Food retailer Ralphs opens a supermarket in downtown Los Angeles today (20 July), the result of a public-private partnership between property developer CIM Group, the City of Los Angeles and the retailer.
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Designed as a “one-stop shopping experience”, Ralphs said the 50,000sq ft store outlet is “an important milestone in the revitalisation of downtown Los Angeles, which has been without a full-service supermarket for more than 50 years”.
The opening also marks a return for the retailer to the downtown area. Ralphs, owned by US retail giant Kroger Co., was founded in 1873 with a single store in downtown LA, very near the new store, but its store in the area closed in 1950.
“Ralphs is pleased to be the first full-service supermarket to serve the residents of downtown Los Angeles and we are proud to be a part of the ongoing redevelopment of downtown Los Angeles,” said Dave Hirz, president of Ralphs Supermarkets. “We hope the opening of our new downtown supermarket will provide an impetus for further residential and business development in the area.”
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By GlobalData
