By Andrew Asch | March 9, 2017
In September 2015, Westfield unveiled a $350 million The Village at Westfield Topanga project adjacent to its luxe Westfield Topanga mall, 26 miles northwest of downtown Los Angeles. While wrapping up this project, the international mall giant was in the midst of planning an even bigger project in the Topanga area.
2016 In Memoriam
2016's Retail News
A new Fred Segal is coming to the Los Angeles area.
Many retailers were sitting on the fence before the presidential elections to see which way the political gate was going to swing. But now that Donald Trump has been elected to take office in January, retailers are out shopping for shops.
On Dec. 13, The Buckle Inc. announced a deal with Affliction, the Seal Beach, Calif.–based brand, to be the exclusive retailer for the brand’s collection inspired by the “Fast and Furious” film franchise. The announcement might be a good way to end 2016. It’s been a rough ride for the Kearney, Neb.–headquartered retailer.
For the past seven years, sales for off-price retail have been surging. These retailers typically offer goods at 20 percent to 60 percent off the retail price, and 2016 was another banner year for two of the biggest retailers in the market: Ross Stores Inc. and The TJX Companies.
Canadian retailer Aritzia is giving Los Angeles a preview of its contemporary looks.
Two years ago, retail was buzzing with talk that the mall was dead. At the National Retail Federation’s Big Show, Rick J. Caruso, founder of The Grove retail center in Los Angeles, said that the mall was doomed.
From high-profile bankruptcies in manufacturing, shipping and e-commerce to million-dollar development projects across the Southland, 2016 was a year of stark contrasts for the apparel industry.
Retailers reported mixed sales after a rollercoaster ride for business in November.
More people shopped on Black Friday, but spending per person was down, according to the National Retail Federation trade group, headquartered in Washington, D.C.
More people shopped on Black Friday, but spending per person was down, according to the National Retail Federation trade group, headquartered in Washington D.C.
Construction on the more than $955 million remodel of Westfield Century City in Los Angeles’ Century City neighborhood has been underway since 2013, but the luxe center recently observed a low-key debut that will be key to the center’s new look, said William Hecht, Westfield’s chief operating officer.
A 2,000-square-foot boutique for Alice + Olivia by Stacey Bendet opened its doors for business Nov. 18 at the Fashion Island retail center in Newport Beach, Calif.
Bright lights illuminate Rodeo Drive almost every night of the year. But the iconic shopping district turned the lighting even higher with its 30th Annual Beverly Hills Holiday Lighting Celebration on Nov. 20.