By Deborah Belgum | April 17, 2014
After a harsh winter put a chill on the national economy, warmer weather is putting a spring back into consumer activity, which should translate into higher retail sales and apparel purchases for the rest of the year.
Healthcare and shopping. One doesn’t seem to go with the other. But with the mandatory health-insurance program, known as Obamacare, going into effect next year, many consumers will be on the hook to pay more out of their pocketbook to get health insurance.
After years of being traded on the stock market, a group of shareholders is trying to convert decades-old lingerie company Frederick’s of Hollywood into a private company.
Beleaguered surf giant Billabong International Ltd. shifted gears in its bailout.
Retailers will have to work harder for their money this holiday season.
CIT Commercial Services, Goodman Factors, Hana Financial, Inc., Rosenthal & Rosenthal
U.S. chain-store sales posted a 3.7 percent increase for August over the previous year, according to the International Council of Shopping Centers.
Jennifer Ehrhardt has been named chief financial officer of Irvine, Calif.–based teen surf chain Tilly’s, succeeding Bill Langsdorf, who announced his retirement earlier in the year.
Even though the economy is showing signs of improvement, a well-regarded consumer-spending index remained flat in July for the third straight month.
Bibby Financial Services, Marcum LLP
B.Riley & Co. forecast that sales will be weak for the Back-to-School season, and an analyst for the Los Angeles–based financial-services company cut his rating for Quiksilver Inc. from “buy” to “neutral.”
Two years after selling its majority stake in the Mexx retail chain to The Gores Group, Fifth & Pacific Cos. has agreed to pay the Los Angeles private equity firm $22 million to settle a complaint filed earlier this year in connection with the sale.
Fortune Swimwear LLC, the Culver City, Calif.–based private-label company founded by Fred Kayne, has been acquired by Coast Style Group, also based in Culver City.
At a July 29 special meeting, True Religion shareholders approved the company’s acquisition by TowerBrook Capital Partners at $32 a share, or $824 million.
The recent jump in long-term mortgage rates and bond rates means that short-term interest rates will be seeing their own increases down the road as the economy improves. The question is how much more will manufacturers and retailers be paying to borrow money, and when will that happen?
With housing prices showing healthy gains and the stock market posting healthy results, consumers are feeling more confident than last year, according to the 2013-2014 Mid-Year Economic Forecast and Industry Outlook released by the Los Angeles County Economic Development Corp. on July 17.