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BUSINESS
December 4, 2009 | By Andrea Chang
In an unexpected step backward, the nation's leading retailers suffered a sales slump in November -- a poor start to the holiday season and an ominous sign for the fragile economic recovery. After two months of positive sales reports that spurred hopes that an industry turnaround was at hand, major chain stores posted a 0.3% decline from a year earlier, the International Council of Shopping Centers said Thursday. Department store giant Macy's Inc., teen retailer Abercrombie & Fitch Co. and luxury seller Saks Inc. all reported declines.
ARTICLES BY DATE
CALIFORNIA | LOCAL
August 14, 2013 | By Jessica Garrison
The Los Angeles City Council voted Wednesday to create an "urban village" of shops, town homes and a park and gardens to replace Jordan Downs, the notorious Watts housing project. The unanimous vote gave final approval to a series of land use and planning laws years in the making. The move clears the way for an up to $1-billion transformation of one of the city's most poverty-stricken and violent areas. The idea is to turn the often-dangerous housing development of 700 derelict units into a mixed-income community of up to 1,800 stylish new apartments, along with chain stores and new streetscapes - all designed to attract higher-income people to move into the area and live alongside some of the city's poorest.
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BUSINESS
November 3, 2004 | From Reuters
Sales at U.S. chain stores stayed subdued in the last week of October, getting the fourth quarter off to a sluggish start, a report said. Sales at major retailers rose 3.2% on a year-over-year basis for the week ended Saturday, up slightly from the preceding week's 3.1% pace, said Redbook Research, an independent company. Sales in October were down 0.6% compared with September.
CALIFORNIA | LOCAL
July 30, 2013 | By Matt Stevens
After years of debate and discussion, the Malibu Planning Commission recommended the City Council oppose a law that would make it more difficult for additional chain stores to open in the city's central district. In a 4-1 vote late Monday night, the commission said certain parts of the proposed ordinance required more study. The decision surprised some attendees who assumed the proposal would sail through the commission only to be bitterly debated in front of the City Council.   City staff had recommended the so-called “formula retail ordinance,” saying in a report that about 25% of the stores in Malibu's civic center are chains, and that number was expected to grow.
CALIFORNIA | LOCAL
July 13, 2012 | By Kate Linthicum, Los Angeles Times
A key Los Angeles panel voted Thursday to oppose a plan to ban large chain stores in Chinatown, despite pressure from labor-allied groups who are fighting Wal-Mart's effort to expand in the area. On a 5-2 vote, the Los Angeles City Planning Commission adopted a recommendation against the ban written by officials in the city's Planning Department. Planners determined that a ban would not conform to city policies and could hurt the neighborhood's economy. They also said a ban was not needed because there has not been a proliferation of new chain stores in the area.
BUSINESS
April 6, 2012 | By Shan Li, Los Angeles Times
Shoppers hit the malls in March and provided a boost for the nation's retailers, a sign of a recovering consumer economy and job market — despite the pinch of rising gasoline prices. Major chain stores posted a healthy 4.3% sales increase in March compared with the same month a year earlier, beating analysts' expectations of a more modest 3.5% rise, according to Thomson Reuters' tally of 20 retailers. "We are seeing more consistent performance of U.S. jobs and more stabilization of wages," said Laura Gurski, global head of the retail practice at consulting firm A.T. Kearney.
BUSINESS
August 7, 2002 | Reuters
Sales at U.S. chain stores slipped 0.4% in the four weeks ended Saturday compared with the same period in the previous month, Instinet Research said. A separate measure by Bank of Tokyo-Mitsubishi and UBS Warburg showed a 0.1% rise for the week ended Saturday after a 0.4% decline the preceding week.
BUSINESS
April 7, 2004 | From Reuters
Sales at U.S. chain stores rebounded from the previous week, but business remained soft because of cool weather and high gasoline prices, a report said. Sales rose 0.3% last week contrasted with a 1.9% fall in the previous week, the International Council of Shopping Centers and Wall Street investment firm UBS Securities said in a joint report. Sales last week increased 7.5% compared with the same week a year ago.
NEWS
February 2, 1989 | From Times staff and wire service reports
The nation's big chain stores ended the 1988 fiscal year on a healthy note, led by robust demand for women's clothing in January. On average, U.S. retailers' comparable store sales grew about 6% to 8% in January, or about 2% to 4% after inflation, retailing analysts said today. The rise should help retailers post strong results in the fourth quarter, which ended Jan. 28.
BUSINESS
December 22, 2004 | From Reuters
U.S. chain store sales fell in the first three weeks of December compared with a month earlier as online shopping and gift cards continue to cut into sales figures, a report said. Sales in December to-date were down 0.7% from November. Sales rose 2.1% on a year-over-year basis for the week ended Dec. 18, said Redbook Research, an independent company. "Some sources said markdowns had become pervasive and were affecting margins.
BUSINESS
January 3, 2013 | By Shan Li
Wary holiday shoppers forced retailers to heavily discount items during December, ultimately handing merchants decent sales but raising worries about consumer spending in the new year. Major chain stores posted a 4.5% sales increase in December compared with the same month a year earlier, beating analysts' expectations of a 3.3% rise. according to Thomson Reuters ' tally of 17 retailers. But analysts said many retailers sacrificed profit by aggressively marking down merchandise to lure people into stores.
CALIFORNIA | LOCAL
August 22, 2012 | By Catherine Saillant, Los Angeles Times
Alarmed by plans for aWal-Martgrocery store in Chinatown, a city planning committee Tuesday approved a temporary ban on large retail chain stores setting up shop in the downtown district. In a 2-1 vote, members of the Los Angeles Planning and Land Use Management panel found that if the city doesn't act, an infusion of big-box stores could endanger the unique cultural character of Chinatown. The viability of the historic neighborhood is at risk, said committee Chairman Ed Reyes. Reyes and fellow committee member Jose Huizar instructed the city's Planning Department to prepare an ordinance that would temporarily ban chain stores larger than 20,000 square feet from gaining permits.
OPINION
August 18, 2012
Re "Don't single out Wal-Mart," Editorial, Aug. 14 The real issue behind the debate on the proposed Wal-Mart construction is not "organized labor's antipathy toward the giant retailer. " The root of the issue is what Wal-Mart represents: homogenization of culture. The uniqueness of Chinatown is something that I enjoy. Even in these economic times, opportunities and jobs should come second to preserving and celebrating our diverse history as Americans. Tristan Navarro Whittier I came to Los Angeles from another city where Wal-Mart established a grocery in the local Chinatown.
CALIFORNIA | LOCAL
August 14, 2012 | By Catherine Saillant, Los Angeles Times
Retail giant Wal-Mart's plan to bring a grocery store to Chinatown got another testy airing Tuesday as speakers on both sides of the issue squared off in a crowded hearing room at Los Angeles City Hall. Community activists, some wearing red T-shirts, urged the City Council's Planning and Land Use Committee to move forward with a one-year ban on large national chain stores in the historic district. The halt would give the Chinatown community and city leaders time to consider making the ban permanent, speakers told committee members.
OPINION
August 12, 2012
On Tuesday, a committee of the Los Angeles City Council will consider a proposal by Councilman Ed Reyes that would place a hold on new chain-store development in Chinatown, a move that specifically would halt the planned construction of aWal-Mart grocery store in the neighborhood. There is substantial neighborhood opposition toWal-Mart, and Reyes' motion is an understandable response. Nevertheless, the council should reject it and allow the project to go forward. That's not becauseWal-Martwould be such a blessing, or because Chinatown so desperately needs this store.
BUSINESS
August 3, 2012 | By Shan Li, Los Angeles Times
Shoppers temporarily put aside their worries about the economy and hit the malls in July, handing retailers a healthy start to their crucialback-to-schoolseason. With many schools in Los Angeles and Orange counties starting in just a few weeks, stores are already stocking shelves with binders, shoes and trendy clothes geared for kids heading back to the classroom. Retail analysts are cautiously optimistic that parents will shell out a bit more for Junior this year. Major chain stores posted a robust 4.3% sales increase in July compared with the same month a year earlier, well above analysts' expectations of a 1.5% rise, according to Thomson Reuters' survey of 19 retailers.
BUSINESS
July 30, 1985 | HEIDI EVANS, Times Staff Writer
CompuSave Corp., the Irvine-based company that markets electronic discount-shopping terminals, has reached definitive agreements to sell 131 of its machines to four supermarket chains, including Safeway Stores Inc. of Oakland. The four contracts initially are worth almost $1 million and boost total sales for the 2-year-old company to 400 units, a 48% increase.
CALIFORNIA | LOCAL
July 13, 2012 | By Kate Linthicum, Los Angeles Times
A key Los Angeles panel voted Thursday to oppose a plan to ban large chain stores in Chinatown, despite pressure from labor-allied groups who are fighting Wal-Mart's effort to expand in the area. On a 5-2 vote, the Los Angeles City Planning Commission adopted a recommendation against the ban written by officials in the city's Planning Department. Planners determined that a ban would not conform to city policies and could hurt the neighborhood's economy. They also said a ban was not needed because there has not been a proliferation of new chain stores in the area.
BUSINESS
July 5, 2012 | By Shan Li
Consumers worried about the economy appeared more cautious about buying in June, prompting concerns about a possible slowdown in spending just ahead of the back-to-school shopping season. Major chain stores posted a weak 0.1% sales increase in June compared with the same month a year earlier, below analysts' expectations of a 0.5% rise, according to Thomson Reuters ' tally of 20 retailers. "Volatility is the word that best describes the June performance," said Michael Niemira, chief economist for the International Council of Shopping Centers.
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