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.
A good economy is on the horizon for the United States, but it’s going to take a long slog to get there, according to the “UCLA Anderson Forecast.”
At the beginning of the year, it was predicted that the COVID-19 pandemic and United States politics were going to have an effect on retail in 2020, but there was no sense that it was going be a big shake-up.
The official holiday-shopping season began the day after Thanksgiving with Black Friday on Nov. 27 and continued into Cyber Monday on Nov. 30, with e-commerce experiencing strong gains as retailers and consumers continue to experience challenges.
A unanimous Los Angeles City Council vote recently gave a green light for final plans of Promenade 2035, a more-than-$1-billion mixed-use project that is scheduled to be constructed on the site of the now-shuttered Promenade retail center in Los Angeles’ Woodland Hills neighborhood.
COVID-19 cases have surged in Los Angeles County, putting the area’s residents and businesses on edge just before Black Friday, the traditional start of the holiday-shopping season.
Holiday retail sales will increase between 3.6 percent and 5.2 percent, to between $755.3 billion and $766.7 billion compared to the 2019 holiday season, according to a forecast released Nov. 23 by the National Retail Federation trade group.
Since 1995, Planet Blue has sold swimwear and contemporary, beach-inspired styles with a bohemian edge for women at its bricks-and-mortar stores and on its digital channel, shopplanetblue.com. Earlier this month, the shop announced through email and its social-media channels that it would be closing its 12 physical shops while maintaining an e-commerce presence.
Produced by NuOrder, a Los Angeles–headquartered wholesale e-commerce platform, the recently released “Future of Wholesale” survey reported that wholesale will continue to be an important market, said Adam Schneider, NuOrder’s chief operations and financial officer.
With good news from the retail front regarding October sales numbers, economists are optimistic that consumers, who have been actively shopping—such as those pictured at Commerce, Calif.’s Citadel Outlets—and spending, will continue this momentum throughout holiday 2020.
National trade groups representing retailers and apparel manufacturers sent congratulations and pledges to work with the incoming Biden-Harris administration shortly after last week’s election in the United States.
The Broadway Trade Center was one of the most ambitious projects for revitalizing downtown Los Angeles and bringing high-end retail to a once-blighted urban center. But after COVID-19 and civil unrest, the project has been put up for sale.
2020 has been a year like none other in recent memory, but despite the big issues of a divisive election and an economic slowdown driven by a pandemic, economic forecasters working with the National Retail Federation and Deloitte are predicting solid business during the 2020 holiday season.
During its expansion throughout the western United States, Italy’s Calzedonia Group recently opened storefronts shared with its Intimissimi brand.
Susan Merrill, a vice president of business and client development for prominent market-research company The NPD Group, was named president of the group’s United States apparel practice, according to Joanne Sackett, president of The NPD Group’s soft-lines sector in an Oct. 27 announcement.
The True Religion brand emerged from a Chapter 11 bankruptcy on October 19, according to a statement from Michael Buckley, the company's chief executive officer.