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Home Shopping Network is Being Acquired by QVC
By Deborah Belgum | July 6, 2017
Two big television shopping cable networks will now be one.
Bebe Sells Distribution Center and Puts LA Design Center Up for Sale
After closing all 168 stores, Bebe sells distribution center and now wants to get rid of its LA design studio.
Retail Sales Tough in May
Retail sales reports for May were downbeat. Cato Corp., a Charlotte, N.C.–headquartered retailer, had a particularly tough month when it posted a same-store-sales decline of 16 percent.
Kors to Close Stores
Michael Kors Holdings Ltd., the New York–based ready-to-wear and accessories brand founded by designer Michael Kors, announced on May 31 that it would close more than 100 stores.
New Project for L.A. Arts District Pioneer Guerilla Atelier
In 2012, Carl Louisville quit a job running the Prada Epicenter store on Rodeo Drive, where he got to socialize with Miuccia Prada and Hollywood A-listers. Post Prada, he opened a luxury store in a section of Los Angeles adjacent to homeless encampments in the city’s tough Skid Row section.
The Credit- and Debit-Card Business Is Booming
Credit, debit and prepaid cards in 2016 saw a purchase volume increase of 7 percent based on a year-over-year comparison, according to The Nilson Report, a Carpinteria, Calif.–based trade publication reporting on the payments industry. In America, credit, debit and prepaid cards’ purchase volume reached $5.648 trillion in 2016.
Leading the Los Angeles Fashion District in a New Era
Every day, seven tons of trash are collected in the Los Angeles Fashion District, up from six tons a day last year.
Aussie Retailer Showpo to L.A.
When Sydney entrepreneur Jane Lu started posting pictures of fast-fashion styles on social-media sites for her Australian e-commerce label, Showpo, she was surprised that she got interest from California.
Reformation Brings Eco, Tech Store Concept to L.A.
Reformation made fashion headlines in Northern California this year when it opened an eco-friendly boutique that featured retail tech such as touchscreens. The women’s fashion line recently announced that it will bring its new store concept to its hometown of Los Angeles.
Department Stores Report Declines for the First Quarter
Several department stores reported results for their first-quarter earnings on May 11, and the results included steep same-store declines for Macy’s Inc. and Dillards Inc.
Bebe Stores Resolves Store Leases and Skirts Bankruptcy
Bebe Stores settles store lease problems with landlords to move forward.
April Sales Bring Better Biz
After a tough beginning of the year, April proved to be a good month for retailers.
Paige Charts Stylish Path With New Stores
A few months after the Paige brand introduced its first design collaboration, Rosie HW X Paige, the Los Angeles–headquartered premium-denim brand, is embarking on a retail rollout.
Bachrach Clothing Stores File for Bankruptcy Protection in Los Angeles
In the wake of several recent retail bankruptcies, the wave of clothing store troubles just keeps coming.
Analysts Talk Retail Survival in a Time of Change
For the past few months, fashion websites have been passing around forecasts that more than 3,000 stores are scheduled to shutter in the United States. Jeff Van Sinderen, a retail analyst for B. Riley & Co. in Los Angeles, predicts the number of store closures will be even higher.
