City Council approved a new store in Hollywood (some locals say there's not enough parking planned), and the retailer is also looking to add stores in Westwood Village and at a proposed Casden project on Pico and Sepulveda (though Curbed LA reports that that's a ways off). All this activity is a little surprising given that earlier this year the retailer said it was putting the brakes on expansion (May same-store sales grew a tepid 1.3 percent). From the WSJ:
The discount-store chain on Thursday said it will open fewer than 10 new stores in 2010, down from about 60 last year and an average of a 100 a year for the past several years. It has struggled in the last two years as consumers shied away from buying all but necessities.



Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.