Fueld by rising prices in Arcadia, Pomona, Pico Ribera and most beach cities, the Los Angeles metropolitan area bucked a national trend this year, as it saw a 3.3% year-over-year gain in home prices, according to a report by Standard & Poor's and Case-Shiller. Arcadia saw a 39.6% increase in home prices this year.
Retail chain Anchor Blue, which began nearly four decades ago, with two Miller's Outpost locations in Ontario and Pomona, will close all of its 117 stores, including those in Arcadia, Industry, Pico Rivera, Montebello and West Covina. Its parent company, Anchor Blue Holding Corporation filed for bankruptcy protection on January 11, for the second time in two years. Miller's Outpost began in Ontario in 1948, when brothers Dave and Lou Miller founded Ontario War Surplus, which became Miller's Surplus. The brothers split, and Dave opened the first Miller's Outpost locations in 1972.