Orange County Business Journal


Recent and archived news stories on: Action Sports, Autos, Clothing, Cosmetics, Malls, Online Shopping, Stores/Retailers, Surf/Sportswear...

Global Drama, Local Grind

OC-Based Public Companies Take Share of Licks, Carry On

Orange County’s diverse crop of publicly traded companies held up relatively well as worries about China’s economy whipsawed the stock market here and in other markets around the world.

Majority Stake in MainPlace Part of Bigger Sale

RETAIL: Santa Ana center 1 of 5 said to be in $1.1 billion deal

Sydney-based Westfield Corp. is expected to sell a majority stake in Westfield MainPlace in Santa Ana to a partnership headed by USAA Real Estate Co. in San Antonio, Texas.

Will Galaxy Fans Get Kick Out of ‘Big-Screen App’?

Designer Eschews Smart Phones for Larger Screens

DeskSite, an Irvine-based digital media company that develops app-based video entertainment portals, is thinking bigger than a smartphone with a deal it recently signed with the LA Galaxy soccer team.

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Anna’s Linens Postpones Part of Auction

Anna’s Linens Inc. in Costa Mesa has postponed the auction of its intellectual property, according to documents filed with the U.S. Bankruptcy Court for the Central District of California in Santa Ana.

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Tilly’s Mixed Quarter

Shares in Tilly’s Inc. fell in after-hours trading Wednesday after missing Wall Street expectations but rose again by midday Thursday on higher net sales.

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San Clemente Software Maker in $55M Buy

DealerSocket Inc. in San Clemente said it will buy the Inventory+ suite of technology products from Lake Success, N.Y.-based Dealertrack Technologies Inc. for $55 million in cash.

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Hyundai, Kia Pick New Media Buyer

Hyundai Motor America Inc. in Fountain Valley said it will shift its media-buying business to Canvas Worldwide, effective Jan. 1.

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El Pollo Loco Down on Revenue Miss

Costa Mesa-based El Pollo Loco Holdings Inc. shares fell more than 18% in midday trading after the company reported quarterly revenue yesterday that was below analyst expectations.

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Swimwear Maker Takes New Name

Raj Manufacturing LLC in Tustin has rebranded itself as Raj Swim to better showcase the company’s culture.

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Habit to Enter Idaho

Irvine-based Habit Restaurants Inc. will debut in its seventh state with a restaurant opening this year in Meridian, Idaho, a news report said.

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Irvine Brewery Set to be Sold

Evans Brewing Co. Inc. in Santa Ana said in a regulatory filing it plans to buy Bayhawk Ales Inc. in Irvine and to exchange shares in Evans, one-for-one, for those in Bayhawk.

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Hyundai Unit Names Marketing Head

Hyundai Motor America Inc. in Fountain Valley named Dean Evans its vice president and chief marketing officer.

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Wet Seal Has New CEO

The Wet Seal LLC in Foothill Ranch named Melanie Cox its new chief executive.

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Autobytel Shares Up On Q2

Shares in Autobytel Inc. in Irvine rose in midday trading as the company surpassed Wall Street’s expectations on revenue for the second quarter of fiscal 2015 ended June 30.

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Del Taco Resets $164M Debt

Lake Forest-based Del Taco Restaurants Inc. refinanced $164 million in debt under a new five-year, $250 million credit facility, cutting its borrowing costs by 3 percentage points and its annual interest payments by $5.4 million.