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NEWS
October 11, 2013 | By Craig Nakano
Forget summer, forget fall. In L.A.'s home furnishings marketplace, the name of the season is change. As consumers fluff homes for the holidays, the rush of new stores and expansions is enough to daunt even the most devoted shopper. A sampling of the comings and goings: Bobby Berk Home: The company that describes itself as “California chic” opened its first store here last week after establishing its brand in New York, Atlanta and Miami. Berk, 31, said his space in the Helms Bakery complex is something of a test site for his just-released line of contemporary sofas, chairs, dressers and tables, all made in downtown L.A. Other names familiar to fans of modern design - Bend, Loll, Fermob - fill out the shop.
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IMAGE
December 26, 2010 | By Emili Vesilind, Special to the Los Angeles Times
It's the day after Christmas, and you're staring down a small mound of gifts you'd never ? not in a million years ? purchase for yourself. How to flip that reindeer sweater into a chic cashmere scarf without getting into a tangle with a salesperson? We asked Trina Gupta, founder of Los Angeles-based personal shopping firm Petite Style Studio, to give us her tips on how to return or exchange unwanted merchandise with little to no fuss. Delay and expect to pay "Time is the biggest factor when returning something," Gupta said, "because the stores want to be able to resell the product, and the longer you wait, the less relevant that product becomes.
WORLD
December 23, 2012 | By Alexandra Zavis, Los Angeles Times
KABUL, Afghanistan -- Firefighters battled through the night to contain a raging fire that swept through a market in the Afghan capital. No injuries were reported, but the blaze destroyed hundreds of stores and millions of dollars worth of merchandise, Afghan police and firefighters said at the scene.  Dealers at the neighboring currency exchange, the city's largest, said they evacuated cash, computer equipment and records from their shops as...
BUSINESS
December 28, 2012 | By Tiffany Hsu
Smoked salmon sold at Wal-Mart's Sam's Club stores nationwide is being recalled in 42 states, including California, and Puerto Rico amid listeria concerns. The fish was produced by a Miami subsidiary of Multiexport Foods Inc. in conjunction with Tampa Bay Fisheries Inc. The companies are pulling the product “with an overabundance of caution,” according to a Wal-Mart statement . The listeria monocytogenes bacteria - which can cause fatal infections in the elderly, the young and those with weak immune systems, and lead to fever, nausea and diarrhea in other victims - was discovered during a standard lab test on a shipment of the salmon that hadn't been distributed to stores, according to Wal-Mart.
BUSINESS
May 20, 2013 | By Stuart Pfeifer, Los Angeles Times
Sometimes smaller is better. That's the philosophy of Big 5 Sporting Goods Corp., which owns 415 sporting-goods stores in 12 states, about half of them in California. The El Segundo company believes that operating a large number of easily accessible, smaller stores is more profitable than offering fewer big ones. The average size of its stores is 11,000 square feet, less than a quarter the size of its big-box competitors. "It allows us to be more convenient in metropolitan markets," said Steven G. Miller, Big 5's chief executive and son of co-founder Robert W. Miller.
BUSINESS
December 6, 2012 | By Shan Li
British supermarket giant Tesco may soon be bidding bon voyage to its American problem child. Five years after the company landed in California and opened 200 stores across the West, Tesco said it is preparing to sell its struggling Fresh & Easy Neighborhood Market chain and retreat from the U.S. market altogether. "It's likely, but not certain, that our presence in America will come to an end," Tesco Chief Executive Philip Clarke during a Wednesday conference call from Los Angeles.
BUSINESS
December 16, 2010 | By Andrea Chang, Los Angeles Times
If you thought crazy store hours were strictly a Black Friday phenomenon, get ready for next week. With little more than a week left before Christmas, retailers are making their final push to entice last-minute shoppers. The last 10 days of the season traditionally bring out huge crowds — retailers see about one-third of their holiday sales during the period — and this year is no exception. Toys R Us announced that it would remain open for 88 hours in a row starting at 6 a.m. Tuesday and continuing until 10 p.m. on Christmas Eve. It's the first time that all Toys R Us stores nationwide will stay open around the clock during the final countdown to Christmas.
BUSINESS
January 28, 2013 | By Tiffany Hsu
Barnes & Noble will shut up to a third of its brick-and-mortar bookstores over the next decade as reading habits change and digital publications evolve, according to a new report. The chain will end up with 450 to 500 stores in 10 years, down from the 689 physical stores it has now, according to Mitchell Klipper, chief executive of Barnes & Noble's retail group. That evens out to about 20 stores shuttered yearly over the period, Klipper said in an interview with the Wall Street Journal.
NEWS
September 24, 1987 | United Press International
The ruling Politburo today approved a measure that would allow the opening of the first semiprivate stores in the Soviet Union in 59 years in order to increase the sales of consumer goods. The 14-man policy-making body ruled that individual small stores, kiosks or stalls can be set up by cooperatives or families, the official Tass press agency said.
BUSINESS
August 8, 2000 | Bloomberg News
IParty Corp., which sells party goods over the Internet, plans to buy 33 retail stores in New England and Florida from Big Party Corp. for an undisclosed price. Big Party, which filed for bankruptcy protection earlier this year, operates 54 U.S. stores and had sales of about $69 million in 1999. New York-based IParty plans to acquire the inventory, fixed assets and leases of Big Party stores in six states. The purchase will give IParty its first "bricks-and-mortar" shops.
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