November 25, 2013 |
Frank Gehry and Related Cos. have kissed and made up. Now we'll see if city and county officials bless the reconciliation. After soliciting plans from other architects in recent months, Related has put Gehry back in charge of the design team for a $650-million retail, hotel and residential complex on Grand Avenue in downtown Los Angeles. On Monday the New York-based developer will submit a new proposal by Gehry's firm to the committee overseeing the project. Gehry's design is significantly more exuberant and suggestive of L.A. culture than designs for the site by the firms Gensler and Robert A.M. Stern Architects, which Los Angeles County Supervisor Gloria Molina, chair of the committee, blasted in September as bland and uninspired.
November 24, 2013 |
As the hardiest of shoppers prepare for the annual Black Friday consumption frenzy, many are convinced it's their one shot at a great deal. But "that's not even close to the truth," said Matthew Ong, senior retail analyst at online personal finance company NerdWallet Inc. Bargain hunters can - and, in some cases, should - avoid the Black Friday weekend crush, several experts said. Many characterize the shopping bonanza as an expertly marketed ploy to capitalize on shoppers' fear of missing out. By dangling a small batch of irresistible savings, stores land hordes of hopeful shoppers all scheming to score the retail version of Willy Wonka's golden ticket.
November 22, 2013 |
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.
November 20, 2013 |
The Black Friday shopping rush may be slightly less of a nail-biter for retailers after government data showed better-than-expected sales in October. Retail sales jumped 0.4% last month, the U.S. Census Bureau said Wednesday, handily exceeding the 0.1% month-over-month increase anticipated by economists surveyed by Bloomberg. And the September performance, which caused deep concern when initially reported as a 0.1% decline, was revised up to reflect no change. In total, October sales reached $428.1 billion, a 3.9% boost from October 2012.
November 19, 2013 |
Home Depot, the country's largest home-improvement retailer, reported a 43% jump in third-quarter earnings, thanks largely to the housing recovery. Net income rose to $1.35 billion in the quarter that ended Nov. 3 from $947 million a year earlier. Earnings per share in the latest period were 95 cents, beating analysts' expectations of 90 cents. "Our third-quarter results reflect the continuing improvement in the housing market and our solid operational performance," said Chief Executive Frank Blake.
November 14, 2013 |
And among other things, you buy lots of Dodgers' stuff. Lots and lots of Dodgers' stuff. So much stuff, that the Dodgers were named the "Club Retailer of the Year" by Major League Baseball Properties. I'd never heard of it either. But you thought Clayton Kershaw was the only one taking home some off-season hardware? This particular award has been around since 2005 and is reportedly based on a combination of sales, vendor/customer feedback, creative marketing and merchandising efforts.
November 13, 2013 |
A new survey says U.S. travelers spent $5.15 per person per departure on airport food last year. That might sound pretty frugal, given the prices at many airport shops and eateries, even if you're just looking for a salad in a plastic box. But a trade group known as “the voice of the airports” says that passenger spending in airports has been steadily rising since 2009, both on food and on retail items. The survey was conducted by the Airports Council International - North America and drew on data from 94 airports that together handle nearly 80% of the country's air passenger traffic.
November 12, 2013 |
The annual retail arms race is invading Thanksgiving with a vengeance. Instead of a Norman Rockwell tableau of family gathered round the turkey, a more fitting image this year might be Americans rushing out to bag bargains. On Monday, Wal-Mart, Target and Toys R Us said they would be open longer hours on Thanksgiving and trot out deals usually reserved for Black Friday, the traditional launch of Christmas-centric consumerism. Others, such as Macy's and Best Buy, had waited until midnight but this year will welcome shoppers much earlier.
CALIFORNIA | LOCAL
November 5, 2013 |
For all Santa Monica has changed over the last 30 years - the tech and entertainment offices, the upscale shopping centers - its skyline has remained largely the same: a few aging towers overlooking the city's coastal bluffs. But that skyline is now poised to be dramatically altered. One project would bring a 21-story hotel to Ocean Avenue, creating the tallest building in the city. Another hotel designed by famed hometown architect Frank Gehry would add a wavy white tower just steps from the sand.
November 4, 2013 |
Kmart is going on a holiday all-nighter, opening for bargain hunters at 6 a.m. Thanksgiving morning and keeping the lights on for 41 straight hours. Sister company Sears also is gearing up for an overnight shopping marathon, welcoming patrons at 8 p.m. on Turkey Day and running special deals until 1 p.m. the next day. The effort will be the longest test of endurance in both retailers' history. The day after Thanksgiving has long been considered the kickoff to holiday shopping.