The 16-year-old singing sensation is in negotiations with a company who helped Kim, Khloe and Kourtney Kardashian set up their Las Vegas boutique Khaos to develop a retail outlet at The Grove in Los Angeles.
The store in the upmarket outdoor shopping centre would see Justin lend his image to products ranging from shoes, skateboards and lollipops.
An insider told RadarOnline.com: "They want to have everything JustinBieber. They are also trying to find other Island Def Jam artists to be the face of some candy as well."
No opening date has been set for the store yet but it is hoped it will be launched by the end of this year.
Last month Justin announced the launch of his collection of trading cards with Panini America.
The `One Less Lonely Girl` hitmaker`s merchandise also includes three CDs, a fragrance, a line of nail polish, T-shirts, mugs, aluminium water bottles, lunch boxes, headphones, dolls, Christmas tree ornaments, a Halloween wig and boxer shorts.