Quote:
Originally Posted by fridayinla
Ralphs to Open This Week
"We anticipate the needs of our customers may be different," Hirz said, noting that the company expects high traffic but low average sales - meaning fewer families.
When asked about sales volume, Hirz said he expects the store initially to bring in about half as much as the highest performing Ralphs, which generally have revenue of about $1 million a week. That's based on seven years of exhaustively studying the Downtown area, he noted.
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I like that ralph's is going in with eyes wide open. I'd be worried if their marketing ppl & CEO thought the new store would be an overnight goldmine. So if they actually expect the Ralph's to start off modestly, that hopefully will give the store more breathing space til even more potential customers move into the hood.
BTW, I heard an ad on the radio yesterday for the Little Tokyo lofts, which is the first time any of the condo projs already opened in the hood has been that aggressive in promoting their units. That bldg, btw, started selling over a yr & a half ago, so at least some of the new housing isn't moving as fast as in the past.
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