By Andrew Asch | April 15, 2021
DJM, a lifestyle-retail-center developer with offices in Los Angeles and San Jose, Calif., recently announced a $70 million recapitalization of its Lido Marina Village retail center in Newport Beach, Calif.
After a harsh year navigating COVID-19, retailers will be greeted by a robust economy in the third and fourth quarters of 2021, said Frank Kaufman, national practice leader in retail for the accounting and consulting firm Moss Adams.
Fred Segal was considered the founder of the specialty-retail approach that ushered in an influential Los Angeles and California sense of cool. He died Feb. 25 in Providence Saint John's Health Center in Santa Monica, Calif.
U.S. retail sales are forecast to make a big rally this year. Sales are expected to grow between 6.5 percent to 8.2 percent to more than $4.33 trillion, according to the National Retail Federation.
The COVID-19 pandemic forced retailers across industries to go on a crash course developing and scaling up their e-commerce. For many in the apparel industry, this platform saved their businesses. Applying principles of convenience to allure customers to their shops, including personal styling, shopping-incentive discounts, complimentary delivery and curbside pickup, fashion businesses also relied on selling through digital boutiques.
The National Retail Federation’s NRF 2021: Retail’s Big Show—Chapter One, an annual exposition that produces seminars and keynote addresses by industry stars, went virtual because of the COVID-19 pandemic.
Taubman Properties recently announced that Elvina Patel was named general manager of the high-profile Los Angeles Beverly Center, a mall that focuses on high-end fashion, such as Balenciaga, Dolce & Gabbana, Gucci, Louis Vuitton and Prada.
NTWRK, a Los Angeles-headquartered mobile-first video-shopping platform, has aimed to be a pioneer in digital commerce since launching in 2018. It announced on Jan. 13 that it had hired Colby Black, an executive from Urban Outfitters, to be its first chief merchandising officer.
The California Millinery Supply Co., located at 721 S. Spring St. in downtown Los Angeles’ Fashion District, sells hat-making supplies and accessories. For decades, film, television and theater productions, fashion designers and craftspeople have purchased hat frames, feathers, ribbons and veiling to make period headwear as well as new styles.
The National Retail Federation reported on Jan. 15 that business for the 2020 holiday season was surprisingly strong. Sales grew 8.3 percent to $789.4 billion, beating the prominent trade group’s forecast of 3.6 percent to 5.2 percent growth.
Dan Jablons moonlights as an actor and appeared on the television show “Curb Your Enthusiasm” as the lawyer for comedian Larry David. But for more than 15 years he has run the Los Angeles–headquartered consultancy Retail Smart Guys.
Initial reports from the 2020 holiday season were recently released, and retail sales experienced growth during a year fraught with challenges. Retail sales charted from Oct. 11 to Dec. 24 grew 3 percent, according to Mastercard SpendingPulse, which researches consumer spending on the Mastercard payments network.
Organized retail crime—or shoplifting and cargo theft committed by professional thieves—has been surging, according to the 16th annual Organized Retail Crime study released Dec. 15 by the National Retail Federation trade group.
The 2020 holiday-retail season is preparing for its final run on Dec. 19, or Super Saturday. The Saturday before Christmas has traditionally been one of the busiest shopping days of the year.
2020 Retrospective, Financial Review: Pandemic and Social Unrest Set Stage for Surge in Bankruptcies
Prominent names in apparel filed for bankruptcy and closed physical stores in 2020 in the face of overwhelming challenges.