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High-end Stores Opening on Robertson Boulevard

By Andrew Asch | June 14, 2018

Robertson Boulevard used to be one of Los Angeles’ high-flying retail corridors but started to suffer once the economy took a tumble in 2008. But a couple of high-end stores have recently signed leases for space on the street.

February Retail Sales See Solid Jump

February was a very good month for sales. The National Retail Federation reported that retail sales last month rose 4.4 percent year-over-year as the economy continued to grow.

Trend Forecaster WGSN Paints a Picture of the Future Consumer

In 2020, consumers will increasingly be doing business by smartphone while retailers will depend more on artificial intelligence and virtual reality to produce retail experiences. Young consumers will be more likely to support businesses imbued with a sense of activism, such as Patagonia.

Allen Schwartz Closes Flagship Store

After a 30-year run in Santa Monica, Calif., the flagship store for the Allen Schwartz label has closed its doors.

Ross’ Fourth-Quarter Sales Climb

Off-price retailer Ross Stores Inc. reported a very good fourth quarter in fiscal 2017.

Westside Pavilion to be Remodeled Into Offices

Facing a future as a mall with no traditional anchors, Los Angeles’ Westside Pavilion will be undergoing a major revamp to turn it into creative offices.

Retail Sales Up in February

February was a very good month for retailers, who reported strong sales across the board.

Gap Inc. Moves in a Positive Direction Seen in Fourth-Quarter Earnings

There was no gap in the financial results reported on March 1 by Gap Inc. The San Francisco–based retailer—one of the largest in the United States—saw a huge jump in net earnings for the year and even experienced positive same-store sales in the fourth quarter for all its various nameplates except for the Gap stores.

Tax Survey Finds More Consumers Will Save Their Refund

The savings from the recently passed federal tax relief bill won’t necessarily turn into retail sales this year.

UBM Sells MR Magazine and Sister Publications

UBM—the parent company of UBM Fashion, which organizes various apparel and footwear trade shows in Las Vegas, New York and other venues—has sold MR Magazine to Wainscot Media, based in Montvale, N.J.

Bachrach Menswear Stores Closing After Filing for Second Bankruptcy

Centuries-old Bachrach menswear stores is closing all its outposts across the country.

Growth Slows in Key Fashion Categories

Business driven by millennials, athleisure styles and e-commerce resulted in $215 billion in U.S. apparel sales in 2017, according to market-research firm The NPD Group.

Gap Brand President Steps Down

Jeff Kirwan, the president and chief executive officer of Gap Inc.’s namesake Gap brand, will leave the company, it was announced on Feb. 20.

Freede Named MadaLuxe Group’s CEO

MadaLuxe Group, the Seal Beach, Calif.–headquartered company that distributes luxury goods in off-price and full-line channels, has named Adam Freede its chief executive officer. He was previously president of the company.

Macerich Sees Lower Revenues but Solid Vacancy Rates

The Macerich Co., a real estate investment trust that owns interests in 48 regional shopping centers, said its annual revenues for 2017 were down a little more than 6 percent while its net income slipped dramatically.

Retail Sales Push Year To Good Start

For U.S. retailers, 2018 started out on a positive note.