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BUSINESS
January 24, 2011 | By Joan Verdon
Venture capital investor Charlie Federman took his daughters to a Paramus, N.J., mall one day and went home with an idea for an Internet business with the potential to deliver a coveted demographic: teenage girls who like to shop. Federman, a managing partner of Crossbar Capital, is the founder of PlumWillow, a website that piggybacks on Facebook to create a social shopping network for girls. Federman and Crossbar Capital provided the seed money for PlumWillow, and he put together a team of executives experienced in launching Internet and technology companies.
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BUSINESS
October 24, 2012 | By Adolfo Flores
Holiday shoppers will be spending a little more this year, but as in recent years they'll continue to be disciplined and go online for better deals. Consumers are expected to spend an average of $582 on holiday shopping, according to Accenture's annual consumer holiday shopping survey, and 23% plan to spend over $750. About half expect to increase their spending by $250 or more, with only 5% saying they would be “extravagant” in their shopping and 8% indicating they would “splurge.” About 51% of those surveyed said they have already set aside cash for their holiday shopping.
BUSINESS
November 28, 2013 | By Saba Hamedy
At 9 a.m., stores such as Old Navy and Banana Republic were opening on the Third Street Promenade in Santa Monica, hoping to lure Thanksgiving shoppers with discounts and other deals. But very few showed up. The emptiness was almost eerie, with no lines of exhausted bargain hunters who'd waited through the night or crowds of shoving shoppers. Instead, the streets were populated mostly by employees heading to stores and passerby dropping into Starbucks or Coffee Bean for a pick-me-up.
NEWS
July 19, 1992 | WASHINGTON POST
It may be a variant of other compulsive behaviors like gambling or overeating, and because of the recession, it got a lot more international media attention. The problem, as described by University of Minnesota psychiatrist Gary Christenson, is compulsive shopping. The typical compulsive shopper is a 37-year-old married woman whose family income is $65,000, reported Christenson, who studied 24 compulsive shoppers and compared them with 24 normal spenders.
BUSINESS
September 11, 2010 | By Andrea Chang, Los Angeles Times
Among the funky boutiques, tattoo parlors and foodie restaurants that line eclectic Melrose Avenue, there's a new sight that has longtime store owners and shoppers alarmed: a glut of empty storefronts and for-lease signs. The situation has gotten so bleak in recent months that along one stretch of Melrose, between Fuller and Martel avenues, one-third of the stores are vacant. And that's despite drastic rent reductions from landlords: A few years ago, retail space went for $5 to $6 a square foot, commercial real estate agents said, but prices lately have fallen to $2 to $3 a square foot — rates not seen in more than a decade.
IMAGE
March 27, 2011
Richard Ward Hair & Metrospa, http://www.richardward.com Whistles, http://www.whistles.co.uk L.K. Bennett, http://www.lkbennett.com Jigsaw London, http://www.jigsaw-london.com Reiss, http://www.reissonline.com Peter Jones, http://www.peterjones.co.uk Philip Treacy, http://www.philiptreacy.co.uk Jenny Packham, http://www.jennypackham.com Peggy Porschen Cakes...
BUSINESS
December 2, 2010 | By Tiffany Hsu, Los Angeles Times
Shoppers logged on in force for Cyber Monday, spending just over $1 billion at online retailers. It was the heaviest online shopping day in history, representing a 16% increase from last year's $887-million Cyber Monday haul, according to research firm ComScore. The shopping bonanza bookends the Thanksgiving weekend along with Black Friday. Whereas the day after Thanksgiving is associated with hordes cramming into malls at the break of dawn, Cyber Monday deals are designed to draw buyers online.
BUSINESS
November 22, 2013 | By Tiffany Hsu
Los Angeles residents will outspend fellow Americans this holiday season, shelling out $428 on average for gifts compared with the $421 national average, according to a report from Deloitte. The consulting firm surveyed 5,018 consumers nationally, with 506 of them from Los Angeles. The amount is a slight drop from last year, when Angelenos on average said they would spend $430 buying presents. This time around, however, they'll lavish their funds on gift cards, making it the most popular holiday item, outpacing clothing.
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