Holiday Sales To Increase 4.1 Percent Despite Challenges, Forecast Says

By Andrew Asch | November 13, 2014

Economic indicators point toward an increase in sales, 4.1 percent, for the upcoming winter holiday season, Kimberly Ritter-Martinez, an economist for the Los Angeles County Economic Development Corp., said during a 2014 holiday retail panel at the Glendale Galleria mall in Glendale, Calif., on Nov. 13.

Back to School’s Retail Surge

The Back-to-School season made business surge in August, according to the International Council of Shopping Centers.

Making Sales on Social Media Elusive, But Intriguing

Making Sales on Social Media Elusive, But Intriguing

After a decade of building audiences and communities, many think that social-media sites should be able to transform into a giant cash register.

Bebe Hires Jimenez for New Direction

For more than 30 years, Bebe Stores Inc. has cultivated a niche as the mall-based clothier for the woman who loves nightclubs and la dolce vita, but during a Sept. 4 conference call, Jim Wiggett said that his company planned to expand its offerings beyond clothes for going out.

Wet Seal Hoping to Turn Fortunes with New Executive Team

The Wet Seal Inc. will start the Back-to-School season under new leadership with the Foothill Ranch, Calif.–based retailer’s second major change in 18 months.

Neiman Marcus to Anchor Hudson Yards Development in New York

Hudson Yards, the mixed-use $20 billion development on the west side of New York’s Manhattan borough, will have a high-profile anchor when Neiman Marcus opens its first New York store in the center in 2018.

Wet Seal: New CEO, New Chairman

The Wet Seal Inc. announced on Sept. 3 that John D. Goodman, who has served as the Foothill Ranch, Calif.–based retailer’s chief executive officer since January 2013, will leave the company and be replaced on Sept. 8 by Edmond Thomas, who is returning to Wet Seal for a second term.

PacSun Reports 2nd Quarter

Pacific Sunwear of California reported a 0.3 percent increase in same-store sales for the second quarter of its fiscal 2014 year.

Guess? Net Earnings Drop By Half

Guess? Inc. reported that its net earnings dropped 50.5 percent for the second quarter of fiscal 2015 and that it will be closing stores.

Oak Opens on L.A.’s Beverly Boulevard

Oak Opens on L.A.’s Beverly Boulevard

On Aug. 14, a big nightclub-ready crowd showed up for an opening-night party to celebrate the new store, which is the second Oak to open in Los Angeles.

Billabong Sells

Australian surfwear giant Billabong International Ltd. announced on Aug. 20 that it will sell its e-commerce businesses,, headquartered in Irvine, Calif., and, which is based in Australia.

Gap Stores Headed for Expansion in India

Gap Inc. plans to tap into the purchasing power of 1.2 billion people in India with the debut of 40 franchised stores that will open next year.

Opening in Vegas

Opening in Vegas

Fred Segal, a pioneer and landmark of Southern California’s boutique scene, will take its first bow outside of Los Angeles County.

Whats Checking: Santa Monica’s Montana Avenue: Luxe and Local

Whats Checking: Santa Monica’s Montana Avenue: Luxe and Local

Off the beaten path and unfamiliar to most tourists, Montana Avenue is a 10-block stretch on the north side of Santa Monica, Calif., where locals lead active lifestyles and like to shop local. With an even balance of corporate retailers and independent boutiques, most shops cater to an upscale crowd, as reflected by the surrounding neighborhood.

The Fight Against Retail and Cyber Crimes: Better Cards, Better Security

Cyber crimes are skyrocketing—there are estimates that more than $3.5 billion in fraud was committed online in 2013—but security organizations protecting retailers and consumers are pushing back.

Stanford Shopping Center Gets Makeover

Stanford Shopping Center, a Simon-owned mall located across the street from Stanford University, is in the midst of a big renovation.