By Andrew Asch | November 28, 2016
More people shopped on Black Friday, but spending per person was down, according to the National Retail Federation trade group, headquartered in Washington D.C.
Two years ago, retail was buzzing with talk that the mall was dead. At the National Retail Federation’s Big Show, Rick J. Caruso, founder of The Grove retail center in Los Angeles, said that the mall was doomed.
From high-profile bankruptcies in manufacturing, shipping and e-commerce to million-dollar development projects across the Southland, 2016 was a year of stark contrasts for the apparel industry.
Retailers reported mixed sales after a rollercoaster ride for business in November.
More people shopped on Black Friday, but spending per person was down, according to the National Retail Federation trade group, headquartered in Washington, D.C.
Construction on the more than $955 million remodel of Westfield Century City in Los Angeles’ Century City neighborhood has been underway since 2013, but the luxe center recently observed a low-key debut that will be key to the center’s new look, said William Hecht, Westfield’s chief operating officer.
A 2,000-square-foot boutique for Alice + Olivia by Stacey Bendet opened its doors for business Nov. 18 at the Fashion Island retail center in Newport Beach, Calif.
Bright lights illuminate Rodeo Drive almost every night of the year. But the iconic shopping district turned the lighting even higher with its 30th Annual Beverly Hills Holiday Lighting Celebration on Nov. 20.
Temporary store showcases diverse mix of brands including Carbon38’s own Made–in–Los Angeles collections and designer collaborations.
Distinctive Apparel Inc. (DAI) has acquired catalog and online retailers TravelSmith and Chasing Fireflies from Cornerstone Brands, a division of Home Shopping Network.
Loyal longtime customers and heavy foot traffic continue to make West Third Street a retail destination in Los Angeles. Retail owners recently saw a street-wide hike in rent but still report steady business on the thoroughfare runway between La Cienega Boulevard and Fairfax Avenue in the heart of Los Angeles.
A fire in Gap Inc.’s Fishkill, N.Y., distribution center proved devastating to the retail giant. Because of the Aug. 29 fire, Gap’s October 2016 same-store sales declined 1 percent, according to a statement from the San Francisco–headquartered company.
This summer, Two Rodeo Drive—the tony Beverly Hills shopping destination that looks like a faux European thoroughfare—set up an exhibit with Galerie Michael of 12 Salvador Dali sculptures that attracted hundreds of thousands of people.
Nasty Gal, the Los Angeles online shopping site founded in 2006 by Sophia Amoruso, files for Chapter 11 bankruptcy protection with millions in debt.
After Christmas, 13 American Apparel stores will be closed in Great Britain.