February 19, 2009 |
Shopping centers got a little boost last week as seasonally warm weather, Valentine's Day and hearty discounts lured U.S. consumers out of their homes and into malls. Chain store sales rose 0.9% for the week ended Saturday compared with the previous week, a report Wednesday from the International Council of Shopping Centers Inc. and Goldman Sachs said. On a year-over-year basis, however, sales declined 0.9%.
February 6, 2009 |
The post-holiday blues hit the nation's shopping centers last month, as hefty discounts couldn't persuade enough consumers to come out of spending hibernation. Retail sales at major chain stores in January fell 1.8% over the same period last year, with several apparel companies reporting declines of 20% or more, according to data compiled by Thomson Reuters and released Thursday. Excluding discount giant Wal-Mart Stores Inc., which reported a healthy 2.1% increase, total retail sales fell 5.7%.
June 6, 2008 |
Shoppers, some armed with tax rebate checks, spent more than forecast at discount and wholesale stores in May and boosted U.S. retail sales. Analysts had anticipated a slow month as people grappled with the housing slump, stringent credit and skyrocketing gasoline prices. Even as checks from the federal economic stimulus package began arriving, many Americans funneled the money into savings or paid bills, and those who ventured into stores exercised caution, experts said Thursday.
September 22, 2007
Ah, Starbucks! The neighborhood is looking up! Oh, Starbucks. There goes the neighborhood. It's the end for East L.A., which will now look just like everywhere else. It's the beginning for East L.A., which will finally look like everywhere else: coffee-swilling soccer moms, students tapping on laptops, pinstriped neo-yuppies ordering soy lattes with shots of something or other. Anywhere USA.
CALIFORNIA | LOCAL
July 8, 2007 |
In Venice, where development is a dirty word and the eclecticism of Abbot Kinney Boulevard's shops and restaurants is beloved, there is a new scourge. And its name is Pinkberry. It's not that the newly arrived outpost of the wildly popular frozen dessert hasn't generated a flock of beach-side patrons. It has. But it has also drawn the ire of a group of local citizens fervently opposed to any chain store setting up shop on Abbot Kinney Boulevard.
March 18, 2007 |
TECHNICALLY Little Tokyo is downtown, but as Westsiders, Japanese toy collectors and adventure eaters all know, the strip of Sawtelle Boulevard between Olympic and Pico boulevards may as well inherit the name. It's hidden among a tricky-to-navigate swirl of highways, but once you're there it's a one-stop shop for the Japanese imports that are increasingly woven into the fabric of daily L.A.
December 8, 2006 |
One of Los Angeles' best-known fashion designers announced Thursday that it was teaming with a French retail giant to produce women's apparel for its European stores. Vernon-based BCBG Max Azria Group Inc. is partnering with Carrefour, the world's second-largest retailer behind Wal-Mart Stores Inc., in a deal estimated to be worth over $1 billion in sales to BCBG over the next 4 1/2 years.
June 2, 2006 |
High gasoline prices didn't stall shoppers in May as retail sales rose a better-than-expected 4.1% from a year earlier, an industry survey showed Thursday. Retailers such as Guess Inc., Gymboree Corp., J.C. Penney Co., American Eagle Outfitters Inc. and Ann Taylor Stores Corp. reported sales gains of more than 10%. But Wal-Mart Stores Inc., the world's largest retailer, advanced just 2.3%.
CALIFORNIA | LOCAL
May 15, 2006 |
It's perfumed by citrus blossoms at the moment, but there's a real stink brewing in the bucolic town of Ojai. Citizens who guard the city's rustic sophistication with pride are steamed at a local businessman who intends to open a sandwich shop downtown. His sin? Jersey Mike's Subs is a national chain with more than 300 outlets. In a town filled with organic farmers, artists and environmentalists, chain stores are about as welcome as a tract of McMansions.