By Andrew Asch | October 2, 2020
After more than 40 years, the red, white and blue letters of the Fred Segal sign that had graced the ivy-covered brick building at the corner of Los Angeles’ Melrose Avenue and Crescent Heights Boulevard was recently taken down. The navy blue–and–white lettering of Ron Herman was posted in its place on Oct. 2.
The True Religion brand emerged from a Chapter 11 bankruptcy on October 19, according to a statement from Michael Buckley, the company's chief executive officer.
Omni-channel retail tossed a lifeline to commercial real estate in Los Angeles and other U.S. cities during the second and third quarters of 2020, according to a recently released report from CBRE, a commercial-real-estate and advisory firm.
Billions of dollars were spent on goods ranging from vacuums to card games during the sixth annual Amazon Prime Day, which ran Oct. 13–14.
After long months of COVID-19 closures, a number of Los Angeles County indoor malls reopened Oct. 7, but they were required to reopen at a limited capacity.
In a Sept. 29 announcement, Seattle luxury department-store retailer Nordstrom revealed that it would halt the sale of animal-fur and exotic-animal skin products by the end of 2021.
Former Tommy Hilfiger Handbags and Accessories, and Oscar by Oscar de la Renta executive Charles M. Jayson has been appointed as the executive vice president of retail business development at management-consulting firm Hilco Merchant Resources.
E-commerce retailer ModCloth announced its return to Europe, following its halt of shipping to the European market in May 2018.
The COVID-19 pandemic has been tough on every sector of business, with the U.S. retail-real-estate sector experiencing its first decline since the Great Recession of the previous decade, according to a recently released report from CBRE, a commercial-real-estate services and investment firm.
Similar to other major metropolitan centers across the country, Los Angeles’ retailers were hit hard by COVID-19 shutdowns and the fallout from looting stemming from social unrest. But many have rallied and returned to their jobs of selling fashion to the public.
South Coast Plaza opened its doors on Aug. 31 after a COVID-19 closure that lasted over six weeks. The prominent Costa Mesa, Calif.–headquartered shopping center reopened a few days after California Gov. Gavin Newsom issued guidelines to restart the state’s economy.
Gap Inc. reported that its online sales skyrocketed 95 percent and its same-store sales increased 13 percent for the second quarter of its 2020 fiscal year compared with the same quarter of the previous year, said Sonia Syngal, Gap Inc.’s chief executive officer.
After some 16 years in business, Brixton, headquartered in Oceanside, Calif., is going for a rebrand. The label with roots in action sports will unveil its new outlook with a bricks-and-mortar store in Encinitas, Calif., a town known for its surf shops such as the pioneering core board shop Hansen Surfboards.
PreciseTarget, a data-science and machine-learning market-research company headquartered in Bethesda, Md., recently released a forecast that predicted a recovery pathway for the fashion industry after the COVID-19 pandemic. However, the study also forecasted that the pandemic would force the fashion business to make big changes.
Retail sales showed some momentum last month. The U.S. Census Bureau released numbers Aug. 14 that found overall retail sales during July increasing 2.7 percent in a year-over-year comparison and 1.2 percent compared to June.