Orange County Business Journal

APPAREL / RETAIL

Recent and archived news stories on: Action Sports, Autos, Clothing, Cosmetics, Malls, Online Shopping, Stores/Retailers, Surf/Sportswear...
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Wet Seal Closes 338 Stores, Lays Off 3,695

Wet Seal Inc. said it is closing 338 stores and laying off 3,695 full and part-time employees “after assessing its overall financial condition” and failing “to successfully negotiate meaningful concessions from its landlords.”

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OC Investor Takes Fast-Casual Stake

An Orange County investor has taken “a significant minority stake” in a fast-casual restaurant chain based in the Silicon Valley, a spokesperson for the investor said.

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Kia Leads OC Auto Brands on December Sales

Kia Motors America Inc. in Irvine surpassed the national pace of sales of new vehicles in December, scoring the biggest percentage gain among Orange County-based auto brands.

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Irvine Marriott Food & Beverage Lab for Chain

The Irvine Marriott is set to be one of the hotel chain’s first two sites to cultivate a new restaurant idea under a program for chef-entrepreneurs, Bethesda, Md.-based Marriott International Inc. said.

Restaurants: Steve Sather

Market Cap Near $800M After El Pollo Loco Leaves ‘No Stone Unturned’

El Pollo Loco Holdings Inc. President and Chief Executive Steve Sather is our Business Person of the Year for restaurants—but it took nearly a decade to pull it off.

Ode to Local Pioneer; New Twists in Familiar Places

Larry Cano Left Stamp On Ever-Dynamic Food Scene

We recently lost Larry Cano, a true icon not only in Orange County dining but a major player in introducing America to sit-down Mexican dining and cuisine at a sophistication level way above the familiar taco genre.

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Costa Mesa Firm Headed to Utah

Armada Skis Inc. is moving its headquarters from Costa Mesa to Park City, according to the Utah governor’s Office of Economic Development.

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PE Firm Invests in Apparel Company

Private equity firm Altamont Capital Partners in Palo Alto said it’s made a strategic investment in Cypress-based Hybrid Apparel.

Early Indicators Point to Strength, Staying Power for OC’s Economy

Is the outlook for business in Orange County hot or strong?

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Sanuk Founder Leaves for Tea Brand

Sanuk USA LLC founder Jeff Kelley said he will “transition from an active role” at the Irvine-based footwear brand by the end of the year.

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Wet Seal Revises Loan Terms With BofA

Wet Seal Inc. said it amended its loan terms with Bank of America N.A. and will now provide reports on the value of its assets to the lender on a weekly basis instead of once a month as previously agreed.

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Sanuk Founder Leaves for Tea Brand

Jeff Kelley, founder of Sanuk USA LLC, said he will “transition from an active role” at the Irvine-based footwear brand by the end of the year.

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Wet Seal Revises Loan Terms With BofA

Wet Seal Inc. said it amended its contract with Bank of America N.A. and will now provide reports on the value of its assets to the lender on a weekly basis instead of once a month as previously agreed.

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Brand Affinity in BK, Seeks Bidder

Brand Affinity Technologies Inc. has hired Irvine-based GlassRatner Advisory & Capital Group LLC to find potential bidders to acquire the cash-depleted advertising and social media company, according to a filing in bankruptcy court.

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New Campus HQ for Asics America

Asics America Corp. in Irvine has moved its headquarters 3 miles northwest to a campus at Lakeview Business Center that’s tailored to the recent trend toward creative office space.