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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Retiring Longtime Mazda Exec Replaced

Mazda North American Operations in Irvine appointed Masahiro Moro its new president and chief executive to replace Jim O’Sullivan, who will retire from the company on Jan. 1.

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Mall Manager Changes With Sale

Westfield MainPlace in Santa Ana will get new management as Sydney-based Westfield Corp. sold a majority stake in the mall to a partnership that includes USAA Real Estate Co. in San Antonio, Texas, Dallas-based Centennial Real Estate Co. and Montgomery Street Partners LLC in San Francisco.

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Habit Holders Cleared to Sell 14.5M Shares

About 50 shareholders in Irvine-based Habit Restaurants Inc. can sell up to 14.5 million shares in the burger chain for up to $23.42 at a total value of about $340 million, according to a U.S. Securities and Exchange filing.

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Shoemaker Buys Eyewear Brand

Footwear manufacturer OluKai Inc. in Aliso Viejo acquired Newport Beach-based eyewear brand Kaenon for an undisclosed sum.

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Skateboard Co. Buys SD Helmet Maker

Bravo Sports in Santa Fe Springs bought helmet manufacturer Pro-Tec from Dye Precision Inc., both in San Diego, on undisclosed terms.

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Fire Destroys SCP Christmas Tree

An early morning blaze consumed a 96-foot Christmas tree at Town Center Park in Costa Mesa, just outside Westin South Coast Plaza.

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Volcom Names CEO

Volcom LLC appointed Todd Hymel as its new chief executive, effective immediately.

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Tilly’s Reports Mixed Q3

Shares of Tilly’s Inc. were down about 2% in Thursday morning trading for a market cap of $172 million after the Irvine-based apparel, footwear and accessories retailer reported results yesterday that beat Wall Street expectation on sales in the October quarter but slipped on earnings.

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PacSun Reports Loss

Shares of Pacific Sunwear of California Inc. were down in midday trading as it reported a loss for its most recent quarter.

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OC Automakers Beat U.S. Sales

All four Orange County-based automakers met or exceeded the national sales pace for new vehicles in November, according to New Jersey-based market researcher Autodata Corp.

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Depactus Co-Founder Steps Down

Bruce Beach, chief executive and president of Depactus, stepped down from active duties at the San Clemente-based apparel company, “to focus on other pursuits.”

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Nekter Enters Sacramento

Nekter Juice Bar Inc. said Ohana Juice LLC would open two franchised stores in the Sacramento market.

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Sock Maker Opens First Store

Stance Inc. in San Clemente opened its first retail store, in New York’s SoHo district.

Data as Driver

San Clemente Software Company ‘Owns Desktop at Dealership,’ Passes $200M in Revenue

DealerSocket wants to be the Amazon.com for the automotive sector.

Hip Is Hot: Costa Mesa Retail Center Draws $120M Investment

REAL ESTATE: LA firm buys into Burnham-Ward project off 405

SOCO—the hip mix of furniture, fashion, design and food tenants along the San Diego (405) Freeway in Costa Mesa—has gotten a new ownership structure and a big boost in its valuation.