Today, Melrose Avenue stands as one of the longest and most famous stretches of independently owned and operated retailers in the world. Consequently, it does not weather the regular economic downturn of the business cycle in the same way commercial enterprises such as The Grove, The Beverly Center or Third Street Promenade do, nor does it adapt as quickly as smaller independent shopping areas like West Third Street, Los Feliz or Abbot Kinney.
From a piece that ran here in response to an L.A. Times business story from September 2010 that said Melrose couldn’t hack it in a rough economy. Not to mention, according to the piece, Melrose is falling off in other ways:
Although store owners blame the recession for their woes, others contend that Melrose’s problems go deeper than the economy. They say the shopping district has fallen from its glory days because of an increasingly run-down feel, restrictive parking measures and an excess of shops all selling the same poorly made apparel from downtown L.A.’s Fashion District.