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

By Alison A. Nieder | August 10, 2017

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

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.

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.

How Are Finance People Handling the Weak Retail Market and Have They Adjusted Their Financing Rules for Clothing Manufacturers?

As retailers start shrinking their footprints around the country, apparel manufacturers are wondering how to cope with this constricting retail landscape.

Rising Employment, Interest Rates and Inflation Set the Economic Tone for the Next Few Years

A new Trump administration should be good for the U.S. economy over the next couple of years, but there might be some bumps in the road for California, according to a UCLA report released March 8.

U.S. Economic Engine Expected to Chug Along at a Moderate Pace

In its latest forecast for 2017-2018 released on Feb. 22, the Los Angeles County Economic Development Corp. predicted that the nation’s gross domestic product—the country’s measurement of economic growth—will inch up by 2.2 percent this year and increase to 2.7 percent in 2018.

What Stumbling Blocks Are in Store This Year for Apparel Makers and Retailers?

The California Apparel News recently spoke with several finance-industry executives about what challenges and bumps in the road apparel manufacturers and retailers are facing this year now that the uncertainty of the presidential election is over, but another set of uncertainties have cropped up under a new administration.

Standard General Sues American Apparel Lenders

Standard General Sues American Apparel Lenders

As American Apparel is shuttering its downtown Los Angeles clothing factory and laying off thousands of workers, hedge-fund investor Standard General is suing the various lenders that bailed the garment company out of bankruptcy for the first time last year.