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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.

California Approves Highest Minimum Wage in the Country

By 2022, California will be the state with the highest minimum wage in the country, making it an expensive place to do business.

Interest Rates to Rise This Spring as Economy Improves

UCLA Anderson Forecast predicts that the U.S. economy will grow moderately in 2016 and 2017.

Republic Business Credit Taps Fred Gaylord

Republic Business Credit announced it has hired Fred Gaylord as senior vice president of sales and marketing.

What Consequences Would Raising Tariffs Have on the Apparel Industry?

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.

Man Who Embezzled From Citizens of Humanity Pleads Guilty

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.

California and Nation to See Continued Economic Growth

The latest LAEDC economic forecast calls for continued growth in California and the rest of the country.

What Does an Economic Shift Mean for the Factoring Industry?

The global economy started out this year with a whimper, not a bang.

Express Trade Opens Los Angeles Office

New York–based Express Trade Capital Inc. now has a West Coast office, which is headed by Dina Davletshina.

Third-Quarter Revenues Slip for American Apparel

Third-Quarter Revenues Slip for American Apparel

Just days after American Apparel was cleared to exit bankruptcy, the troubled Los Angeles clothing maker filed its third-quarter earnings results showing the company is bleeding money.

Letter to the Editor: Charney Responds to the Bankruptcy Court Decision

Dov Charney Responds to the Bankruptcy Court Decision

L.A.–Based Brentwood Associates Buys Boston Proper

Boston Proper, the multichannel retailer owned by Chico’s FAS Inc., has been acquired by Los Angeles–based private-equity investment Brentwood Associates for an undisclosed amount.

Holiday Sales Not as Robust as Expected

The results are in. Holiday sales are up 3 percent over last year.

Finance One’s Shanghai Office Assists Local Importers, Provides Networking Services

Finance One opened its first international branch last fall in Shanghai after a five-year process to secure new business partners in China and ensure that the Los Angeles–based factor has done its due diligence regarding international laws and regulations for overseas trade and financing.

Retailers Face a Challenging Year in 2016 as U.S. Economy Chugs Along

Financial gurus and pundits agree that 2016 will probably be an economic twin of 2015. There will be slow but steady growth and unemployment will remain low.

CIT Group Appoints New President of CIT Commercial Services

CIT Group Inc., a provider of commercial lending and leasing services, announced that Marc Heller will be the new president of CIT Commercial Services, a major factor in the apparel industry.