By Andrew Asch | December 3, 2019
Black Friday shopping broke records, according to the National Retail Federation. During a Dec. 3 conference call, the Washington, D.C., retail trade group said that 189.6 million U.S. consumers shopped during the Black Friday Weekend.
Black Friday shopping broke records, according to the National Retail Federation. In a Dec. 3 conference call, the Washington, D.C., retail trade group said that 189.6 million U.S. consumers shopped during the Black Friday Weekend.
In what is being called the biggest deal in the history of the luxury-goods market, Paris-headquartered LVMH Moët Hennessy Louis Vuitton SE acquired Tiffany & Co. for $16.2 billion, it was announced Nov. 25.
Faux fur has enjoyed wide popularity during 2019, but it was a tough year for businesses working with real fur. California became the first state to ban the sale and manufacture of fur.
Los Angeles–headquartered Forever 21 was one of the architects of fast fashion, but, after three decades of growth, the family-run business, which enjoyed more than $3.4 billion in revenues in 2017, filed for Chapter 11 bankruptcy.
Barneys New York served as an influential American retailer since the 1920s, but in 2019 it went bankrupt and its remaining five stores started a liquidation process.
Observing its 50th anniversary during 2019, Gap Inc. experienced a year of major change for one of the biggest specialty retailers in the world.
One of the most familiar sights in the California landscape is the mall, but Long Beach, Calif., despite being the seventh largest city in the state, has been traditionally “under-malled.”
Apparel-industry forecasters are looking ahead during the final quarter of 2019, as they foresee a strong Holiday-shopping season with reports estimating higher numbers over last year.
Luxe, multi-brand retailer The Webster is scheduled to open an 11,000-square-foot flagship at the Beverly Center in Los Angeles, it was announced Nov. 20.
Macy’s Inc. reported a same-store sales decline for its third quarter and lowered its annual sales and EPS guidance for its 2019 fiscal year. The results were released on Nov. 21.
A couple of weeks after the resignation of Art Peck, the former Gap Inc. chief executive officer, the San Francisco–headquartered specialty retailer announced that same-store sales for its 2019 third quarter declined 4 percent, said Robert J. Fisher, Gap Inc.’s interim president and chief executive officer.
Forum, a tech-enabled bricks-and-mortar boutique, officially opened Nov. 15 across the street from the Melrose Place designer district in West Hollywood, Calif.
Bucking business as usual on Black Friday, Z Supply, LLC, an Irvine, Calif.–headquartered fashion house, will not do business at its direct-to-consumer channel, www.zsupplyclothing.com, for a 24-hour period on Nov. 29.
Fast-fashion stores often get criticized by environmentalists, but in the past two months H&M and Forever 21 have been the targets of protests from labor groups. Last month, H&M employees held a demonstration outside of a store in Pasadena, Calif.