By Andrew Asch | July 12, 2018
After an extensive renovation, Louis Vuitton reopened its flagship store on July 11 at South Coast Plaza in Costa Mesa, Calif.
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.
Expect a good business year in 2018.
Since August, designer Maya Reynolds, whose brands include Clade and Uncommon Thrds, has ventured into the cryptocurrency world by doing a handful of sales in bitcoin.
After six years of running a boutique in an established retail neighborhood in Los Angeles’ Echo Park area, Whitney Bickers rolled the dice and moved her shop, Myrtle, to a new neighborhood that has yet to register on many fashion-savvy people’s radars.
Levi Strauss & Co. is planning to open 100 new stores this year, mostly outside of the United States, as it concentrates on international sales and building markets in China, India and the Americas.
Rescue operations in the south of France were called off in the search for Pierre Agnes, the 54-year-old chief executive of Boardriders Inc., the parent company of Quiksilver, Roxy and DC Shoes in Huntington Beach, Calif.
Downtown Los Angeles has experienced an unprecedented revival over the past five years with big swatches of the district being transformed from blighted streets to neighborhoods buzzing with new restaurants, boutique hotels and now an onslaught of high-end streetwear stores.