‘93/’94 Year-End Review and Outlook : Industry Outlook : Continuing low-grade growth in the national economy, coupled with hopes for stability--if not expansion--in California, is the backdrop for the year in business. Here is an assessment of key industries’ prospects.

RETAILING: As consumer confidence climbs, discount retailers will benefit most. Expensive apparel chains will suffer most. Department stores will continue narrowing their merchandise mix. Survivors in the warehouse/club sector will expand. Southland supermarkets will face heavy competitive pressure.