FINANCE

Nicholas Nunnari Joining CIT’s West Coast Office

By Alison A. Nieder | October 19, 2017

CIT named Nicholas Nunnari vice president and business development officer for the company’s commercial services team in Los Angeles under the direction of CIT Western Regional Manager Darrin Beer.

True Religion Exits Bankruptcy With Smaller Footprint

True Religion, the Los Angeles company whose jeans were constantly being knocked off by Chinese counterfeiters when the label was a must-have brand, exited Chapter 11 bankruptcy with a smaller retail footprint and cash to move forward.

Citizens of Humanity Management Buys Back Company From Private Equity Investors

Citizens of Humanity’s executive management team and private investors pooled their money together to buy back the portion of the company owned by private-equity investor Berkshire Partners and cofounder Jerome Dahan.

How the Factoring Industry Has Adapted to a Changing Retail World

As the retail industry has changed into a split personality of online and offline shopping, so too has the factoring industry that finances manufacturers’ production and sales to clients.

UCLA Anderson Forecast Shines a Light on the Troubled Retail Industry

In one year, retail employment declined by 29,000 jobs. What had been the second largest private-sector employer in the United States has dropped to the fourth largest, according to the recently released UCLA Anderson Forecast.

CIT Group Names New Chief Strategy Officer

Commercial lender CIT Group has named Kenneth McPhail as executive vice president and chief strategy officer, effective immediately.

DSTLD Plans Second Round of Crowd-Funding, Pop-Ups and Other Events Planned

DSTLD, the direct-to-consumer contemporary brand for men and women, is preparing to open up its second round of crowdfunding.

Bachrach Men’s Stores to Exit Bankruptcy Soon

Only four months after filing for Chapter 11 bankruptcy protection, Bachrach men’s stores is expected to emerge from bankruptcy by the end of August with 15 stores intact.

The Effect of Rising Interest Rates on the Apparel Business

For nearly a decade, interest rates have remained near zero, meaning it was very inexpensive for businesses to borrow money. But those sunny days may be over. Twice this year, the Federal Reserve has raised the prime rate, and it is expected to do so again later this year.

Solid Economic Growth Pushes Online Sales With Traditional Stores Revamping Their Fleet

Retail sales are inching forward this year with a strong nudge by online purchases fueled by millennials who prefer shopping on their smartphones and computers.

UCLA Anderson Forecast Sees a Stable Economy for Next Few Years

The UCLA Anderson Forecast says Trump's prediction of 3 percent GDP growth probably won't happen.

Creativity Abounds in California’s Economy

In 2015, some 747,600 people in California were directly employed in creative-industry jobs, a 13.5 percent increase from 2010, according to the “2017 Otis Report on the Creative Economy of California,” released on May 18 by the Otis College of Art and Design.

Capital Business Credit Gets a Name Change

Five months ago, White Oak Global Advisors acquired Capital Business Credit, known for its asset-based lending portfolio. Now White Oak Global is renaming Capital Business Credit to White Oak Commercial Finance.

Despite a Strong Economy, Retailers Are Being Hit Hard and Trying to Adjust

Even though the U.S. economy is predicted to be on sound footing this year, the stack of retailers closing their stores due to bankruptcies or slipping sales keeps piling up at an alarming rate.

TPC: L.A.’s Networking Group for Industry Professionals

It’s a group that includes factors, bankers, lawyers, certified public accountants, insurance agents and other members of the professional services community that specialize in working with apparel businesses.

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