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| March 26, 2017

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Retailers Archives -

Fashion brands — including several L.A. retailers — are dying off as consumer habits change

March 20, 2017 |

American Apparel bit the dust. So did Nasty Gal. BCBG Max Azria filed for bankruptcy, along with teen retailer Wet Seal.

The fashion industry has long been a fickle beast, with trends rising and dying sometimes in the space of weeks. But changing consumer habits — including the emergence of e-commerce…


L.A. Times – Business

Shopping habits are changing, and teen-oriented retailers like Wet Seal are among the casualties

January 28, 2017 |

Orange County’s Wet Seal Inc. has apparently become the latest retailer to close its doors for good in a spate of mall-shop shutdowns. 

The teen-oriented retailer filed a notice with the state on Jan. 20 that it was firing 148 employees in Irvine, where it is headquartered, in what it described…


L.A. Times – Business

Retailers lead U.S. stocks mostly lower; Target slumps 5%

January 18, 2017 |

Stocks opened mostly lower on Wall Street on Wednesday, led by declines in retailers after Target cut its profit and sales projections.

Target slumped 5% in early trading after saying its holiday season sales were weak. Other retailers also fell. Kohl’s slumped 4%, and Macy’s and Dollar Tree each…


L.A. Times – Business

Retailers Face Multibillion-Dollar Earnings Hit Under GOP Tax Plan

January 8, 2017 |

A Republican proposal aimed at cutting tax rates and keeping jobs in the U.S. risks whacking the earnings of big U.S. retailers by driving up the cost of imported clothes, furniture and other goods.
WSJ.com: US Business

U.S. Retailers on Pace for Best Holiday Season in Years

December 29, 2016 |

Surging online orders and last-minute shoppers helped retailers make up for a slow start to the holiday-shopping season, fueling hopes that higher wages, the rising stock market, and lower food and gas prices prompted Americans to spend more.
WSJ.com: US Business

Retailers Make Final Push to Lure Last-Minute Shoppers

December 24, 2016 |

Traditional retailers are pulling out all the stops to attract last-minute holiday shoppers in the final days before Christmas, even as Amazon.com steps up its own efforts to appeal to procrastinators.
WSJ.com: US Business

Stocks open lower on Wall Street as retailers and healthcare companies fall

December 22, 2016 |

Stocks opened slightly lower on Wall Street on Thursday, led by declines in retailers and healthcare companies.

Bed Bath & Beyond fell 5% in early trading. Johnson & Johnson was down 1%.

Software company Red Hat sank 12% after releasing a weak forecast and announcing the departure of its chief…


L.A. Times – Business

FedEx Plays Hardball With Retailers as Profits Get Squeezed

December 21, 2016 |

FedEx is playing hardball with some e-commerce shippers as the package delivery giant strains to manage the surge in holiday shopping packages.
WSJ.com: US Business

Six retailers agree to stop using on-call shift scheduling

December 21, 2016 |

Six retailers have agreed to stop using on-call shift scheduling following an inquiry by a coalition of nine attorneys general, including California’s.

New York Atty. Gen. Eric Schneiderman said an estimated 50,000 workers nationwide will benefit from the agreement.

On-call shift scheduling requires…


L.A. Times – Business

4 National Retailers Sued Over ‘Deceptive’ Ads

December 9, 2016 |

Los Angeles prosecutors on Thursday sued four national retailers, accusing them of duping shoppers into believing they got bigger discounts than they actually did, the AP reports. The separate lawsuits alleging deceptive advertising were filed against JC Penney, Sears, Kohl’s, and Macy’s, according to the Los Angeles city attorney’s office….
Newser