APPAREL / RETAILRecent and archived news stories on: Action Sports, Autos, Clothing, Cosmetics, Malls, Online Shopping, Stores/Retailers, Surf/Sportswear...
MANUFACTURING: Shares near all-time high despite soft aerospace
Shares of Kaiser Aluminum Corp. are nearing their prerecession heyday, thanks in part to small-but-growing sales in the automotive sector that have helped the Foothill Ranch-based company power through a stall in its aerospace business.
Gerard Widder, new GM of the Irvine Company’s Island Hotel, arrives in Newport Center with experience from several high-end Manhattan establishments, including a tenure in the same post for the flagship W.
Shares of Quiksilver Inc. dropped about 11% to $2.51 and market value of about $428.5 million in after-hours trading Thursday after the retailer posted a big loss and a steep drop in revenue for the quarter ended July 31.
Costa Mesa-based El Pollo Loco Holdings Inc. reported net income of $6.6 million and 21 cents per share for its second quarter ended June 25, 2014, compared to $410,000, or 1 cent per diluted share in the same period last year.
Trading in shares of Foothill Ranch-based Wet Seal Inc. was halted for several hours after the market opened today.
Foothill Ranch-based Wet Seal Inc. Chief Executive John Goodman left the company August 26 and was replaced by former Chief Executive Edmond Thomas, according to regulatory filings.
The Costa Mesa-based parent of the Elephant Bar restaurant chain is slated to be bought out of bankruptcy and will be operated by a Dallas-based restaurant company.
Chinese Dumpling House Delights With Each Morsel
Din Tai Fung, the famed Chinese dumpling house, opened two weeks ago at South Coast Plaza (entrance on the upper level next to Sears). I surmise that, having heard the buzz about its international reputation, the crowds will flow.
HOSPITALITY: Healthcare, restaurants, golf also clients
A Newport Beach-based software provider that specializes in the hospitality industry expanded its operations in China last week with the acquisition of a company in Singapore.
Australia-based Billabong International Ltd. said it plans to sell its surf apparel retailer Swell.com in Irvine to a consortium of investors in a spinoff that also includes a 51% sale of SurfStitch, its other e-commerce business.
Brains, Female Enter Mix Of Popular Marketing Stars
Ever wonder who designed Kia Motors America Inc.’s first electric vehicle?
Shares of Pacific Sunwear of California Inc. were down 4.3% in after-hours trading Thursday after the retailer said it anticipates a third-quarter loss between 4 cents and 9 cents a share, and revenue between $203 million and $208 million.
Shares of Tilly’s Inc. fell 9% to about $7.70 and a market cap of about $212 million in after-hours trading Wednesday after the retailer posted a 70% drop in earnings for the second quarter that ended Aug. 2.
Sales of new vehicles at Orange County auto dealers rose 7.7% to 14,011 vehicles in July compared with the same period last year, according to the Newport Beach-based Orange County Automobile Dealers Association.
Wienerschnitzel is offering $1 million as the grand prize in its latest “Cash in on a Corn Dog” sweepstakes.