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.
The Back-to-School season made business surge in August, according to the International Council of Shopping Centers.
After a decade of building audiences and communities, many think that social-media sites should be able to transform into a giant cash register.
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.
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.
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.
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.
Pacific Sunwear of California reported a 0.3 percent increase in same-store sales for the second quarter of its fiscal 2014 year.
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.
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.
Australian surfwear giant Billabong International Ltd. announced on Aug. 20 that it will sell its e-commerce businesses, Swell.com, headquartered in Irvine, Calif., and SurfStitch.com, which is based in Australia.
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.
Fred Segal, a pioneer and landmark of Southern California’s boutique scene, will take its first bow outside of Los Angeles County.
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.
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, a Simon-owned mall located across the street from Stanford University, is in the midst of a big renovation.