A woman is standing near three stores, two have beautiful artwork and the other store has Largo written on it.
A woman standing on a street corner outside beside three different stores, two of which contain beautiful artwork and one with a Largo sign.
'A woman is standing' absolutely indicates a woman standing; a street corner is a likely position from where one can be near three stores at once, and a street corner is by definition outside; three stores must be somehow different or there would not be a specific number of them; 'have' and 'contain' are synonymous in this context; 'a Largo sign' makes sense if such a sign is mounted on the store said to have Largo written on it.
A woman is standing on the street corner.
Woman is standing is paraphrase of woman standing on a street corner, and three stores implies outside.