You don't want to stringify large objects into a single localStorage entry. That would be very inefficient - the whole thing would have to be parsed and re-encoded every time some slight detail changes. Also, JSON can't handle multiple cross references within an object structure and wipes out a lot of details, e.g. the constructor, non-numerical properties of arrays, what's in a sparse entry, etc.
Instead, you can use Rhaboo. It stores large objects using lots of localStorage entries so you can make small changes quickly. The restored objects are much more accurate copies of the saved ones and the API is incredibly simple. E.g.:
var store = Rhaboo.persistent('Some name');
store.write('count', store.count ? store.count+1 : 1);
store.write('somethingfancy', {
one: ['man', 'went'],
2: 'mow',
went: [ 2, { mow: ['a', 'meadow' ] }, {} ]
});
store.somethingfancy.went[1].mow.write(1, 'lawn');