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SLO's Court Street Business Success

Wednesday, June 15, 2005

The Court Street Project has brought big city shopping to downtown San Luis Obispo and now businesses there are seeing big city success.

In it's first week of sales, Chico's was ranked number one in revenue in comparison to it's other nationwide stores.

Abercrombie & Fitch has been open two weeks and was fifth in comparison to it's other U.S. stores.

Banana Republic had to request a truckload of new clothes after just one week of sales.

San Luis Obispo Economic Development Manager Shelly Stanwyck says the timing for the center's opening couldn't have been better.

"It was a great weekend to open and have all the visiting parents of students and families in town. Graduation weekend is a huge weekend for us, so that helped certainly" says Stanwyck.

The city will receive about $250,000 a year in new sales tax from the stores. That money will go towards the city's budget, helping to pay for street maintenance, police officers and firefighters.

Those we talked with say they don't have to travel far to shop till' they drop.

"It's nice that's it's a lot more convenient. Going to Santa Barbara was out of the way" says shopper Lindsay Cox.

The project still has three other businesses planning to set up shop. Aveda, Straight Down Clothing and Guiseppe's Italian Restaurant are expected to open later this summer.

Read entire article at:
Court Street Businesses Savor National Success
KCOY

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