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What’s Checking Malibu: Haven for Indie Stores

By Andrew Asch | January 30, 2020

During a time when independent, multi-line stores are considered to be playing defense against digital retailers and mono-brand shops, Malibu, Calif., remains a haven for independent boutiques.

L.A. and California Economy Strong, But Might Take Small Hit from Coronavirus

L.A. and California Economy Strong, But Might Take Small Hit from Coronavirus

California and Los Angeles County are forecasted to enjoy moderate yet sustained growth throughout the next two years, according to a Los Angeles County Economic Development Corporation forecast released on Feb. 19.

Forever 21 Acquired by ABG, Simon and Brookfield

Forever 21 is now owned by the Authentic Brands Group, the Simon Property Group and Brookfield Property Partners, it was announced on Feb. 19.

Mall Giant Simon Acquires Taubman for $3.6 Billion

Simon Property Group and Taubman Centers Inc., two titans of the American mall market, will join forces in a deal where Simon acquires Taubman for $3.6 billion or $52.50 per share, it was announced Feb. 10.

Week In Review

The Week in Review

Forever 21 Bankruptcy Names Stalking Horse Bidders

The Simon Property Group and Brookfield Properties have joined forces to acquire the assets of their bankrupt tenant Forever 21 Inc.

Macy’s Plan Calls for New Direction and Closing 125 Stores

Macy’s Plan Calls for New Direction and Closing 125 Stores

Macy’s Inc. outlined sweeping changes on Feb. 4 that called for the elimination of 2,000 jobs and the closure of 125 stores over the next three years, said Jeff Gennette, the giant retailer’s chairman and chief executive officer.

Vans Opens L.A. Fashion District Flagship for Locals and Global Visitors

Vans Opens L.A. Fashion District Flagship for Locals and Global Visitors

The cradle of the sport and lifestyle of skateboarding is located in Los Angeles’ Venice section, Santa Monica, Calif., and parts of Orange County, Calif. But Vans, the Costa Mesa, Calif.–based brand credited for making the first skateboarding shoe, chose downtown Los Angeles’ fashion district as the location for its new flagship concept store.

Amazon Reports Stellar 4th Quarter

Retail giant Amazon.com reported that its net sales increased 21 percent, to $87.4 billion in the fourth quarter of its 2019 fiscal year, compared with $72.4 billion in the fourth quarter of its 2018 fiscal year.

Forever 21 Auction Potentially Scheduled for Feb. 4

An auction for bankrupt retailer Forever 21 might be scheduled for as soon as Feb. 4, according to Bloomberg. A new owner for the Los Angeles–based fast-fashion retailer might be announced as soon as Feb. 11.

After A Decade, Malibu To Build a Retail Center

After A Decade, Malibu To Build a Retail Center

Malibu has been taking steps to give a final approval to start construction of Malibu La Paz Ranch, a new retail center, it will be one of the only new retail centers to be constructed in Malibu in more than a decade.

Egeck Exits PSEB Group

After he guided the Eddie Bauer outdoor brand to a merger with surf-and-youth retailer Pacific Sunwear of California to form operating company PSEB Group, it was announced Jan. 23 that Mike Egeck will step down as chief executive officer.

Luxury Resale Trends Reflected in The RealReal’s ‘2010s Retrospective’

Recently, Brisbane, Calif.–headquartered luxury resellerThe RealReal encouraged fashion enthusiasts to look back on secondhand trends from the last 10 years. Compiled from sales data and client-survey responses sourced since the company’s founding in 2011, the “2010s Retrospective” report provides insight regarding the power of resale on trends.

Millennial Generation Loves Internet, Vintage Clothing & Bricks & Mortar, Survey Says

The Millennial generation was born during a baby boom of the 1980s and 1990s and represents one of the biggest segments of the U.S. population—75 million people—according to the Brookings Institution.

Retail Stars Talk Trends & Tech at NRF’s Big Show

Retail Stars Talk Trends & Tech at NRF’s Big Show

Executives and stars of the retail business discussed the future and the present of their industry at NRF 2020 Vision, Retail’s Big Show, which ran Jan. 12–14 at the Javits Center in New York City. The event was produced by the influential trade group National Retail Federation.

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