FINANCE

UCLA Anderson Forecast Takes a Look at California’s Future

By Deborah Belgum | December 10, 2014

California is on a steady course to see job growth outpace the U.S. economy through the end of 2016, eventually driving down the state unemployment to 5.6 percent during that period. That is considerably lower than the 7.3 percent recorded in October.

Investors Want to Take Frederick’s of Hollywood Private

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.

How Will Obamacare Affect Shoppers and the Clothing Industry?

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.

Investors Want to Take Frederick’s of Hollywood Private

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.

Billabong Changes CEO, Refinancing Plans

Beleaguered surf giant Billabong International Ltd. shifted gears in its bailout.

Holiday Sales Will Be Up and Shopper Traffic Down This Year

Retailers will have to work harder for their money this holiday season.

Finance Resource guide

CIT Commercial Services, Goodman Factors, Hana Financial, Inc., Rosenthal & Rosenthal

August Sales Mixed, Steeper Discounts on Horizon, Says ICSC

August Sales Mixed, Steeper Discounts on Horizon, Says ICSC

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.

Tilly’s Reports 17.1 Percent Increase in 2nd-Q Total Net Sales, Names New CFO

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.

Consumers Still Cautious About Spending

Even though the economy is showing signs of improvement, a well-regarded consumer-spending index remained flat in July for the third straight month.

Finance Resources

Bibby Financial Services, Marcum LLP

Quiksilver’s Rating Cut

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.”

Fifth & Pacific Pays Gores Group to Settle Mexx Dispute

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.

Coast Style Group Acquires Fortune Swimwear From Fred Kayne

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.

New CEO Named at True Religion

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 Rise in Long-Term Interest Rates and Its Effect on the Apparel Industry

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?