Down and out in Beverly Hills? Not this holiday season.The big news so far this holiday season is that consumers are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. deals It from major discounters such as Wal-Mart Stores Inc. But don't count out Beverly Hills' luxury retailers. Michael Robinson Michael Robinson may refer to:
Based on the chamber's survey of early holiday sales, he cited Gearys Beverly Hills, which is off to a decent start--despite not offering heavy discounts. "As an indicator, I think that is a pretty good one," said Robinson. "Jewelry looks like it is back." Of stores that performed best on Black Friday Black Friday, Sept. 24, 1869, in U.S. history, day of financial panic. In 1869 a small group of American financial speculators, including Jay Gould and James Fisk, sought the support of federal officials of the Grant administration in a drive to corner the gold , the day following Thanksgiving, Robinson said aggressive promotional activity and marketing were keys. For example, men's clothier Brooks Brothers Brooks Brothers is the oldest surviving men's clothier in the United States, founded in 1818. The privately owned company is owned by Retail Brand Alliance, a spinoff of Luxottica, and is headquartered on Madison Avenue in New York City. opened early and offered 20 percent discounts on purchases made that morning. That drew crowds into the Rodeo Drive Rodeo Drive (IPA: /roʊˈdeɪoʊ/) generally refers to a famous three-block long stretch of boutiques and shops in Beverly Hills, California, United States, although the street stretches further north and south. outlet, he said. In November, upscale department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. that didn't leap on the promotional bandwagon got dinged. Saks Inc.'s same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. increase was a tiny .1 percent, while Nordstrom Inc. saw a 2.8 percent growth in same-stores sales, both below analysts' expectations. "People have money to spend, but they are not spending it unless they are getting a compelling bargain," said Richard Giss, a partner at the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. office of Deloitte & Touche LLP LLP - Lower Layer Protocol . "The luxury retailers have traditionally not been the leaders in that category." Hotel Numbers Growth in the region's occupancy rate Noun 1. occupancy rate - the percentage of all rental units (as in hotels) are occupied or rented at a given time pct, per centum, percent, percentage - a proportion in relation to a whole (which is usually the amount per hundred) slowed to a crawl in October, although hotels continued to attract visitors even after hiking room rates. Average occupancy in October was 77.9 percent, up from 77.7 percent in the year ago period, but down from a recent high of 83.5 percent in August, according to PKF PKF Peace Keeping Force PKF Pannell Kerr Foster (accounting firm) PKF Park Falls, Wisconsin (Airport Code) Consulting. At a slim two-tenths of a point, the occupancy rate increase was also off September's 3.1 point year-over-year jump. Santa Clarita hotels had the highest occupancy rate in October, at 85.9 percent. Hotels in the I-5 Corridor/Whittier submarket followed close behind. Meanwhile, visitors to L.A.-area hotels were paying, on average, $129.39 per night in October, up from $122.93 in the same month last year. The average room rate in September was $125.85. All county submarkets with the exception of Long Beach and downtown saw room rate increases in October. Hollywood saw the steepest increase, up 15 percent to $154.86. Beverly Hills hotels remained the priciest in the county, at $284.08 for a night's stay. Mall Adds The Del Amo Fashion Center Del Amo Fashion Center is a two-level regional shopping mall in Torrance, California, USA. It is currently managed and co-owned by Simon Property Group. With a current gross leasable area (GLA) of 2.5 million ft², it is one of the largest shopping malls in the United States. in Torrance is assembling a mix of movie theaters, restaurants and apparel stores to spice up its 400,000-square-foot new outdoor addition. Among the entrants will be eateries P.F. Chang's, Left Bank, Jerry's Famous Dell, Lazy Dog Sports Bar & Grill, RA Sushi and Morton's, and clothiers Anthropologie, Eddie Bauer, Urban Outfitters, Levi's and Gap. Also going in are AMC Theatres with 18 screens, Lucky Strikes bowling alley, Cohiba cigar lounge and Village Gallery. Elena Butorac-DeSalvo, Del Amo's general manager, said the two-story addition should be ready for shoppers in late summer next year. She said she's currently working on other leases to fill the new space. After the lifestyle addition is completed, Mills Corp., the mall's owner, will renovate Del Amo's enclosed portion. In total, the makeover is expected to cost $300 million. Butorac-DeSalvo said shoppers haven't been impacted by construction. She said the only change to the current mall is a reconfiguration of parking entrances and exits. True Retail True Religion Apparel Inc.'s first store opened in the Metlox Center in Manhattan Beach. True Religion joins the growing list of premium denim companies starting their own retail ventures. Other companies that have recently opened stores include Blue Holdings Inc., maker of Antik denim, and Paige Premium Denim, owned by Fortune Casuals LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . True Religion's 900-square-foot store carries men's and women's apparel. The company plans to use the store to test new products before they are widely released. Online Promotion Becker Surfboards is among several local retailers doing its part to lure online shoppers for the holiday season. The Torrance-based retailer tweaked its Web site and added some graphics and deals to draw shoppers. Becker also is running an online holiday contest where two winners will receive a $250 shopping spree on the Web site to buy garb from Quiksilver (the guy winner) and Roxy (the girl winner). Foothill Ranch-based Wet Seal Inc. is promoting "Glare Gifts" on its Web site, which is offering free shipping on purchases of $60 or more. Irvine-based Tilly's Inc. also is offering free online shipping on orders over $75, while Jack's Surfboards has its own deal: free UPS ground shipping on orders over $90. Orange County staff reporter Jennifer Bellantonio contributed to this column. Staff reporter Rachel Brown can be reached at (323) 549-5225, ext. 224, or by e-mail at rbrown@labusinessjournal.com. Hotel Numbers L.A. County room and occupancy rates in October. Submarket Average Daily Price * Occupancy Airport $88.45 81.2% Beverly Hills 284.08 69.4% Downtown 114.92 74.3% Hollywood 154.86 79.0% South Bay 105.94 77.1% West Hollywood 189.72 83.1% Overall Average 129.39 77.9% Source: PKF Consulting Corp. |
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