Many of the people I know love the
official 99 Cent Only stores with its clean stores decorated in purple and green. Everything is really 99 cents. I often hear people in the stores ask incredulously: "How much is this?" And then someone laughs and sez: "99 cents!"
It looks like there are no 99 Cent Only stores in a wide swath of South Los Angeles. There are a few on the outskirts - Pico Union, Ladera Heights, Huntington Park.
But it appears the only one inside Interstate 10, 110, 405 and 105 is the one in Inglewood.
For some reason this is the rule instead of the exception for a lot of national chains.
Why isn't there more commercial investment? What numbers are executives looking for when opening a new restaurant or retail outlet? Do we have the right mix of homeownership, media income, population, competition?
Which city has one of the Top 5 performing Chili’s in the country? That’s right - Carson, Ca.
Which neighborhood sells more shoes than any other Macy’s in California? That’s right - the one in the Baldwin Hills-Crenshaw Plaza in Leimert Park.
What is worth more - Magic Johnson’s 12.5 percent share in the Los Angeles Lakes or the pioneering Starbcuk’s he opened in urban areas across the country? The Lakers ownerships was worth about $30 million and his 50 percent ownership in 100 Starbucks in underserved neighborhoods in places like L.A., Atlanta, Detroit and D.C. was sold for about $75 million.
Why aren't there more examples like this?
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