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CALIFORNIA | LOCAL
September 10, 2004 | Seema Mehta, Times Staff Writer
Wal-Mart's success in winning approval for its first Los Angeles County Supercenter in Rosemead points to a tried-and-true strategy by the retail giant to make small, struggling communities the beachheads of its expansion efforts. Wal-Mart wants to eventually build 40 Supercenters throughout the state, but so far, all the planned Supercenters have been in outlying areas where jobs are few and shopping options are limited.
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CALIFORNIA | LOCAL
August 19, 2004 | From Times Staff Reports
The City Council gave final approval to a law that was expected to make it harder for retailing giants like Wal-Mart to erect superstores in the city. It requires the companies to study whether the surrounding areas would be harmed by the addition of the mammoth centers.
BUSINESS
March 29, 2004 | Leslie Earnest, Times Staff Writer
Struggling with weak sales last December, 99 Cents Only Stores offered an explanation: no eggs or butter. The retailer had to temporarily stop carrying the two staples when wholesale prices jumped. Tagging either at more than a penny less than a buck was out of the question. The company hasn't done that with any item since 1982, "when we opened our first store," said President Eric Schiffer.
BUSINESS
February 27, 2004 | From Bloomberg News
J.C. Penney Co., the second-largest U.S. department store, reported a fiscal fourth-quarter loss Thursday after writing down the value of its Eckerd drugstore chain, and rival Kohl's Corp. said profit fell 12% for a third straight quarterly drop after the retailer had to increase discounts to clear out leftover merchandise. Specialty retailers Limited Brands Inc. and Liz Claiborne Inc., which is also a major supplier, said quarterly profit rose as recent acquisitions boosted sales.
CALIFORNIA | LOCAL
February 19, 2004 | Dave McKibben, Times Staff Writer
In its strongest language yet, the Defense Department reiterated that it had no plans to reopen the commissary at the closed El Toro Marine base. But three members of Orange County's congressional delegation say they won't give up their protracted battle to reopen the facility, which offered food and other merchandise at discounted prices to active and retired military personnel. In a Jan. 22 letter, Deputy Undersecretary John M.
BUSINESS
February 2, 2004 | Michael Hiltzik
If Wal-Mart Stores Inc. is famous for anything, it's the ruthless way it wrings the last few pennies of cost from every transaction. So last week, when the Los Angeles County Economic Development Corp. released a study finding that the expansion of Wal-Mart's grocery business into Southern California would be, on balance, a great thing, my first reaction was that the company had purchased the LAEDC's reputation cheaply for the $65,000 it paid for the study.
BUSINESS
December 16, 2003 | Leslie Earnest, Times Staff Writer
Kohl's Inc. was awash in self-confidence when it made its splashy California debut, opening 28 stores in one day. In retail, President Kevin Mansell said at the time, the action was in the middle market, and Kohl's was going after it "with a vengeance." Nine months later, department stores that focus on bargain-hungry middle-income families are stuck in a vise. Competition has intensified on every level, especially in California, the most competitive retail marketplace in the nation.
CALIFORNIA | LOCAL
October 15, 2003 | From Times Wire Reports
The politics of commercial development are heating up in Cotati as residents prepare to vote on a ballot measure that would allow construction of large retail buildings. On Nov. 4, Cotati voters will decide whether to approve an initiative that would exempt a 52-acre lot from a 1997 ban on large commercial structures.
BUSINESS
September 21, 2003 | Elizabeth Douglass, Times Staff Writer
Tom Runyans pays $45 a year to shop at Costco Wholesale Co., but not for the super-sized tubs of salsa. "The reason I come to Costco -- and the reason I signed up to be a member -- is for the cheap gas," Runyans said on a recent weeknight, filling his Nissan Sentra at the Alhambra store. By paying $1.98 a gallon for regular, Runyans forked over 7 cents a gallon less than the motorists tanking up at a nearby Chevron station.
BUSINESS
September 5, 2003 | Jeff Leeds, Times Staff Writer
Universal Music Group's top distribution executive, Jim Urie, began sketching out his plan to slash CD prices on the back of a Denny's restaurant place mat as he returned from a Palm Springs vacation last Thanksgiving. But the script for Universal -- whose decision to cut prices touched off tremors throughout the music industry this week -- may have been written well before then. Indeed, pressure has been building for industrywide price reductions since big-box retailers such as Best Buy Co.
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