December 13, 2008

Musical Chairs at the Mall

One store out, one store in. Forever 21 Inc. and Kohl's Corp. won a joint bid to move into 46 soon-to-be-empty Mervyns stores (out of a total of 149). Mervyns filed for Chapter 11 bankruptcy (Reorganization) protection in July and subsequently decided to liquidate. As Lakewood already has a Kohl's near Carson and Paramount the Lakewood Center Mall Mervyns and the Los Cerritos Center Mervyns will become Forever 21 stores. Forever 21 is a store primarily for women under 25. Perfect as they are 80% of Mall shoppers. I guess we are leaving it up to teen women to pull us out of the retail slump!

Lakewood Accountability Action Group™ LAAG | | Lakewood, CA
A California Non Profit Association | Demanding action and accountability from local government™

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