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April 08, 2004

Inglewood Kicks Wal-Mart to the Curb

But retail analysts don't think this is the end.

"It's good for Wal-Mart to get into California but it's not as if Wal-Mart's future depended on this vote," said Yannas. "At the same time, what the Inglewood decision could have some effect on is Wal-Mart's attempts to get closer to metropolitan cities, especially if we see other cities around the country putting up similar opposition to having Wal-Mart in their neighborhood."

So here's where this thing can go. Wal-Mart can go back to the Inglewood City Council (ballsy move, that) and make a big deal public concession to the environmental and other regulations. Or Inglewood could stick it to Wal-Mart by inviting Costco to open a store on the same spot.

It really depends on what Kenneth Ulmer says. Now here's an interesting story. It was my understanding that Ulmer was in favor of the project. But this story contradicts that, which leaves me with an odd feeling considering I've been told that Ulmer owns the property. Perhaps the city of Inglewood is involved in the purchase of land to be occupied by Wal-Mart, or he had a lease in mind. But if he suddenly changed his mind, then the matter was doomed. Perhaps he's figuring out a way to get more money. This leaves me with a strange feeling...

There's much more here than meets the eye.

Posted by mbowen at April 8, 2004 12:47 PM

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Posted by: Xrlq at April 8, 2004 06:05 PM