FINANCE

Quarterly Report: Finding the Secret Formula to Luring in Cautious Consumers


By Deborah Belgum | April 16, 2015

In the last year, gas prices in California have fallen 26 percent and the state’s unemployment rate has shrunk 1.3 percent, but skittish shoppers are still acting like there is a recession.

The U.S. Dollar Is on Fire: The Pros and Cons for U.S. Apparel Manufacturers.


The U.S. dollar is sailing at a 12-year high. A strong greenback means that if you travel overseas, hotels and restaurant dinners are cheaper. It also means raw materials produced overseas, such as fabric, zippers and buttons, have suddenly gone on sale.

Strong Dollar Makes Business Tough for Exporters

Since the beginning of 2015, Mike McGinley’s European retail partners have been telling him that they cannot afford his West Hollywood, Calif.–based LASC line of men’s activewear and swimwear—after years of selling LASC at their shops.

CIT’s Steinberg Charts New Post-Retirement Path

CIT’s Steinberg Charts New Post-Retirement Path

Since announcing plans to retire, Steinberg has been asked to consult for the industry, which she said she is considering, but she’s keeping her options open for now.

Industry Focus: Factoring in the Age of Start-Up Apparel Companies and E-commerce

California Apparel News recently spoke with some finance-industry executives to find out how their companies approach financing new businesses and how selling to e-tailers differs from selling to a bricks-and-mortar retailer.

Wells Fargo Opens Commercial Banking Office in New York

Wells Fargo opened a new commercial banking office in New York to better serve the city’s $98 billion apparel industry.

B. Riley Expands Steve Reiner's Role

Los Angeles–based financial-services company B. Riley Financial Inc. named Steven H. Reiner to the newly created position of chief business development officer, asset dispositions, for the company’s Great American Group LLC subsidiary.

Full Steam Ahead for 2015 as Economy Accelerates and Gas Prices Drop

Just about everyone agrees that 2015 is shaping up to be a good year for the U.S. economy.

Buyout Firm Lion Capital Urges American Apparel Sale

The pressure keeps mounting for American Apparel to put itself on the auction block.

Altamont Capital Leads Strategic Investment in Hybrid Apparel

Altamont Capital Partners finished the year with the announcement that it made an investment in another clothing business.

Wet Seal Discusses Bankruptcy, Other Options During 3rd Quarter Call

During a conference call on Dec. 10, executives of The Wet Seal Inc., discussing third-quarter results, raised the possibility of a company bankruptcy.

UCLA Anderson Forecast Takes a Look at California’s Future

California is on a steady course to see job growth outpace the U.S. economy through the end of 2016, eventually driving down the state unemployment to 5.6 percent during that period. That is considerably lower than the 7.3 percent recorded in October.

California and U.S. Economic Growth Looks Brighter for 2015


California has been slowly adding jobs to its payrolls, and next year should be no different.

Positive Signs for California Job Growth

More people should be employed in California during the fourth quarter of this year as companies around the state continue to add staff.

Experts Discuss Financing Options for Businesses Big and Small

Financing alternatives from traditional methods such as factoring to crowdfunding opportunities were discussed at a recent panel discussion featuring factors, investment bankers and other finance experts.

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