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 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.
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.
After a 30-year run in Santa Monica, Calif., the flagship store for the Allen Schwartz label has closed its doors.
Off-price retailer Ross Stores Inc. reported a very good fourth quarter in fiscal 2017.
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.
February was a very good month for retailers, who reported strong sales across the board.
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.
The savings from the recently passed federal tax relief bill won’t necessarily turn into retail sales this year.
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.
Centuries-old Bachrach menswear stores is closing all its outposts across the country.
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.
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.
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.
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.
For U.S. retailers, 2018 started out on a positive note.