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BUSINESS
November 22, 2013 | By Michael Hiltzik
Like the Cold War arms race, retailers' assault on Thanksgiving appears to have reached the point of unremitting insanity. Next week Target, Kohl's, K-Mart, Sears and many other retailers will be opening their stores for some Thanksgiving hours starting in the evening or earlier. They join Wal-Mart, which has always been open during Thanksgiving but which this year will be pumping up its holiday discounts to lure determined bargain-hunters into the stores. Plan on consuming a heaping helping of reports and videos of Thanksgiving Day mayhem, some of it possibly lethal, with your turkey leftovers next Friday.
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BUSINESS
March 4, 2014 | By Tiffany Hsu
Ever lust after a product displayed in a store that's closed for the day? Or struggle to find the item you saw in a magazine or YouTube advertisement? Maybe you're curious about something on a shelf but can't find a salesperson to offer more information. A British company called Powa Technologies said it has the solution to all of those consumer conundrums in the form of an e-commerce platform it calls a retail “evolution and revolution.” Powa, started by serial entrepreneur Dan Wagner and operating on the nearly $100 million it's raised in recent months, unveiled its closely held digital shopping tool PowaTag on Tuesday.
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BUSINESS
February 2, 2014 | By Tiffany Hsu and Andrea Chang
Nordstrom is famously forgiving when shoppers change their minds about purchases. Customers love it - especially those whose motives may be questionable. The Seattle retailer has been known to take back well-worn clothing, shoes bought years earlier and jars of half-used moisturizer. When Elana Pruitt was a Nordstrom sales employee years ago, she recalled, shoppers would make purchases with gift cards and then quickly return the items for cash. Technically it's allowed, said Pruitt, 33, now a social media coordinator and fashion blogger in Eagle Rock.
BUSINESS
February 2, 2014 | By Tiffany Hsu and Andrea Chang
Nordstrom is famously forgiving when shoppers change their minds about purchases. Customers love it - especially those whose motives may be questionable. The Seattle retailer has been known to take back well-worn clothing, shoes bought years earlier and jars of half-used moisturizer. When Elana Pruitt was a Nordstrom sales employee years ago, she recalled, shoppers would make purchases with gift cards and then quickly return the items for cash. Technically it's allowed, said Pruitt, 33, now a social media coordinator and fashion blogger in Eagle Rock.
CALIFORNIA | LOCAL
September 6, 2007 | Patrick McGreevy, Times Staff Writer
SACRAMENTO -- Faced with a likely veto by the governor, a state lawmaker agreed Wednesday to postpone a bill that would impose a controversial container fee at the ports of Los Angeles and Long Beach aimed at easing congestion and air pollution. State Sen. Alan Lowenthal (D-Long Beach) agreed with Gov.
BUSINESS
May 27, 2012 | By Mary Umberger
CHICAGO — Maxine Lauer calls the group of consumers 15 to 34 "Generation Now" because they want what they want and they want it now. Trouble is, "now" isn't happening for them, especially for those in the middle of that range, their 20s, who might reasonably be expected to be thinking about buying their first homes. Generally, though, that's not something they're doing, because most of them just can't, said Lauer, whose Sphere Trending retail industry consulting firm in Waterford, Mich., has studied their attitudes in depth.
BUSINESS
October 2, 2013 | By Tiffany Hsu
Holiday sales this year will be so-so at best, with fiscal concerns and the stalemate in Washington weighing down more promising economic signs, according to the retail industry's top trade group. Sales in November and December, which include the shopping Super Bowls of Black Friday and the run-up to Christmas, will tick up 3.9% to $602.1 billion, according to the National Retail Federation's forecast. Last year, sales rose 3.5%. The average increase over the last decade is 3.3%.
BUSINESS
June 27, 1992 | GEORGE WHITE, TIMES STAFF WRITER
When Hinshaw's opened its doors Friday, the Arcadia retailer promoted its bargains with placards that have become signs of the times for more and more privately owned department stores--"Going Out of Business Sale." Large crowds milled in the aisles hunting for bargains. Long lines stretched from the cash registers. And the store's renowned service was slowed by the crush of shoppers, said Alvira Yates, a Hinshaw's devotee who will miss the local landmark.
BUSINESS
December 20, 1995 | GREG JOHNSON, TIMES STAFF WRITER
The store-closing signs that promised 70% off women's apparel at the Fashion Bug store in the Garden Grove Promenade drew Margie Erickson in for a look around. But Erickson ended her quick visit by doing what shoppers increasingly have been doing at junior women's apparel stores: She walked out without making a purchase. "It's a nice store and everything, but they just don't have anything for me," said Erickson, 57, a longtime Garden Grove resident.
BUSINESS
July 16, 1999
* Federated Department Stores Inc. said it will hire closely held Service Resources Inc. of Atlanta to manage its 450 retail properties, cutting costs by about $25 million a year. Federated, which owns the Bloomingdale's and Macy's chains, among others, said the outsourcing agreement is the largest in the U.S. retail industry. Federated will cut 1,300 people from its payroll but expects Service Resources will rehire most of them by the fall.
BUSINESS
January 16, 2014 | By Tiffany Hsu
Best Buy Co. watched its stock plunge more than 27% in morning trading Thursday after announcing poor holiday results that suffered from heavy competition and deep discounting. The consumer electronics retailer said revenue for the nine weeks ended Jan. 4 slumped 2.6% to $11.45 billion from the same period a year earlier. Same store sales slipped 0.9% in the U.S., though they managed at 0.1% boost internationally. In late morning trading in New York, Best Buy stock tanked nearly 28%, or $10.45, to $27.11 a share.
BUSINESS
November 28, 2013 | David Lazarus
It's Black Friday, and that means hordes of bargain-craving shoppers will lay siege to retailers large and small. Or not. While there have been plenty of recent stories in the media attesting to the idea that Black Friday is one of the busiest shopping days of the year, the reality is that most of us prefer to take the holiday a good deal easier. Nielsen, the market researcher that tends to do a pretty good job of spotting trends, says 85% of consumers won't go anywhere near a mall or a physical store on Black Friday.
BUSINESS
November 22, 2013 | By Michael Hiltzik
Like the Cold War arms race, retailers' assault on Thanksgiving appears to have reached the point of unremitting insanity. Next week Target, Kohl's, K-Mart, Sears and many other retailers will be opening their stores for some Thanksgiving hours starting in the evening or earlier. They join Wal-Mart, which has always been open during Thanksgiving but which this year will be pumping up its holiday discounts to lure determined bargain-hunters into the stores. Plan on consuming a heaping helping of reports and videos of Thanksgiving Day mayhem, some of it possibly lethal, with your turkey leftovers next Friday.
BUSINESS
October 2, 2013 | By Tiffany Hsu
Holiday sales this year will be so-so at best, with fiscal concerns and the stalemate in Washington weighing down more promising economic signs, according to the retail industry's top trade group. Sales in November and December, which include the shopping Super Bowls of Black Friday and the run-up to Christmas, will tick up 3.9% to $602.1 billion, according to the National Retail Federation's forecast. Last year, sales rose 3.5%. The average increase over the last decade is 3.3%.
BUSINESS
March 7, 2013 | By Chad Terhune
California officials face mounting criticism from union leaders over plans to let retail giant Wal-Mart Stores Inc. enroll shoppers in President Obama's healthcare expansion. The state wants employees at Wal-Mart and other retailers to help consumers learn about their options and assist them in buying federally subsidized private insurance. These plans are part of state efforts to implement the federal healthcare law and reach out to 5 million Californians eligible for new coverage starting in January.
BUSINESS
November 24, 2012 | By Shan Li
Black Friday shoppers headed to their laptops, tablet computers and mobile phones to scoop up deals. On the day after Thanksgiving, traditionally the kickoff to the holiday shopping season, online sales jumped 20.7% over last year, according to study from IBM. That beat the 17.4% growth over Thanksgiving in Web sales. That reflects a trend that has swept through the retail industry as shoppers increasingly go online to find the best bargains and deals, forcing traditional brick-and-mortar retailers to adapt in in order to retain customers.
BUSINESS
July 18, 1991 | Chris Woodyard / Times staff writer
Gem Business Brisk: While the retail industry is stuck in the doldrums, one Newport Beach jewelry store says its sales are so brisk--up 25% from a year ago--that it is moving to larger quarters. Traditional Jewelers, hoping to capitalize on those gains, has moved from the Newport Hills Shopping Center to Fashion Island. One special service that the store provides its customers is full-color artist's renderings of custom-designed jewelry.
BUSINESS
July 12, 1996 | From Associated Press
The retail industry's four-month winning streak was broken in June as consumers slowed their spending. The big retail companies, which released their monthly sales figures Thursday, reported mixed results. "There was a little bit of sluggishness, kind of hard to quantify," said Jeffrey Edelman, a retail industry analyst with Deutsche Morgan Grenfell. "Discount stores did better than other stores because of the seasonality" of merchandise such as lawn and garden equipment, he said.
BUSINESS
November 9, 2012 | By Shan Li and Adolfo Flores, Los Angeles Times
Upset by more store openings on Thanksgiving Day, shoppers and retail employees are stepping up efforts to get big chains to back off. Black Friday, the day after Thanksgiving, has long been considered the start of the holiday shopping season, with retailers offering big discounts and early-morning deals to attract hordes of shoppers. But opening times have been drifting earlier. Chains such as Wal-Mart and Sears have announced plans for Black Friday events this year starting as early as 8 p.m. Thanksgiving Day. Frustrated workers and customers say they are unhappy about cutting their family Thanksgiving dinners short.
BUSINESS
August 17, 2012 | By Andrea Chang, Los Angeles Times
A staffing stumble byApple Inc.'s new head of retail stores has led the company to issue a rare apology and backtrack on cutting workers' hours. The mea culpa came after widespread speculation arose that the technology stalwart, known for its sleek retail stores and eager employees, had laid off or severely cut the hours of some workers as part of a new store staffing plan put in place by John Browett, who became Apple's senior vice president of...
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