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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Harbor Audit Asks Money Questions

An audit of some services provided by an outside operator at Dana Point Harbor couldn’t validate the firm’s reported gross receipts at the facility and said its “rent payments are not calculated or reported in accordance with lease agreements” the operator has with the County of Orange, which owns the harbor, the county auditor said in a report.

By Paul Hughes March 3, 2017 11:51 a.m. share »
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January Unemployment Up

OC’s unadjusted unemployment rate rose to 3.9% in January from revised 3.5% in December and below the 4.1% reported in the same period last year, the state Employment Development Department said.

By Peter J. Brennan March 3, 2017 10:49 a.m. share »
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Boston Buyer for Wet Seal IP

Gordon Brothers Brands LLC in Boston, a 114-year-old restructuring and investment firm, bought the Wet Seal name and other intellectual property for $3 million during a March 2 auction, according to documents filed today in the United States Bankruptcy Court for the District of Delaware.

By Mediha DiMartino March 3, 2017 8:32 a.m. share »
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Habit Up on Q4, Full-Year

Shares in Habit Restaurants Inc. in Irvine were up more than 10% in Friday trading to a market cap of about $475 million on its quarterly and full-year report, issued after markets closed Thursday.

By Paul Hughes March 2, 2017 1:46 p.m. share »
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February Mixed for OC Automakers

Three of the four largest Orange County-based automakers exceeded the national sales pace for new vehicles in February, according to New Jersey-based market researcher Autodata Corp.

By Mediha DiMartino March 1, 2017 3:25 p.m. share »
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True Drinks Raises $3.6M

True Drinks Holdings Inc. in Irvine raised $3.6 million in equity backing, the company and regulatory filings said.

By Paul Hughes March 1, 2017 2:48 p.m. share »
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Canada Company Wants Wet Seal IP

The YM Inc. Group of Cos. in Toronto posted a $1.5 million stalking-horse bid for Wet Seal LLC’s intellectual property, according to documents filed today in the United States Bankruptcy Court for the District of Delaware.

By Mediha DiMartino February 28, 2017 5:56 p.m. share »
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New Chief Creative for Mazda Ad Shop

Mazda North American Operations’ advertising agency of record hired Erich Funke as chief creative officer, effective March 6.

By Mediha DiMartino February 27, 2017 3:51 p.m. share »
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Quiksilver Settles with Ex-Employees

A bankruptcy court judge approved Quiksilver Inc.’s settlement agreement with 26 former employees, who were looking to collect about $7 million in severance pay, according to documents filed with the U.S. Bankruptcy Court for the District of Delaware.

By Mediha DiMartino February 23, 2017 4:21 p.m. share »
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Craig to Chair New Majority

Retail developer Steve Craig has been named chairman of New Majority California’s Orange County Chapter.

By Mediha DiMartino February 23, 2017 10:48 a.m. share »
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Vans’ Revenue Tops for VF Corp.

Annual revenue at Vans Inc. climbed 6% to $2.3 billion in 2016, making it the largest and fastest growing brand for parent VF Corp.

February 20, 2017 9:52 a.m. share »
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New GM for Element Skateboards

Element Skateboards Inc. in Irvine named David Brooks its new global general manager, the brand’s top executive position.

By Mediha DiMartino February 16, 2017 5:13 p.m. share »
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Volcom Down in 2016

Costa Mesa-based Volcom Inc. posted $256.8 million in 2016 revenue, a 13.5% decrease from the prior year, according to Kering S.A., its Paris-based parent.

By Mediha DiMartino February 10, 2017 1:23 p.m. share »
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Rakuten to Exit Aliso Viejo

Rakuten.com Shopping is moving from Aliso Viejo to San Mateo in the Silicon Valley in March.

By Mediha DiMartino February 7, 2017 9:47 a.m. share »
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Rossignol Buys Irvine Bike Maker

Skis Rossignol S.A. in Grenoble, France, bought Felt Racing LLC in Irvine on undisclosed terms.

By Paul Hughes February 3, 2017 6 a.m. share »