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Target to open in downtown Los Angeles
New York City -- Target Corp. will open a store in downtown Los Angeles, at the 7+Fig shopping center, which has been without an anchor tenant since Macy's left early last year, the Los Angeles Times reported.
Expected to open in 2012, the store will be located in a combined space on one floor formerly occupied by Macy's and Bullock's department stores. It will carry a different merchandise mix, with a heavy emphasis on food and household basics, according to the newspaper.
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Chipotle to open new concept
New York City -- Chipotle Mexican Grill founder, chairman and co-CEO Steve Ells is developing an Asian fast-casual concept that he expects to debut in mid-2011, according to Nation’s Restaurant News.
The new concept will be similar in pricing to Chipotle, the report said.
Ells said in a statement, “Since opening the first Chipotle some 17 years ago, I have often thought about how other types of food might fit the Chipotle model.”
