By Andrew Asch | May 10, 2018
After a 15-year run on luxe shopping street Rodeo Drive, Brooks Brothers is scheduled to move from its two-story building on Aug. 1, with the property being put up for sale for $300 million.
After a 12-year run, the Kardashians are closing up shop and getting out of the retail-store business.
Last year, Kore Collective formally launched its business with a website that focused on emerging and established activewear brands for the fitness buff who wants everything cool in workout gear.
This year, teens in the United States spent 38 percent of their shopping time at traditional department and specialty stores—down 3 percent from last year—while 19 percent of their shopping time was spent online compared with 17 percent last year. Amazon.com retained its position as the top online marketplace for teens.
Retail sales for March faced some obstacles this year, but they came in better than expected.
Vacancy is common for most retail streets under attack from e-commerce competitors, but not Rodeo Drive. There is hardly a vacant space on the hoity-toity retail shopping district in Beverly Hills, Calif. When real-estate news is made on the street, it makes a splash.
For retailers, 2018 is going to be another year for big discounts as consumers see their wallets shrink from rising healthcare costs that are eating into their discretionary income.
After five years of working to rehab The Bloc retail center in downtown Los Angeles, The Ratkovich Co. has sold its interest in the venture to its partner, National Real Estate Advisors, for an unspecified amount. Blue Vista Capital remains on board.
The lingerie label Honey Birdette started out in Australia in 2006 as a tiny boutique in Brisbane’s West End—a hip area known for its bars and ethnic restaurants. Over time, the label grabbed people’s attention by selling to bachelorette parties that visited the store.
Desert Hills Premium Outlets, the gargantuan outlet mall between Los Angeles and Palm Springs, recently announced it would be adding 5,000 square feet of retail space at its shopping center in Cabazon, Calif.
Guess? Inc., the decades-old denim and lifestyle label, no longer counts on the United States for the bulk of its sales.
The days of selling clothing on e-commerce with still photographs are considered boring to Tina and Bryan Moore, who recently launched the e-platform TalkShopLive.
February was a very good month for sales. The National Retail Federation reported that retail sales last month rose 4.4 percent year-over-year as the economy continued to grow.
In 2020, consumers will increasingly be doing business by smartphone while retailers will depend more on artificial intelligence and virtual reality to produce retail experiences. Young consumers will be more likely to support businesses imbued with a sense of activism, such as Patagonia.
After a 30-year run in Santa Monica, Calif., the flagship store for the Allen Schwartz label has closed its doors.
Off-price retailer Ross Stores Inc. reported a very good fourth quarter in fiscal 2017.