Retailers weather tough times at ABC Center; business is off 15%.Retailers at the ABC Entertainment ABC Entertainment is a network production company owned by The Walt Disney Company and ABC that created in 1982. It produced shows like America's Funniest Home Videos, America's Funniest People, and H.E.L.P.. Center in Century City are surrounded on all sides by glamour and big-name businesses, but the stardust star·dust n. 1. A dreamlike, romantic, or uncritical sense of well-being. 2. A cluster of stars too distant to be seen individually, resembling a dimly luminous cloud of dust. Not in scientific use. 3. hasn't been rubbing off on them recently. Many storefronts have changed hands during the past year, while sales at some shops and restaurants are reportedly off by at least 15 percent. On the east end of the mall looms the 44-story-high Century Plaza Towers Century Plaza Towers are two 44-story, 571 feet tall twin towers located at 2029 and 2049 Century Park East in Century City in Los Angeles, California. The towers were completed in 1975 and designed by Minoru Yamasaki. , commonly known as the "twin towers." The northwest end of the mall is anchored by the Shubert Theater, and adjacent to the west end is the glitzy glitz Informal n. Ostentatious showiness; flashiness: "a garish barrage of show-biz glitz" Peter G. Davis. tr.v. Century Plaza Hotel The Century Plaza Hotel in Los Angeles is a landmark 19-story luxury hotel forming a sweeping crescent design fronting the spectacular fountains on Avenue of the Stars adjacent to the twin Century Plaza Towers. , known for renting the single most expensive suite in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County. Most of the retailers' business comes from workers in ABC Entertainment Center offices and workers in the adjacent Twin Towers, while Shubert theatergoers and tourists also pump some nutrients into their business. But although there have been no substantial staff cuts at the ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. offices, the occupancy rate Noun 1. occupancy rate - the percentage of all rental units (as in hotels) are occupied or rented at a given time pct, per centum, percent, percentage - a proportion in relation to a whole (which is usually the amount per hundred) at the twin towers has fallen by 9 percentage points since the late 1980s -- to about 85 percent -- and three of the towers' floors are now vacant. Meanwhile, the Shubert recently went for an eight-month stretch without a single performance, and the sagging tourism industry has left many of the Century Plaza rooms empty. As a result, the retailers and the restaurants at the ABC Entertainment Center have been hit by a left hook, a right hook and a strong jab. "The center definitely needs more traffic," said Toni Slover, manager of Hit or Miss, a women's apparel store. Unlike most other shopping centers shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into in Los Angeles, this one's retailers are inherently at a disadvantage because they do most of their business during lunch time, when the workers from their upstairs offices and those in the Twin Towers take a break for a bite to eat and a stroll through the shops. Tenants have described the center as dark and empty during many nights and weekends. On Saturdays most of the restaurants but only a few of the retailers keep hours, while on Sundays all of the retailers are closed and only a few restaurants keep their doors open. "Weekends are dead," said Crystal Taylor, a supervisor at B. Dalton Bookseller, adding that in general business is "just really slow." One tenant has operated a jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. store at the center for the past 15 years, but decided not to renew his lease. People come to the center to eat, but they don't think to shop there, said Gaby's jewelry store owner Israel Rosenfeld. "You can't build up a business." At least one other store is closing its doors, as indicated by the "Moving Sale" banners posted in the windows of Pierre, a men's apparel shop. Although no one at the store would comment on business, Kim Cascio, manager of the Arby's restaurant upstairs, said he observed that business at Pierre has been slow. A spokeswoman for the mall's management company blamed the recession, though, for the retailers' poor performance. "If you go to Bullock's, Broadway, Saks or I. Magnin I. Magnin was a San Francisco, California-based high fashion and specialty luxury department store. Over the course of its existence, it expanded across the West into Southern California and the adjoining states of Arizona, Oregon, and Washington. , they're going to tell you the same thing. I think it's absolutely the economy," said Juli Edwards-Mayo, spokeswoman for Westside Entertainment Center Associates. One deterrent to business is the hefty price for parking in the center's underground lot, said Greta Jamgocyan, owner of Greta's, a jewelry and gift store. Parking costs $1.75 for each 20 minutes. In contrast, customers at the nearly Century City Shopping Mall get three hours of free parking with a ticket validation. There are also complaints about the lack of activity at the Shubert. On evenings "when they have no shows, it's like a morgue morgue (morg) a place where dead bodies may be kept for identification or until claimed for burial. morgue n. here," said Arby's Cascio. Tenants also say that the center's management doesn't do enough to promote the retailers there. "They're not promoting the plaza at all," Cascio said. Furthermore, because Century City is considered a "planned community Noun 1. planned community - a residential district that is planned for a certain class of residents residential area, residential district, community - a district where people live; occupied primarily by private residences ," local ordinances prohibit the center's tenants from handing out promotional leaflets or posting promotional signs outside the center's premises, Cascio said. But Edwards-Mayo said the management advertises in "all the local newspapers," and that it is doing all it can, within budget constraints, to tout the center. She also said that although there has been a continual flow of retail tenants to and from the center, there is currently only one store space available. In addition, she was quick to emphasize that the ABC Entertainment Center is not a "mall" per se, but that the retailers are there primarily to serve the offices and not the rest of the community. Some tenants are thriving. "We have a line at the register during lunch," said Slover, manager of Hit or Miss, which has been open since last November. Likewise, business at City Deli has skyrocketed since new owners took over the restaurant four months ago, said manager Don Levine during a recent mid-morning interview as he got up and down from the table to help hungry customers. But although his own restaurant has so far been successful, "a lot of businesses in here are doing very poorly," Levine noted. |
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