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Chain Retailers Should Benefit From Urban Rebirth

Posted by: Tim Halbur
Thanks to: Rocco Pendola
29 March 2011 - 11:00am

Rocco Pendola says chain stores are starting to adapt and move into downtown Los Angeles, following the population boom and setting a precedent for chain retail in downtowns across the U.S.

Pendola writes:

"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."

Full Story: Chain Retailers Should Benefit From Urban Rebirth
Source: Seeking Alpha, March 28, 2011
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If hundreds of people in your community raised reasonable concerns about a planning program you developed, how would you respond? Perhaps you might call a community meeting, or ask community elected officials to reach out to community leaders.
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