Amid all the grim retail news of recent months, there was an upbeat story in yesterday’s Press-Telegram of Long Beach, Calif. At the grand opening of an area Costco, more than 1,000 shoppers entered the new store within the first 10 minutes.
And they were there to buy. Reporter Pamela Hale-Burns wrote that these shoppers cleared the shelves of about 60 plasma televisions in the first hour. Some of these TVs carried price tags of $599 with a $100-off coupon.
In addition to the new Costco store at the Lakewood Center Mall, fashion retailer Forever 21 is relocating to an 80,000-square-foot spot in the mall next month, and Nordstrom will open one of its Rack stores there in the fall of next year.
Given the severe economic downturn, these bit of news are significant and should give at least a little hope to the retailing industry in general. It’s a good retail day when new stores open and shoppers shop — and buy.