from retailers than do thieves disguised as shoppers. Employee theft accounts for 44.1 percent of retail theft in North America, while customer theft — including shoplifting and organized retail crime — is responsible for 43.2 percent. In 2011, employees pilfered about $45.3 billion, the report says. The highest average theft rates… Continue Reading Retailers beware shoplifters – and employees

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Colorado to lose three Sears, K-Mart stores

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Colorado will lose three stores when Sears and Kmart close 120 stores nationwide early next year, and none of them are in Colorado Springs. The Sears is in Longmont and the company plans to close Kmarts in Broomfield and Glenwood Springs. Nationally, Florida will be hit the hardest by the closing of Sears and Kmart… Continue Reading Colorado to lose three Sears, K-Mart stores

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Sears Holdings announced today that it plans to close 100 to 120 Kmart and Sears stores nationally, but it’s unknown whether Colorado Springs locations are on the list. Local store managers did not  return calls for comment. Sears has a store in the Chapel Hills Mall at 1650 Briargate Blvd. and a stand-alone location in… Continue Reading Sears, Kmart to close 120 stores, Springs’ status uncertain

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New auction house, consignment shop open downtown

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Two businesses are opening this month under the Colorado Avenue bridge at 109 S. Sierra Madre St. Mary Beth Cipoletti is opening Auction House 109 in the the former location of  Ross Auction, which moved seven blocks down the street about a year ago. Auction House 109 will also include a high-end consignment shop, called  Little… Continue Reading New auction house, consignment shop open downtown

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Thanks to Wal-Mart and nonprofits, the commercial real estate outlook is a little rosier for 2012. Although office vacancies remained unchanged this year, retail and industrial vacancies dropped some, according to Sierra Commercial Real Estate. Throughout the city, office vacancies are about 17 percent – but that number trends higher in the northern area of… Continue Reading Sierra report: Commercial real estate trending up

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Downtown shop to close

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A downtown shop owner has decided to close her doors once and for all. Jeanne Galvin closed her Mt. Tejon shop downtown in the early spring and reopened in the same location before the start of the summer season as Tillie & Toad. Her clothing and consignment business didn’t catch on the way she wanted.… Continue Reading Downtown shop to close

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Retail pessimism dashed away

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Black Friday and weekend holiday sales were strong throughout the country and Colorado Springs was no exception. Traffic was heavy at the city’s shopping malls, and several stores reported higher sales this year than last. Independent shops also saw a surge of activity. Retailers cited several factors they believe created improvements. A strengthening economy, earlier… Continue Reading Retail pessimism dashed away

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