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NEWS
October 26, 2012
Good morning, readers. Today is Friday, October 26. What can you expect from an apartment in North Hollywood? Cheaper rent than Silverlake and vertical blinds , Curbed L.A . reports from a recent rent survey. Meanwhile, prices for homes in the Valley increased 8 percent last month , according to the Daily News . Los Angeles is joining other cities in banning retail shops from selling pets , reports the L.A. Times . A Woodland Hills couple who work in the entertainment industry cooked up a plot for their popular Halloween haunted house.
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BUSINESS
By Jeremy Oberstein | November 12, 2008
Retailers are bracing for a tough holiday shopping season in which sales figures in the region could decline as shoppers continue to weather an economic storm that has torpedoed personal spending, analysts said Monday. National and local organizations project a 1% to 4% drop in usual holiday sales figures, which could sink profit margins at regional malls including the Americana at Brand, Glendale Galleria and Burbank Town Center. “We think that the region is looking forward to a rather dismal Christmas,” said Jack Kyser, chief economist for the Los Angeles Economic Development Corp.
BUSINESS
By Jeremy Oberstein and The Leader | November 10, 2008
BURBANK — Retailers are bracing for a tough holiday shopping season in which sales figures in the region could decline as shoppers continue to weather an economic storm that has torpedoed personal spending, analysts said Monday. National and local organizations project a 1% to 4% drop in usual holiday sales figures, which could sink profit margins at regional malls including the Americana at Brand, Glendale Galleria and Burbank Town Center. “We think that the region is looking forward to a rather dismal Christmas,” said Jack Kyser, chief economist for the Los Angeles Economic Development Corp.
BUSINESS
By Jeremy Oberstein | November 28, 2007
BURBANK — Local and national retail agents reported robust sales during the first weekend of holiday shopping, leaving city officials pleased with Burbank’s economy, despite a lingering writers strike and housing downturn. “Friday and Saturday were great,” Burbank Town Center General Manager Alan Osadchey said. “Traffic was much heavier than last year and, if this is any indication, we’re looking forward to a strong holiday sales period.” The mall opened early the day after Thanksgiving for Black Friday, a day retailers hoped to improve their bottom-line sales figures by moving out from the red and into healthier profit margins.
BUSINESS
By Jeremy Oberstein | October 18, 2008
GLENDALE — Mervyns, whose three-story retail outlet has been a fixture at the Glendale Galleria for a quarter century, announced Friday that it will close its remaining 149 stores throughout California and the Southwest. The move will not only affect the 101 S. Brand Blvd. location in Glendale but will also result in the closure of the Burbank store at 245 E. Magnolia Blvd., company officials said. In a release, Mervyns Chief Executive John Goodman said the massive closure, expected to take place after the holiday season, comes amid increasing challenges to its operations after repeated attempts to keep its branches open.
BUSINESS
By Jeremy Oberstein | December 27, 2008
Customers across the region Friday took advantage of deep discounts at big-name retail outlets and smaller stores throughout Glendale and Burbank during one of the traditionally busiest shopping days of the year. Officials at clothing stores, electronic shops and the area’s biggest malls largely proclaimed the day a success, expecting to beat estimates from economists who predicted sluggish after-Christmas sales. Though sales figures were not immediately available, Jennifer Gordon, a spokeswoman for Caruso Affiliated, which runs the Americana, said the mall figures to build on what has already been a successful holiday shopping season.
NEWS
By Alison Tully | July 30, 2008
BURBANK — The City Council on Tuesday approved the renewal of a nonprofit partnership between the city and an association of property owners to revitalize the downtown shopping district. The council voted 4 to 1 in favor of renewing the Downtown Burbank Property-Based Business Improvement District, with Councilman David Gordon casting the lone dissenting vote. Since its inception in July 2003, the district’s stores have increased retail sales and property values by a combined 70%, according to a staff report.
NEWS
By Kelly Corrigan, kelly.corrigan@latimes.com | July 31, 2012
Volunteers teamed up with kids Tuesday morning in Burbank and Glendale to help them buy new shoes, clothes and supplies for school at Target. The fourth annual shopping spree at the Empire Center was part of a partnership between Target and the Salvation Army, for which the national retailer gives $1 million in gift cards for 12,000 children and teens. Each participant was given an $80 gift card to spend in one hour with Disney employees and members of Burbank Sunrise Rotary and Noon Kiwanis.
NEWS
By Alene Tchekmedyian, alene.tchekmedyian@latimes.com | April 1, 2014
Hobby Lobby, a retail chain that sells crafts and home d├ęcor, is slated to open in Burbank this summer in the former Orchard Supply Hardware building. The Oklahoma City-based company, which currently has 20 stores in California, will open in the 72,000-square-foot building located at 641 N Victory Blvd., according to company officials. "We feel that we can bring a very unique shopping experience to the area," said Hobby Lobby spokesman Vincent Parker in an email. "We are looking forward to becoming part of the community.
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