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Gap Inc to Close 175 Stores

By Andrew Asch | June 15, 2015

Gap Inc. will close 175 stores, mostly in North America, including 140 stores which will shutter this year. A limited number of stores will be closed in Europe.

Hot Topic Outbid on Geeknet Deal

Hot Topic Inc. was jilted at the altar June 2, when Geeknet, Inc. an online retailer of licensed merchandise based in Fairfax, Va., announced that it would not go through with a deal, which was announced on May 26, with the Los Angeles area mall retailer.

PacSun Reports Decline For First Qtr of 2015

Pacific Sunwear of California, the casualwear retailer whose customers are teenagers and young adults, reported its first decline in quarterly sales in more than three years.

Long Career Based on a Small Machine

Long Career Based on a Small Machine

In a world where retailers are increasingly relying on complex technology, Fernando Adames believes that a simple, mid-20th-century machine is all that is needed to give a boutique an added edge.

Seafolly to Open in La Jolla

Australian swimwear brand Seafolly is increasing its bid for the U.S. market. It is scheduled to open its second American store on May 30. It will be located at Westfield UTC retail center in La Jolla, Calif.

Former Agenda Head to Run Karmaloop

Seth Haber, a former partner with Agenda trade show, headquartered in Los Angeles, is heading to the retail side of the streetwear business.

Hot Topic to Acquire Geeknet

On May 26, the Los Angeles–based retailer announced that it had entered into an agreement to acquire Geeknet Inc., an online retailer and wholesaler of merchandise licensed from TV shows, movies and other media with science-fiction, superhero and fantasy themes. Geeknet is headquartered in Fairfax, Va.

Onyx Creative Looks for New Brands Around The World

Onyx Creative Looks for New Brands Around The World

The site www.onyx-creative.com curates fashion, jewelry and homeware brands from around the world. Some brands are Nüera, a California swim brand; Handsome Me, an Australian men’s brand; and Pulse, a Romanian womenswear brand.

Downtown LA Retail Holds Promise, But No Guarantees for Success

Downtown LA Retail Holds Promise, But No Guarantees for Success

Almost every night, bars and restaurants are hopping in downtown Los Angeles, a once-blighted area that is going through an unparalleled boom, but boutique retailers don’t feel like they entirely share in the city’s new prosperity.

American Apparel Files Lawsuit Against Charney for Alleged Breach of ‘Standstill Agreement’

American Apparel Files Lawsuit Against Charney for Alleged Breach of ‘Standstill Agreement’

The fight between American Apparel and its founder, Dov Charney, continued with a lawsuit the manufacturer filed on May 15 in the Delaware Court Of Chancery against the ousted chief executive officer, alleging Charney violated a “standstill agreement” he had with American Apparel.

Historic Building to Be New WSS Flagship

Historic Building to Be New WSS Flagship

The new flagship for WSS was a real fixer-upper, but the end result is a historic showplace for the Los Angeles–headquartered footwear retailer.

Cherokee Acquires Everyday California

Sherman Oaks, Calif.–based Cherokee Global Brands has acquired San Diego–based casual lifestyle brand Everyday California.

American Rag’s Chinese Fashion Diplomacy

American Rag’s Chinese Fashion Diplomacy

This summer, American Rag Cie is scheduled to open its first shop in China, and it will be stocked with many of the brands currently sold in American Rag’s high-profile shops in Los Angeles and Newport Beach, Calif.

LA City Council Votes to Raise Minimum Wage

Los Angeles City Council members voted in favor of a minimum wage hike from its current $9 per hour to $15 per hour by 2020.

Caruso to Start Campaign for Carlsbad Project

Rick Caruso, the founder and chief executive officer of Caruso Affiliated, laid his cards on the table on May 12. He held a press conference outlining his plans for a Caruso project in Carlsbad.

New Retail Center Bows in L.A. County

New Retail Center Bows in L.A. County

Planet Blue, Lucky Brand and Michael Stars are scheduled to open stores at The Point, Los Angeles County’s newest retail center, which is scheduled to take a bow on July 30.