CALIFORNIA | LOCAL
September 26, 2013 |
A West Hollywood retailer filed suit Thursday against the city over its first-in-the-nation ban on fur apparel. In the filing, Mayfair House , a specialty clothing and accessory store on Beverly Boulevard, said that the city overstepped its authority in banning fur apparel sales and that such trade should be regulated by state authorities. The ban, Mayfair House said in the five-count complaint, violates the state and U.S. constitutions. “It is crystal clear that California's constitution grants the state Legislature the only authority to enact legislation relating to the protection of wildlife, including the exclusive power to pass laws regulating the market for products of wildlife, such as fur,” Michael O'Connor, an attorney for the store, said in a statement.
September 23, 2013 |
Retailers' annual surge of holiday hiring will be more muted this year, according to a new forecast. Stores and distribution centers are likely to add 665,800 workers to their head counts from Oct. 1 to Dec. 31, consulting firm Challenger, Gray & Christmas predicts. The bulk of the hires will be made in October. But that's an 11% drop from last year, when 751,800 seasonal workers joined retailers' ranks, sending the measure to a 12-year high. The upswing was the fourth straight annual increase in holiday hiring since 2008, when the number of temporary workers added was the smallest in nearly three decades.
September 21, 2013 |
During the iPhone announcement event at Apple's headquarters last week, chief executive Tim Cook took a few minutes to plug a project that hadn't gotten as much attention as the company's new gadgets or iOS 7. On the screen behind him on the stage, Cook flashed a picture of the company's new store at the Stanford Shopping Center. "This month, our attention turns home," Cook said. Photos: Top 11 hidden, cool features in Apple's iOS 7 The company had previously had a small, 1,100-square-foot store at the Stanford mall. "Despite the size of it, our teams have served 5 million customers there, in just nine years," Cook said.
CALIFORNIA | LOCAL
September 20, 2013 |
The mannequin in the window of the Goldsmith & Klein fashion boutique in West Hollywood wore a sultry expression and a luxurious chocolate-brown fox fur stole draped over her arm. Next to the mannequin was a printed quote from Abraham Lincoln: "Those who deny freedom to others deserve it not for themselves. " The window display was one of several protests by merchants against West Hollywood's first-in-the-nation ban on fur apparel. After two years of debate, the ban takes effect Saturday.
September 4, 2013 |
With the lines between our work lives and personal time blurring as new technology unchains us from our desks, the notion of what a desirable office looks like is also changing. Corporate America is moving away from conventional layouts where an employee's status is measured by the amount of space he occupies. Instead, more compact, playful designs are coming into favor. People can do their jobs almost anywhere with their cellphones and laptops, the reasoning goes, so let's make the office a place where people are stimulated by close interaction at their workstations and chance meetings in inviting public spaces such as lounges and coffee bars.
August 22, 2013 |
Not even the briefest of booty shorts could pick Abercrombie & Fitch out of its second quarter slump, as the mall-based retailer and fellow teen apparel companies struggle with weak customer demand. The controversial chain on Thursday announced dismal earnings for the three-month period that ended Aug. 3. Net income tanked 30% to $11.4 million, or 14 cents a share, from $17.1 million, or 20 cents, a year earlier. Revenue slid 1% to $945.7 million. "The second quarter was more difficult than expected due to weaker traffic and continued softness in the female business, consistent with what others have reported," Chief Executive Mike Jeffries said in a statement.
August 13, 2013 |
Retail sales rose a smidgen in July, growing 0.2% amid back-to-school shopping even as auto dealers and home goods merchants lagged. The slight month-to-month uptick represents the fourth straight gain, according to the Commerce Department. Wall Street had expected a 0.3% increase. Sales had advanced 0.6% in June, an upward revision. Compared with July 2012, the gauge last month is up 5.4%, according to the government. But the National Retail Federation called the report a “mixed bag for retailers,” saying that the economy appears to be stuck in a rut. “Fiscal and monetary policy uncertainties combined with stagnant economic and employment conditions continue to breed a volatile market with extreme swings in consumer spending,” Matthew Shay, the trade group's chief executive, said in a statement.
August 1, 2013 |
Shares of Sprouts Farmers Market Inc. exploded Thursday at higher-than-expected prices a day after Whole Foods let down Wall Street with its third-quarter financial results. The natural and organic foods retailer ended its first day of public trading at $40.11 a share, up $22.11, or nearly 123% higher than its $18 offering price. That was the biggest gain for an initial public offering since LinkedIn Corp. debuted with a 109.4% first-day increase on May 19, 2011, closing at $45 a share.
July 26, 2013 |
In the biggest cybercrime spree yet, Russian hackers stole 160 million credit card numbers to fleece hundreds of millions of dollars from a diverse group of financial firms, retailers and even the Nasdaq stock market, according to federal officials. Indictments unsealed Thursday in New Jersey and New York accuse five Russians and a Ukrainian of victimizing targets that included arms of Visa, Diners Club, Citibank, PNC Bank and Heartland Payment Systems, a company that processes credit card transactions from hundreds of thousands of small businesses.
July 24, 2013 |
After uninspiring sales in the first half of the year, retailers are hustling to salvage a back-to-school shopping season that has gotten off to a muted start. Parents, worried about the economy and pressed for time, plan to spend less money and do more school-related shopping online, recent surveys show. To chase elusive customers, many retailers are sprucing up their Web portals and offering special Internet deals. For the first time, Wal-Mart Stores Inc. is posting school uniforms on its online Classrooms by Wal-Mart database.