By Andrew Asch | October 16, 2014
After working as a senior buyer at American Rag, a head designer at Joe’s Jeans and a director of merchandising at Planet Blue, the next step for Jennifer Althouse was to open a high-end, multi-brand women’s boutique in downtown Los Angeles.
American Rag Cie is taking its show to the world. The pioneering Los Angeles retailer announced that the company recently signed off on a licensing deal that will bring American Rag to Shanghai, possibly in the first half of 2015.
Sears Holdings is closing stores in the U.S., but the Hoffman Estates, Ill.–based retailer has yet to confirm the actual number of closures planned.
San Francisco–based Gap Inc. signed deals to open Old Navy stores in six countries in the Middle East next year.
Rick Mina, former chief executive officer and president of Foot Locker North America, was named president of Active Ride Shop, a 21-store chain headquartered in Rancho Cucamonga, Calif., that is devoted to action-sports brands.
The Wet Seal Inc. announced on Oct. 14 that it would eliminate 78 jobs as part of the beleaguered retailer’s cost-savings plan.
September looked good for retail sales, according to the International Council of Shopping Centers.
Economists for the NRF, the largest retail trade group in America, forecast good business for the crucial holiday season. NRF released a forecast on Oct. 7 that predicts sales in November and December will increase 4.1 percent to $616.9 billion.
Glenn Murphy, Gap Inc.’s chief executive officer and chairman, announced his resignation from the company on Oct. 8.
Expect a good Holiday season, according to a National Retail Federation forecast.
Steven H. Benrubi, the long-serving chief financial officer of The Wet Seal Inc., resigned from the struggling juniors retailer.
It was announced on Sept. 30, that eBay Inc., the pioneering e-commerce market headquartered in San Jose, Calif., that had revenues of $4.4 billion in its second quarter of 2014, intends to spin off its PayPal division, which handles one in every $6 spent online, according to a PayPal statement.
San Francisco–based Amour Vert’s creative director, Linda Balti was invited to become a member of the Council of Fashion Designers of America
Boot Barn Holdings, a western apparel and footwear retailer headquartered in Irvine, Calif., wants to go public.
For 15 years, Erica Dee Thomas believed that success for her series ofboutiques, came from being community fixtures, places where fashion people could gather. Now she believes the path to success goes through her clients’ doorsteps.