"When Downtown Los Angeles scored a Ralphs (KR) grocery store, it was big news. And, according to a story in Sunday's Los Angeles Times, other big retailers are preparing to follow Ralphs now that the dust from the economic downturn has apparently settled. The Times' Roger Vincent reports that Sprouts Farmers Market, the Fresh & Easy grocery store, Walgreens (WAG), and CVS (CVS) all have eyes on Downtown Los Angeles. Clothing retailers Urban Outfitters (URBN) and H&M (HMRZF.PK) are scouting the area as well."
This trend, says Pendola, "bodes well for both established and emerging city centers across America."
Thanks to Rocco Pendola