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Gap’s Chief Financial Officer Is Stepping Down

By Deborah Belgum | November 3, 2016

After 15 years working at Gap Inc., Sabrina Simmons is stepping down from her job as executive vice president and chief financial officer.

UCLA Anderson Forecast Predicts the Fallout from ‘Trumponomics’

UCLA Anderson economists got caught by surprise when Donald Trump was elected to be the 45th president of the United States.

Forecast: Holiday Sales to Increase 3.6 Percent

The first forecasts for the upcoming 2016 holiday season have been released, and they predict that retailers will enjoy solid sales during the crucial season which can comprise more than 20 percent of a retailer’s annual business, according to the National Retail Federation, a Washington D.C. retail trade organization.

Mergers, Acquisitions and Bankruptcies: What’s in the Cards for the apparel and Retail Sectors

Shoppers are flocking to online sites to snap up purchases while spending more money on dining out and traveling. This has left tried-and-true retailers and manufacturers in a quandary.

UCLA Anderson Forecast Predicts Moderate Economic Growth and Rising Housing Prices in California

According to the recently released UCLA Anderson Forecast’s quarterly update, the next two years will be pretty much a repeat of the past several years—moderate growth with job gains. But future job gains won’t be quite as robust as in previous years.

PacSun Sheds Bankruptcy, Emerging as a Private Company

Five months after filing for Chapter 11 bankruptcy protection, Pacific Sunwear of California has been acquired by a San Francisco private-equity investment firm.

Beer Named Western Regional Sales Manager at CIT

The CIT Group Inc. named Darrin Beer Western regional sales and portfolio manager for the company, replacing Mitch Cohen, who has retired.

What Are the Roadblocks This Year for Apparel Makers and Retailers?

California Apparel News recently spoke with several finance-industry executives about what challenges apparel manufacturers are facing this year that they didn’t have to confront last year and how the presidential election is influencing consumer attitudes.

Coolibar Acquired by California Company

Minneapolis-based sun-protective apparel and accessories maker Coolibar Inc. has been acquired by Olivarius Hospitality California, a Santa Barbara, Calif.–based company owned by Olivier Leclercq.

Rosenthal & Rosenthal Launches New Division With New Hires

Rosenthal & Rosenthal, a finance company specializing in factoring and asset-based lending, announced it is starting a new division called Rosenthal Trade Capital to provide alternative inventory-financing solutions to cash-constrained companies.

Mid-Year Financial Review: Retailers Take on a New Attitude as Economy Slows

As consumers continue to adjust their buying habits and purchase less on apparel, retailers are tweaking their business models to keep shoppers coming through the doors.

California Consumers Plan to Buy More Big-Ticket Items

California consumers might be feeling a little more pessimistic about the economy right now, but the future looks a bit brighter.

California’s Economy Charts Positive Growth Through 2018

Job gains and slow steady growth are the path for the country and California for the next few years, according to economists at the UCLA Anderson School of Management.

Express Trade Expands Team With 1st SVP Appointment

Express Trade Capital Inc. named Ignatius “Nat” Marotta as first senior vice president for the New York–based finance company, which specializes in trade finance, factoring and purchase-order financing.

Feedback on Chargebacks: Stage Stores VP Offers Advice for Avoiding Chargebacks

At a recent event in Los Angeles, Stage Stores executive Kenneth J. Lettre offered some words of advice for avoiding chargebacks.

Retailers Go Back to the Drawing Board to Draw in Consumers

As consumers alter their buying patterns, developers across the country are blowing up shopping centers and redrawing their mall maps to give more real estate to restaurants, nail salons and gadget stores and less square footage to clothing outposts.

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