A Pivotal Moment In The Retail Scene

by MR Magazine Staff

Downtown Los Angeles residents and workers should expect a great deal of flux in the local retail scene. Some stores will succeed and others will fail, which is the normal ebb and flow of business. Yet we could see even more frequent changes than most retail zones might expect. Unusual market forces are at work. An argument could be made that the Downtown shopping scene is ready to explode. Consider: In recent years prominent national retailers such as Urban Outfitters, H&M and Zara have opened stores here. More price-conscious outlets such as Ross Dress for Less and Burlington have also arrived (the latter is currently expanding its space). Given that chains tend to follow each other, and given that more than a million square feet of retail space is either under construction or in the planning pipeline, one could justifiably predict that the area shopping options will soon expand significantly. Read more at LA Downtown News.