Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

Anti-Wal-Mart groups vow continued scrutiny of retailer's Ventura plans

Thu. November 05, 2009; Posted: 06:17 PM
Stocks RSS
Nov 04, 2009 (Ventura County Star - McClatchy-Tribune Information Services via COMTEX) -- KMRT | Quote | Chart | News | PowerRating -- Supporters of a failed ballot measure created to keep Wal-Mart out of Ventura vowed today to continue scrutinizing the retailer's plans to take over the closed Kmart store on Victoria Avenue.

About 55 percent of voters rejected Measure C in Tuesday's election, while 45 percent supported it. The measure would have barred any new store citywide larger than 90,000 square feet that uses more than 3 percent of its sales floor area to sell groceries.

Although the measure did not mention Wal-Mart by name, proponents were among those who spearheaded the Stop Wal-Mart Ventura Coalition after the retail giant proposed replacing the closed Kmart with a 150,000-square-foot store. Wal-Mart Stores Inc. has submitted revised plans calling for a 98,000-square-foot store, with a new entrance and facade, a garden center and realigned parking. The stores complies with city rules that restrict stores along the busy Victoria corridor to no more than 100,000 square feet, according to city planners.

"We will continue to work to make sure Wal-Mart has to adhere to the city's codes," said Das Williams, a spokesman for Livable Ventura, a citizens group that is part of the Stop Wal-Mart Ventura Coalition. A store boycott also has been discussed, he said.

Wal-Mart's plans also show an additional loading dock would be constructed behind an adjacent, vacant commercial building. The building, which Wal-Mart controls, likely would be leased out, according to a company spokesman.

The plans still need approval from the city's Design Review Committee. City planners have recommended Wal-Mart and the committee meet again in an informal public hearing to iron out details -- an invitation Wal-Mart is still considering, officials said.

The store would be Wal-Mart's third in Ventura County, joining ones in Simi Valley and Oxnard. Wal-Mart also has a Sam's Club in Oxnard.

To see more of the Ventura County Star, or to subscribe to the newspaper, go to
http://www.venturacountystar.com. Copyright (c) 2009, Ventura County Star,
Calif. Distributed by McClatchy-Tribune Information Services. For reprints,
email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send
a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee
Ave., Suite 303, Glenview, IL 60025, USA.
For full details for KMRT click here.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [KMRT]
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.