By Deborah Belgum | May 19, 2016
After reporting dismal sales for its first quarter, Gap Inc. announced it is closing all 53 of its Old Navy stores in Japan and 75 Banana Republic stores in mostly overseas locations as it concentrates on other geographies.
The results are in. Holiday sales are up 3 percent over last year.
Department-store giant Macy’s Inc. reported a soft holiday sales season.
Official opened a branded boutique in Los Angeles.
When the luxe mixed-use development Platform makes a formal debut in April, it hopes to shake up the area around the bustling restaurant and art-gallery neighborhood of downtown Culver City, Calif.
Derek Wong started a fashion career printing T-shirts. But when it came time to move on to his next project, Wong didn’t feel like going high-end or designer. He saw opportunity in thrift.
As many boutiques were anticipating the winter holiday retail season winding down, made-in-Los Angeles brand Avocado was just getting started. It opened its first store on Dec. 22.
The reports for the 2016 holiday retail season are in, and the news is mixed.
The holiday retail season ended up being good for the apparel business, according to a statement released by MasterCard Spending Pulse on Dec. 28, the market research group tracks spending in the MasterCard payments network.
The Retail News of 2015
After months of negotiations, the former owners of the edgy and hip Oak NYC stores have reached an agreement to buy back their small retail chain from American Apparel.
Retail on the high-end streets around the Los Angeles area are starting to buzz with shopping crowds not seen since the economy took a dip in 2008.
Gap Inc.’s operations are impressive. The San Francisco–headquartered retailer says that its product is sold in 3,300 company-owned stores across the globe. In 2014, its net sales were $16.4 billion.
Nordstrom Inc. has been hard at work in Southern California in 2015. Nordstrom opened a new full-line shop at Del Amo Fashion Center this year and announced two other new full-line stores.
Kitson, the boutique chain that pioneered high-end shopping on Los Angeles’ Robertson Boulevard and pop-culture retailing, is going out of business, according to a statement sent by the retailer’s public-relations representative.
made a debut during the year.