FASHION
Gap to Celebrate 55th Anniversary With New NYSE Ticker Symbol
By Dorothy Crouch, Contributing Writer | August 15, 2024
Gap turns 55 on Aug. 22, marking the anniversary of the opening of the brand’s original store on Ocean Avenue in San Francisco, so, to observe the occasion, the company will change from its original NYSE ticker symbol GPS to GAP.
Following Redevelopment, Manhattan Village Brings in gorjana as New Tenant
As the elevated, predominantly open-air, mixed-use Manhattan Village, located in Manhattan Beach, Calif., continues to welcome new tenants following its $250 million redevelopment, Southern California jewelry brand gorjana announced its grand opening at the center.
PacSun Partners With BitPay to Accept Cryptocurrencies
Recently,Anaheim, Calif.–based PacSun announced a partnership with leading blockchain payment provider BitPay that will allow the Southern California–lifestyle brand’s customers to pay for their purchases with cryptocurrency.
DUER Opens Its Second U.S. Store
Vancouver-based performance-apparel brand DUER has opened its second U.S. bricks-and-mortar location and chose Los Angeles as the site.
Tailored Brands Announces New Chief Technology Officer
Menswear-retail holding company Tailored Brands, Inc.,headquartered in Houston and Fremont, Calif., and includes in its portfolio Men’s Wearhouse, Jos. A. Bank, Moores Clothing and K&G Fashion Superstore, has announced Scott Vifquain as its new executive vice president and chief technology officer.
ABG to Acquire Reebok From Adidas
Authentic Brands Group, a global brand owner, marketing and entertainment company, announced on Aug. 12 that it had entered into a definitive agreement to purchase Reebok from Adidas.
Foot Locker Broadens Market on West Coast With Acquisition of WSS
Foot Locker, Inc., the New York–based specialty-athletic retailer, has entered into a definitive agreement to acquire Eurostar, Inc., or WSS, for $750 million. The transaction will be funded with Foot Locker’s available cash.
Back-to-School Landscape Evolves Post-Pandemic in Spending, Trends, Thinking
As the apparel industry continues to recover from the COVID-19 pandemic and normalcy returns more each day, the back-to-school season is in full swing and even had a jumpstart this year with new trends, record spending, and a shift in buying power and consumer thinking.
Klarna Acquires APPRL, Expands Reach to Global Consumers
Klarna, a leading global retail bank, payments and shopping service, has announced the acquisition of APPRL, a SaaS platform that allows content creators and retailers to work together frictionlessly to bring immersive and informative shoppable content to global consumers.
Duer Forges Ahead Post-Pandemic With New Los Angeles Location
After a year of shuttering stores and a decline in retail numbers, Duer is betting on bricks-and-mortar as the way to go. The performance-apparel brand recently announced that it would open its newest location in early September.
PacSun Ventures Into Resell Market With PS Reserve
PacSun is diving into the resell market with its first-ever resale initiative—PS Reserve.
Amazon Shines Spotlight on Private Labels for Prime Day
The annual event all Amazon Prime members look forward to every year—Prime Day—took place June 21–22. The famed, almost holy, day that launched in 2015 is rife with big deals and incredible savings on everyday items from fashion and furniture to electronics. The 2021 Prime Day began at 12 a.m. PDT on June 21 and offered more than 2 million deals in more than 20 categories of items over 48 hours of epic savings.
A Unique Blend of Community, Commerce at The Shops at Sportsmen’s Lodge
A historically rich Studio City, Calif., site will experience a renewal as The Shops at Sportsmen’s Lodge welcomes visitors during late summer or early fall 2021 following a $100 million redevelopment. The 95,000-square-foot space will replace the property’s formerly occupied meeting-and-convention area.
DJM Recapitalizes Lido Marina Village, Updates Center’s Looks, Stores
DJM, a lifestyle-retail-center developer with offices in Los Angeles and San Jose, Calif., recently announced a $70 million recapitalization of its Lido Marina Village retail center in Newport Beach, Calif.
Moss Adams Evaluates Pandemic World
After a harsh year navigating COVID-19, retailers will be greeted by a robust economy in the third and fourth quarters of 2021, said Frank Kaufman, national practice leader in retail for the accounting and consulting firm Moss Adams.
Fred Segal, Retail Innovator, 87
Fred Segal was considered the founder of the specialty-retail approach that ushered in an influential Los Angeles and California sense of cool. He died Feb. 25 in Providence Saint John's Health Center in Santa Monica, Calif.
