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."
Thanks to Rocco Pendola
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