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    How Colorado Retailers and Restaurants Can Work Smarter in a Tough Market

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    By on Workforce & Economy

    Let’s be honest: The past few years have been a gut punch for Colorado’s retail and hospitality businesses. Labor costs are up 50% since 2021. Rent is creeping higher. Food, utilities and insurance are all taking bigger bites out of already thin margins. If you’ve been feeling like you’re running faster just to stay in the same place, you aren’t imagining it.

    But people are still going out. They’re still shopping. They still want great experiences. They’re just pickier about where they spend their money. That’s good news for operators who are willing to evolve.

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