RETAIL
Retail Destinations Attract Shoppers as NRF Reports In-Store Uptick
By Dorothy Crouch, Contributing Writer | December 12, 2024
This year’s total of 197 million shoppers during the popular shopping weekend beat the NRF’s forecast of 183.4 million shoppers. The 2024 total is the second-highest reported figure in the survey’s history, only after the 2023 record of 200.4 million shoppers
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.
NRF Forecasts Robust Retail Rally by Mid-2021
U.S. retail sales are forecast to make a big rally this year. Sales are expected to grow between 6.5 percent to 8.2 percent to more than $4.33 trillion, according to the National Retail Federation.
What's Checking: Indie Retailers Ramp Up Digital Commerce During Pandemic
The COVID-19 pandemic forced retailers across industries to go on a crash course developing and scaling up their e-commerce. For many in the apparel industry, this platform saved their businesses. Applying principles of convenience to allure customers to their shops, including personal styling, shopping-incentive discounts, complimentary delivery and curbside pickup, fashion businesses also relied on selling through digital boutiques.
NRF Big Show Charts How Retail Survived COVID
The National Retail Federation’s NRF 2021: Retail’s Big Show—Chapter One, an annual exposition that produces seminars and keynote addresses by industry stars, went virtual because of the COVID-19 pandemic.
Patel Named Beverly Center GM
Taubman Properties recently announced that Elvina Patel was named general manager of the high-profile Los Angeles Beverly Center, a mall that focuses on high-end fashion, such as Balenciaga, Dolce & Gabbana, Gucci, Louis Vuitton and Prada.
NTWRK Hires Colby Black of Urban Outfitters
NTWRK, a Los Angeles-headquartered mobile-first video-shopping platform, has aimed to be a pioneer in digital commerce since launching in 2018. It announced on Jan. 13 that it had hired Colby Black, an executive from Urban Outfitters, to be its first chief merchandising officer.
After 81 Years Selling Hat Supplies, Unique DTLA Shop May Close
The California Millinery Supply Co., located at 721 S. Spring St. in downtown Los Angeles’ Fashion District, sells hat-making supplies and accessories. For decades, film, television and theater productions, fashion designers and craftspeople have purchased hat frames, feathers, ribbons and veiling to make period headwear as well as new styles.
2020 Holiday Sales Beat NRF Forecasts
The National Retail Federation reported on Jan. 15 that business for the 2020 holiday season was surprisingly strong. Sales grew 8.3 percent to $789.4 billion, beating the prominent trade group’s forecast of 3.6 percent to 5.2 percent growth.
At CMC Uploaded, Dan Jablons of Retail Smart Guys Discusses Plans for 2021
Dan Jablons moonlights as an actor and appeared on the television show “Curb Your Enthusiasm” as the lawyer for comedian Larry David. But for more than 15 years he has run the Los Angeles–headquartered consultancy Retail Smart Guys.
With Holiday Sales Up, Now Retailers Must Strategize for 2021
Initial reports from the 2020 holiday season were recently released, and retail sales experienced growth during a year fraught with challenges. Retail sales charted from Oct. 11 to Dec. 24 grew 3 percent, according to Mastercard SpendingPulse, which researches consumer spending on the Mastercard payments network.
Organized Retail Theft Surges, Study Says
Organized retail crime—or shoplifting and cargo theft committed by professional thieves—has been surging, according to the 16th annual Organized Retail Crime study released Dec. 15 by the National Retail Federation trade group.
Super Saturday to Mark the Final Sprint in an Unpredictable Holiday Season
The 2020 holiday-retail season is preparing for its final run on Dec. 19, or Super Saturday. The Saturday before Christmas has traditionally been one of the busiest shopping days of the year.
2020 Retrospective, Financial Review: Pandemic and Social Unrest Set Stage for Surge in Bankruptcies
Prominent names in apparel filed for bankruptcy and closed physical stores in 2020 in the face of overwhelming challenges.
UCLA Anderson School Forecasts Economic Growth by Q2 2021
A good economy is on the horizon for the United States, but it’s going to take a long slog to get there, according to the “UCLA Anderson Forecast.”
Year in Review: Retail Tested By Pandemic and Civil Unrest in 2020
At the beginning of the year, it was predicted that the COVID-19 pandemic and United States politics were going to have an effect on retail in 2020, but there was no sense that it was going be a big shake-up.
