The El Paso County Board of Commissioners voted unanimously today to reject a partnership between the county and developer for the proposed Copper Ridge shopping center. Under the agreement, a portion of sales tax revenue from the shopping center would pay for an extension of Powers Boulevard. The road extension is crucial to plans to [...]
Continue reading …Shoppers braved February’s chill to hand retailers surprisingly strong sales gains, extending the momentum from a strong holiday season and providing evidence of a strengthening economic recovery. Worries are growing, however, that rising gas prices could sap shoppers’ spending in the spring. Among major retailers reporting February results Thursday, Columbus, Ohio-based Limited Brands Inc., J.C. [...]
Continue reading …A tax cut that began last month gave consumers the biggest jump in their incomes in nearly two years. But Americans boosted their spending only slightly, a sign that many people are being cautious with their money even as the economy improves. Consumers increased spending 0.2 percent in January, the smallest gain since June, the [...]
Continue reading …It all sounds so good, so promising, so bright. But there are two big problems with the south Academy Boulevard redevelopment plans that were released last week: They’re unrealistic and misguided. While there’s little argument that the 6-mile retail district along Academy Boulevard between Drennan and Maizeland roads is not what it used to be [...]
Continue reading …Shoppers’ holiday-season splurge was likely a preview of what’s to come in 2011, and economists say it should embolden companies to expand and hire. Americans spent more in the 50 days before Christmas than analysts had expected – the sharpest annual increase since 2006. It’s the surest sign yet they’re becoming less frugal as the [...]
Continue reading …Retail sales rose for a fifth straight month in November, as the biggest jump in department store sales in two years gave the holiday shopping season a strong start. Retail sales increased 0.8 percent last month, the Commerce Department said Tuesday. That came after a 1.7 percent gain in October, which was propelled by a [...]
Continue reading …President Barack Obama’s top economic adviser says targeted tax cuts, more exports and greater spending will help reverse a lack of consumer demand that threatens to constrain the economy “now and for the next several years.” Lawrence Summers, in his swan song speech as head of President Barack Obama’s National Economic Council, said the tax [...]
Continue reading …Generous discounts lured American to stores for holiday gifts in November, providing cheer and robust sales gains for retailers. That raises hopes, already buoyed by reports of crowded malls over the crucial Thanksgiving weekend, for a strong holiday shopping season. As retailers report their monthly results Thursday, it showed that many different types of shoppers [...]
Continue reading …Americans’ confidence in the economy rose to a five-month high in November amid more hopeful signs. The report offered some comfort to the nation’s retailers during the holiday shopping season, but shoppers still remain downbeat as they grapple with a high unemployment rate. Moreover, the latest report on housing, released Tuesday, showed that home prices [...]
Continue reading …Holiday shoppers gave retailers a happy start to the traditional start of the holiday shopping season over the weekend, crowding stores and malls more than last year. Add strong spending earlier this month and robust sales online, and retailers head into “Cyber Monday” encouraged. Particularly because many shoppers were buying for themselves, in addition to [...]
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