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.

Twitter Launches the Buy Button

Twitter’s move into business has been anticipated for more than a year, and on Sept. 8, it became official. The social-media site unveiled a “buy” button, which will allow people to make online purchases without leaving the site.

Shawmut Wraps Up Rodeo Projects With Louis Vuitton, Saint Laurent, Gucci

Boston-headquartered construction company Shawmut Design and Construction has worked on many projects on iconic shopping street Rodeo Drive over the years, including the building of shops Tory Burch, Tom Ford and Jimmy Choo.

Thomas Announces Plans to Re-merchandise Wet Seal

A week after juniors retailer Wet Seal Inc. announced that Ed Thomas would return as its chief executive officer, Thomas presided over a conference call with Wall Street analysts on Sept. 10.

The Hundreds Gets Huger

The Hundreds Gets Huger

The Hundreds’ 400-square-foot boutique was closed for renovations and expansion, said Bobby Kim, a co-founder of the popular brand. It is taking over the two adjacent storefronts and will reopen in the fall.

Kitson to Open New Stores

After opening a 15,000-square-foot Las Vegas emporium on March 28, Los Angeles–headquartered boutique chain Kitson is on the move again.

Planning a Santa Monica Store at South Coast Plaza

Planning a Santa Monica Store at South Coast Plaza

With a performance by Taiko drummers, Larry Meyer, chief executive officer of Uniqlo USA, opened the doors of the Uniqlo emporium on Sept. 5 at South Coast Plaza retail center in Costa Mesa, Calif.

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.