By Deborah Belgum | January 26, 2017
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.
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.
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 might be feeling a little more pessimistic about the economy right now, but the future looks a bit brighter.
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 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.
At a recent event in Los Angeles, Stage Stores executive Kenneth J. Lettre offered some words of advice for avoiding chargebacks.
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.
By 2022, California will be the state with the highest minimum wage in the country, making it an expensive place to do business.
UCLA Anderson Forecast predicts that the U.S. economy will grow moderately in 2016 and 2017.
Republic Business Credit announced it has hired Fred Gaylord as senior vice president of sales and marketing.
In the whirlwind of election-year debates, some politicians have been taking a protectionist attitude and threatening to raise U.S. tariffs and erect trade barriers.
The man who oversaw a scheme to embezzle $8 million from a commercial laundry house owned by Citizens of Humanity pleaded guilty to federal charges, according to the U.S. Attorney’s office.
The latest LAEDC economic forecast calls for continued growth in California and the rest of the country.
The global economy started out this year with a whimper, not a bang.
New York–based Express Trade Capital Inc. now has a West Coast office, which is headed by Dina Davletshina.