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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.
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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
April 1, 2014 | By Roger Vincent
Supermarket chain Aldi, which plans to open 650 new stores in the U.S. in the next five years, has acquired a 55-acre site in Moreno Valley where it will build its Southern California regional headquarters. Aldi, which is based in Batavia, Ill., will construct an 850,000-square-foot distribution center east of the 215 Freeway at Redlands Boulevard that is intended to serve about 200 stores in the region, real estate brokerage the Klabin Co. said. The price of the land acquisition from Ridge Property Trust was not disclosed.
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 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
May 6, 2011 | By Andrea Chang, Los Angeles Times
Los Angeles apparel chain Metropark USA Inc. has filed for bankruptcy and is shutting all 69 stores, including 18 in California. Metropark, a specialty retailer that has catered to the 25- to 35-year-old market, is known for offering a shopping experience that was part store, part club. Despite a rapid expansion, the company has struggled to become popular among young adult shoppers and sales fell sharply during the economic downturn. The company filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court for the Southern District of New York.
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.
BUSINESS
June 6, 2007 | From Times Wire Services
True Religion Apparel Inc., which sells jeans for more than $200 a pair, said it ended its review of alternatives and would focus on opening its own stores and expanding its wholesale and licensing business. The Los Angeles-based company, which had retained Goldman Sachs Group Inc. to review "a number of strategic opportunities," said in a statement that it would add six retail stores for a total of 14 in 2007 and would have at least 50 stores by the end of 2009.
BUSINESS
June 30, 2012 | By Jerry Hirsch, Los Angeles Times
Here's a novel idea for an automaker: Open stores in an area where people are not shopping for cars. That's the strategy of Tesla Motors, the builder of high-end electric cars. The Palo Alto automaker opened its 12th North American store and second in Southern California on the Third Street Promenade in Santa Monica on Friday. It's flanked by an Adidas store and Club Monaco, a trendy apparel seller. Parking is a block away in a public garage. Think Apple rather than Chevrolet.
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