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RETAIL

Tiniest Flagship

By Andrew Asch | December 18, 2014

Alexander Khater,owner/creative director of the 2-year-old downtown Los Angeles brand LAEX, planned to turn conventional wisdom on its head with the firstLAEX flagship, which opened Dec. 8 at 218 W. Eighth St., on the corner of Broadway, in downtown Los Angeles.

Gap Expanding Old Navy in Middle East

San Francisco–based Gap Inc. signed deals to open Old Navy stores in six countries in the Middle East next year.

Active: New President, Plan for Growth

Rick Mina, former chief executive officer and president of Foot Locker North America, was named president of Active Ride Shop, a 21-store chain headquartered in Rancho Cucamonga, Calif., that is devoted to action-sports brands.

DTLA Boutique Takes a Bow

DTLA Boutique Takes a Bow

After working as a senior buyer at American Rag, a head designer at Joe’s Jeans and a director of merchandising at Planet Blue, the next step for Jennifer Althouse was to open a high-end, multi-brand women’s boutique in downtown Los Angeles.

Wet Seal Announces Job Cuts

The Wet Seal Inc. announced on Oct. 14 that it would eliminate 78 jobs as part of the beleaguered retailer’s cost-savings plan.

September Sales Show Strength and Weakness

September looked good for retail sales, according to the International Council of Shopping Centers.

Forecast Bright for Holiday, But Analysts and Consumers Uneasy

Economists for the NRF, the largest retail trade group in America, forecast good business for the crucial holiday season. NRF released a forecast on Oct. 7 that predicts sales in November and December will increase 4.1 percent to $616.9 billion.

Gap’s Murphy Resigns

Glenn Murphy, Gap Inc.’s chief executive officer and chairman, announced his resignation from the company on Oct. 8.

NRF Forecasts 4.1 Percent Increase in Christmas Sales

Expect a good Holiday season, according to a National Retail Federation forecast.

Wet Seal’s Veteran CFO Resigns

Steven H. Benrubi, the long-serving chief financial officer of The Wet Seal Inc., resigned from the struggling juniors retailer.

eBay and PayPal to be Separate Companies

It was announced on Sept. 30, that eBay Inc., the pioneering e-commerce market headquartered in San Jose, Calif., that had revenues of $4.4 billion in its second quarter of 2014, intends to spin off its PayPal division, which handles one in every $6 spent online, according to a PayPal statement.

Making Eco Fashion Stylish and Profitable

Making Eco Fashion Stylish and Profitable

San Francisco–based Amour Vert’s creative director, Linda Balti was invited to become a member of the Council of Fashion Designers of America

Western Wear Shop Boot Barn Files IPO

Boot Barn Holdings, a western apparel and footwear retailer headquartered in Irvine, Calif., wants to go public.

Specialty Boutiques, Major Retailers Try New Mix of Specialty and E-Commerce

For 15 years, Erica Dee Thomas believed that success for her series ofboutiques, came from being community fixtures, places where fashion people could gather. Now she believes the path to success goes through her clients’ doorsteps.

Sundance at 25: Brand Building With a Curatorial Eye

Sundance at 25: Brand Building With a Curatorial Eye

The Sundance Catalog is celebrating its 25th anniversary this year with a series of one-of-a-kind products and a sweepstakes drawing for an all-expenses-paid trip to the Sundance Resort in Salt Lake City.

Wet Seal Announces New Digital Czar

The Wet Seal Inc. created a new position, chief digital officer, to increase its e-commerce, which is one of the brightest spots if its business.