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BUSINESS
October 29, 2012 | By Tiffany Hsu
Hurricane Sandy is bearing down hard on the East Coast. Atlantic City, N.J., casinos have been evacuated. Jersey Shore is abandoned. Some Manhattan streets are starting to flood. The mega-storm has already smashed through construction sites, shut down stores and Wall Street and left even jaded residents slightly panicky. Vendors of essential items such as food, water, gas and batteries are prohibited from price-gouging during the tempest, warned New York Attorney General Eric Schneiderman.
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BUSINESS
September 10, 2013 | By Stuart Pfeifer
Ron Burkle, who became a billionaire reviving faltering supermarket chains, will try to turn the money-losing Fresh & Easy stores into a profitable venture. Burkle's Yucaipa Cos. has agreed to buy the El Segundo chain for an undisclosed amount from British supermarket giant Tesco, which is bailing from the U.S. scene after losing about $2 billion over five years. Yucaipa will acquire more than 150 of Fresh & Easy's 200 mostly Southern California stores and its Riverside distribution and production facilities, keeping more than 4,000 employees.
BUSINESS
April 1, 2014 | By Roger Vincent
Supermarket chain Aldi, which plans to open 650 new stores in the U.S. in the next five years, has acquired a 55-acre site in Moreno Valley where it will build its Southern California regional headquarters. Aldi, which is based in Batavia, Ill., will construct an 850,000-square-foot distribution center east of the 215 Freeway at Redlands Boulevard that is intended to serve about 200 stores in the region, real estate brokerage the Klabin Co. said. The price of the land acquisition from Ridge Property Trust was not disclosed.
BUSINESS
June 14, 2013 | By Tiffany Hsu
The gale force of controversy that's battered Lululemon Athletica Inc. in recent months would have left most executives curled up in a ball, bedridden and buried under a mound of crumpled tissues. Instead, the company's leadership team, which had to recall its too-sheer black yoga pants in March and has been suffering ever since, appears to be in stitches. On Monday, Chief Executive Christine Day said she would step down from her post once a replacement was found. The announcement came two months after Chief Product Officer Sheree Waterson was removed.
BUSINESS
February 13, 2014 | By Tiffany Hsu
Uniqlo, a popular Japanese apparel retailer often compared to American brand Gap, will open its first stores in Southern California this fall at the Beverly Center in Los Angeles and South Coast Plaza in Costa Mesa. The company already has more than 1,300 stores worldwide, including 17 in the U.S. Of those, five are up and running in the Bay Area. The first store in the chain, which is known for its wide array of basics, opened in Hiroshima in 1984. Uniqlo is owned by Japanese holding company Fast Retailing Co., parent to Helmut Lang and Theory.
BUSINESS
August 13, 2011 | By Nathan Olivarez-Giles
Chinese authorities have found 22 more fake Apple Inc. stores in the city of Kunming after the uncovering of a fake Apple store in that city by a blogger. China's Administration for Industry and Commerce has suspended previously exposed stores from doing business, but the 22 newly discovered stores are instead being ordered to stop using Apple's logo and trademarks, according to a report from Reuters. State media reports said Apple China had filed a complaint with the government and accused such fake stores of unfair competition and trademark violation.
BUSINESS
December 28, 2012 | By Tiffany Hsu
Smoked salmon sold at Wal-Mart's Sam's Club stores nationwide is being recalled in 42 states, including California, and Puerto Rico amid listeria concerns. The fish was produced by a Miami subsidiary of Multiexport Foods Inc. in conjunction with Tampa Bay Fisheries Inc. The companies are pulling the product “with an overabundance of caution,” according to a Wal-Mart statement . The listeria monocytogenes bacteria - which can cause fatal infections in the elderly, the young and those with weak immune systems, and lead to fever, nausea and diarrhea in other victims - was discovered during a standard lab test on a shipment of the salmon that hadn't been distributed to stores, according to Wal-Mart.
IMAGE
July 28, 2013 | By Adam Tschorn
When online eyewear purveyor Warby Parker launched its website in February 2010, the goal was simple: to leverage the power of the Web to offer designer-quality eyewear at less than $100 directly to the masses. Three years later, Warby Parker has sold an estimated half a million pairs of prescription glasses and non-prescription sunnies, attracted an all-star roster of style-savvy investors (J. Crew Chief Executive Millard "Mickey" Drexler and Kate Spade co-founder Andy Spade among them)
NEWS
October 11, 2013 | By Craig Nakano
Forget summer, forget fall. In L.A.'s home furnishings marketplace, the name of the season is change. As consumers fluff homes for the holidays, the rush of new stores and expansions is enough to daunt even the most devoted shopper. A sampling of the comings and goings: Bobby Berk Home: The company that describes itself as “California chic” opened its first store here last week after establishing its brand in New York, Atlanta and Miami. Berk, 31, said his space in the Helms Bakery complex is something of a test site for his just-released line of contemporary sofas, chairs, dressers and tables, all made in downtown L.A. Other names familiar to fans of modern design - Bend, Loll, Fermob - fill out the shop.
WORLD
December 23, 2012 | By Alexandra Zavis, Los Angeles Times
KABUL, Afghanistan -- Firefighters battled through the night to contain a raging fire that swept through a market in the Afghan capital. No injuries were reported, but the blaze destroyed hundreds of stores and millions of dollars worth of merchandise, Afghan police and firefighters said at the scene.  Dealers at the neighboring currency exchange, the city's largest, said they evacuated cash, computer equipment and records from their shops as...
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