FINANCE
Los Angeles’ Major Shopping Destinations Welcome the Winter Holidays
By Dorothy Crouch, contributing writer | November 30, 2023
Many of Los Angeles’ most popular retail centers held events throughout November to mark the beginning of the 2023 holiday season...
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.
Digital Commerce Grows in a Black Friday Marked by Change
The official holiday-shopping season began the day after Thanksgiving with Black Friday on Nov. 27 and continued into Cyber Monday on Nov. 30, with e-commerce experiencing strong gains as retailers and consumers continue to experience challenges.
Promenade 2035 to Offer More Retail in Woodland Hills
A unanimous Los Angeles City Council vote recently gave a green light for final plans of Promenade 2035, a more-than-$1-billion mixed-use project that is scheduled to be constructed on the site of the now-shuttered Promenade retail center in Los Angeles’ Woodland Hills neighborhood.
Will the COVID Surge Affect Black Friday?
COVID-19 cases have surged in Los Angeles County, putting the area’s residents and businesses on edge just before Black Friday, the traditional start of the holiday-shopping season.
Holiday Sales Forecast Strong, According to NRF
Holiday retail sales will increase between 3.6 percent and 5.2 percent, to between $755.3 billion and $766.7 billion compared to the 2019 holiday season, according to a forecast released Nov. 23 by the National Retail Federation trade group.
Planet Blue to Close Its Bricks-and-Mortar
Since 1995, Planet Blue has sold swimwear and contemporary, beach-inspired styles with a bohemian edge for women at its bricks-and-mortar stores and on its digital channel, shopplanetblue.com. Earlier this month, the shop announced through email and its social-media channels that it would be closing its 12 physical shops while maintaining an e-commerce presence.
