By Andrew Asch | May 24, 2018
As the retail world turns to keep customers walking through the doors, Macy’s is banking on a new store concept, new technology and updated looks to its traditional stores to entice customers to keep on shopping.
Rumors are swirling that private-equity firm Golden Gate Capital might be doing a little matchmaking for two of its brands that it owns.
The tried-and-true formula of trendy casual wear at a bargain price was the right formula for Old Navy, a division of Gap Inc.
Planet Blue, the retailer that carries young contemporary fashion, has named Eddie Bromberg to be its new chief executive.
After wholesaling its brands to retailers that range from Pacific Sunwear to Zumiez, The Leverage is opening a new boutique in Los Angeles.
After 15 years at the luxury label known for its women’s knit suits, Bruce Fetter has retired as St. John Knits’ chief executive officer, president and chief operating officer. He has been replaced by Eran Cohen, who joined the company May 1.
Ron Robinson said the late 1960s were an exhilarating time to be in the retail business in Los Angeles.
The National Retail Federation said that retail sales in April showed a 2.8 percent year-over-year increase in the U.S retail market, excluding auto sales, gasoline stations and restaurants.
Almost one year after juniors retailer Wet Seal was acquired by investment firm Gordon Brothers, the now online-only retailer announced a new collaboration called Niki + Gabi for Wet Seal.
After a 15-year run on luxe shopping street Rodeo Drive, Brooks Brothers is scheduled to move from its two-story building on Aug. 1, with the property being put up for sale for $300 million.
Look for a new American Apparel store on Melrose Avenue later this year.
Macerich Company, the owner of retail centers Santa Monica Place in Santa Monica, Calif., and the Westside Pavilion in Los Angeles as well as other properties, had a $33.6 million net loss for the first quarter ended March 31, 2018, compared with a profit of $69.2 million for the same period last year.
Now that millennials are becoming parents, their way of shopping for their families varies wildly from their parents. The phone is practically the command center for this generation, born between 1981 and 1994.
For retailers, it should be more about millennials.
A Nordstrom Rack will be coming to The Vineyards, a shopping center under construction in Porter Ranch, which is nestled in the northwest section of Los Angeles’ San Fernando Valley.