By Andrew Asch | January 15, 2015
Sales for the winter holiday season increased 4 percent to $616.1 billion, according to the National Retail Federation, slightly missing forecasts.
Jim Wiggett was named as the permanent chief executive officer for Bebe Stores Inc.
On July 1, the minimum wage in California increased from $8 per hour to $9 per hour, the first increase in California’s minimum wage since 2008. In 2016, the minimum wage will increase to $10 per hour,
High-end shopping has been part of the Las Vegas Strip experience for years, but 2014 was the first time Los Angeles retail came to the strip.
This was a big year for remodels and construction of new buildings on Rodeo Drive, often considered the most exclusive of luxury shopping districts in Southern California.
On the heels of the Nov. 21 debut of the hip e-commerce emporium’s debut of its first physical shop at 8115 Melrose Ave. in Los Angeles, it’s getting ready to open another boutique. The second shop will be located at 1254 Third Street Promenade in Santa Monica, Calif. It was the former site of a MNG by Mango.
The Ace Hotel was one of the most highly anticipated projects to open in the Los Angeles Fashion District.
From the sale of trade show giant Advanstar to the high-profile federal raid on Los Angeles Fashion District businesses, 2014 was a year of surprises and contrasts.
SwimSpot, the swimwear retailer owned by Raj Manufacturing, named Rose Jannuzzi senior vice president of operations.
During a conference call on Dec. 10, executives of The Wet Seal Inc., discussing third-quarter results, raised the possibility of a company bankruptcy.
California is on a steady course to see job growth outpace the U.S. economy through the end of 2016, eventually driving down the state unemployment to 5.6 percent during that period. That is considerably lower than the 7.3 percent recorded in October.
Reviving a long-gone movie theater, introducing unique, boutique retail, building a park; these are some of the new features that Rick J. Caruso plans to bring to his proposed Palisades Village development in Los Angeles’ exclusive Pacific Palisades enclave.
Plans for The Bloc, the 1.8 million-square-foot, mixed-use shopping center in downtown Los Angeles are taking shape with a remodel planned for the center’s Macy’s store and new tenants signing on to open in 2015.
Shopping-center juggernaut Westfield wrapped up a $20 million renovation of its Westfield Santa Anita mall in Arcadia, Calif., on Black Friday.
Black Friday sales results disappointed, but overall retail business for the month of November generally pleased retailers and Wall Street analysts.
Retail analysts forecast a lull in business in weeks following the big deals and buzz of Black Friday, generally considered the kickoff of the winter holiday retail season. Business is predicted to skyrocket sometime before Dec. 20, Super Saturday, the weekend before Christmas.