January 3, 2013 |
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 |
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.
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 |
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.
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.
August 3, 2012 |
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.