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.
In a fast-changing downtown Los Angeles, the Cooper Design Space showroom building will maintain its focus on fashion, said the building’s management; however, the owners will be unveiling changes before May, such as a new name for the Cooper and its sibling buildings—The Hirsh Collective—as well as new websites, logos and social-media outreach.
Denim giant Levi Strauss & Co. continues to navigate the fallout from the COVID-19 pandemic. For its first financial quarter of 2021, released April 8, the brand reported net revenues of $1.3 billion, down 13 percent compared to the same quarter the previous year. The decline was attributed to closures of company-operated stores as well as third-party retail locations.
Japanese footwear-and-apparel brand Onitsuka Tiger opened its first West Coast flagship last month at 474 N. Rodeo Dr. in Beverly Hills, Calif.
ART MEETS FASHION BASICS
Andrew Hanson hopes to go beyond labels with Clothing That Speaks, his Los Angeles–based emerging fashion line that made its official debut in January.
Skechers, the Manhattan Beach, Calif.-headquartered footwear-and-apparel company, recently unveiled a sign for its new bricks-and-mortar store in downtown Los Angeles.
The multi-brand boutique was once the dominant business model for fashion retail. David Fishbein and Joey Miller, the co-founders of The Platform boutique retail center in Culver City, Calif., believe a lot of potential remains in the business model.
About 68 years after the first James Bond novel was published, the world of the fictional secret agent continues to fascinate.
OC Fashion Week produced its 24th season on March 22 with a group of designers who displayed Spring 2021 styles at The Ritz Carlton Laguna Niguel, which overlooks the Pacific Ocean.
The Los Angeles County Department of Public Health gave the go ahead Monday for the area’s businesses to advance to the less-strict orange tier of COVID-19 restrictions.
Helene Ige has been selling one-of-a-kind designs, homewares and objets d’art at her self-named Ige lifestyle gallery in Los Angeles. She also has been making fashion for the Paper Design House brand.
Le Brume Jardin, a new Los Angeles-based sustainable jewelry, clothing and accessories store, recently took a bow.
Retro in Red
As fashion continues to trend toward the 1990s, Levi Strauss & Co. envisioned a new approach to its Levi’s Red collection, which was released late in the decade, as it relied on silhouettes similar to the original with modern sustainable fabrications.
The market for business-to-business e-commerce platforms has been heating up in the last year. The Los Angeles–headquartered technology company NuOrder announced last month that it had raised $45 million in a round of funding led by venture capital firms Brighton Park Capital and Imaginary Ventures.
The Vietnam-headquartered company Saitex recently opened a denim facility in Vernon, Calif., just south of downtown Los Angeles. Saitex USA, a 52,000-square-foot denim plant, will serve as a factory of the future, said Sanjeev Bahl, the company’s chief executive officer and founder.
When Asher Shalom visited some family members in Los Angeles in 1988, he surveyed the metropolis’s fashion scene and saw an industry that had excelled at milling fleece and denim, but he thought that the city’s business had been coming up short in milling novelty fabrics. Shalom had fallen in love with Los Angeles after visiting from his native Israel and wanted to move to the City of the Angels. He believed he had something to add to the city’s fashion business through his background in fabric engineering. He started the novelty mill Asher Fabric Concepts in 1991.
A recent report from the Otis College of Art and Design provided details regarding how California’s creative businesses, including fashion, were dealt major setbacks during the spread of COVID-19 and how these industries were faring just before the pandemic.
On March 25, Odaingerous designer Odain Watson released Drama, a footwear capsule collection. Made in Italy, the line features three styles—a pump, high-top sneakers and military-style boots.
The Cybersecurity and Infrastructure Security Agency, and umbrella trade group Retail and Hospitality ISAC, of which National Retail Federation is a partner, have developed a cybersecurity drill, which will run in June—with an exact date yet to be announced—and they are inviting businesses to participate.
Steve Aoki has made statements about his Asian heritage with his music and his fashion label Dim Mak. He recently made a statement on violence against people of Asian and Pacific Islander heritage with a T-shirt that will raise money for Stop AAPI Hate group, he said.
There’s a new concept store coming to Los Angeles’ Mid-City area. Terminal 27 is scheduled to officially open doors in April. The public will get a preview of this shop with the Terminal 27 x Middleman Pop-Up.
A little more than a year after exiting specialty-retail giant Gap Inc., Art Peck, the company’s former chief executive officer, is looking to get back into the business.
3DLOOK recently announced that it had raised $6.5 million in Series A funding, which brings the technology company’s total fund-raising to $11.2 million. The recent round of funding was led by Almaz Capital with participation by TMT Investments and Zubr Capita.
For decades, the Fred Segal logo marquee sign overlooked the busy intersection of Melrose Avenue and Crescent Heights Boulevard in Los Angeles. But that mid-city neighborhood’s once-familiar skyline changed.
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.
Klarna’s Future Focus
The Stockholm-headquartered payments company Klarna entered the United States market in 2015 as part of a wave of fintech companies that offered digital layaway programs. These technologies have been embraced by millennials and Gen Z.
With COVID-19 vaccinations being rolled out and pandemic restrictions being scaled back, L.A. Market Week took place in downtown Los Angeles March 7–10 with more optimism than has been seen over the past year. While still cautious, showroom buildings in the area’s fashion district, including the California Market Center, The New Mart and the Cooper Design Space, welcomed buyers to stock up on inventory.
The Coterie trade show for contemporary women’s fashion wrapped up its month-long Coterie Digital marketplace on March 16. It was the second run for the online marketplace.
Sustainable L.A. Denim
Saitex, a Vietnam-headquartered denim manufacturer that has been considered one of the pioneers in sustainable-denim production, recently opened its first United States facility, in Vernon, Calif., an industrial city neighboring downtown Los Angeles, said Sanjeev Bahl, chief executive officer and the company’s founder.
Michael Costello, a "Project Runway" alum and designer who has dressed celebrities such as Beyoncé and Lady Gaga, is getting back into bricks-and-mortar retail.
NuORDER, a Los Angeles-headquartered business-to-business e-commerce platform announced March 10 that it had raised $45 million in a round of funding led by Brighton Park Capital and Imaginary Ventures.
Nas won a Grammy Award for Best Rap Album on March 14 and he also is flexing his garmento muscles.
Many runway shows went virtual during the COVID-19 pandemic and August Getty, a designer who started his career in Los Angeles, has taken digital fashion events a step further.
International Women’s Day was observed March 8 and fashion businesses put their creativity around celebrations and styles to support a day to focus on gender equity and women’s achievement.
Fashion-business advice comes in all shapes and sizes. Earlier this year, Syama Meagher and Edwina Kulego put together a fashion-business forum on Clubhouse, the ultra-hip, audio, social-media app. Entrepreneurs from around the world listen in on this forum.
Fillogic is a New York-based platform that builds and operates micro-distribution hubs at malls for retail fulfillment. The platform redevelops underused areas at malls and stores and turns them into fulfillment centers.
Kavon Massenburg was in a world of trouble a few years ago. He had been arrested for dealing drugs and had been hospitalized for a gunshot wound.
After almost a year of the COVID-19 pandemic, the in-person trade-show format is coming back to life. Last month, in-person trade shows were produced in Orlando, Fla., and at the Dallas Market Center in Dallas. Over Presidents Day weekend, an in-person trade show took place near the Los Angeles International Airport as COVID-19 cases had dipped in Los Angeles County, an area where numbers of COVID-19 cases had been high for much of the past year.
Fashion on Film
In lieu of a New York Fashion Week presentation, Kevan Hall told the story of an optimistic future surrounding his latest collection as he directed a film titled “Together Again,” which premiered Feb. 16 on the Council of Fashion Designers of America’s Runway360 platform.
Using sustainable fabrics for jeans, T-shirts and underwear is usually serious business, but the Los Angeles–headquartered brand Culprit Underwear has developed a niche using humorous graphics to sell its ecologically sound, made–in–Los Angeles products.
For the fifth run of CMC Uploaded, the virtual trade show produced by the California Market Center in downtown Los Angeles, new seminar speakers and new exhibitors were on the roster for an L.A. Market Week Preview.
After seven years of running solo in-person trade shows in downtown Los Angeles, the LA Men’s Market and Liberty Fairs tried out their first partnership by co-producing the virtual trade show Liberty Fairs x LA Men’s Market, which will wrap up March 9 after a month of doing business.
After a second run of FashionGo Week, which ran Feb. 8–12 on the FashionGo business-to-business wholesale online-market platform, the digital trade show anticipates becoming a regular feature on the trade-show calendar.
Los Angeles retail is seeing a few new store openings. Among them is Onitsuka Tiger, which recently wrapped up a digital fashion show at Milan Fashion Week on Feb. 27.
Remembering Fred Segal
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.
ON-DEMAND PRINTING, DROP SHIPPING
On-demand-printing and drop-shipping-fulfillment business Printful is scheduled to open a 93,000-square-foot facility in the Los Angeles area this fall, said Dairis Zarins, Printful’s director of operations.
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.
Resorts World Las Vegas will be the first new casino resort to open on the Las Vegas Strip in more than a decade. It was recently announced that Fred Segal was selected to develop and run boutiques at the casino.
In 2019, The Hundreds streetwear brand produced the inaugural Family Style Food Festival to showcase the tastes and cuisines of independent Los Angeles-area restaurants. Fast forward to a Los Angeles struggling under pandemic restrictions. The Family Style Food Festival will go on, but it will be a virtual festival that will be produced under the moniker of Family Style To Go.
Joor, a digital-wholesale platform that serves as the technology partner for the Liberty Fashion & Lifestyle Fairs trade show, recently announced that its platform was going to become more user-friendly for financial transactions.