FINANCE
Tukatech and UV Stacks Launch Made-to-Order Division Through Gaiabay
By Dorothy Crouch, Contributing Writer | November 27, 2024
Los Angeles fashion-technology firm Tukatech and India’s UV Stacks have entered into a partnership through which the companies launched a Made-to-Order division of global marketplace Gaiabay.
After Digital Debut, Afterpay to Take Payments Services In-Store
Afterpay got its start by offering layaway-style payment plans to Millennials when they were shopping for fashions and goods online. Recently, the payments company, announced that it had made a deal with the mall company Simon to take the service to bricks-and-mortar shops.
Toubassy to Help Spearhead Spotlight Brands
Ramez Toubassy, a Los Angeles–based executive who helped guide the retailer Wet Seal’s transition into a digitally focused fashion company, announced a new venture recently.
Industry Focus: Finance--How the Apparel Industry Can Hold On for the Holidays
As business restrictions stemming from COVID-19 continue to ease across the United States and unemployment has fallen into the single digits at 8.4 percent, yet employment remains at 11.5 million jobs below February’s figures, and the gross domestic product in the country also decreased at an annual rate of 31.7 percent during the second quarter.
With the Power of One P.O., Everything Can Change for Black-Owned Apparel Businesses
One major deal can change everything for a small company, yet it can be more crucial for determining the success of Black-owned businesses and those led by members of underrepresented groups, said Dawaud Muhammad. As the co-owner of a Black-owned printing-and-embroidery company, Muhammad leads Big Printing Textile Co., LLC, which is located in the San Francisco Bay Area town of San Leandro, Calif.
INDUSTRY FOCUS: FINANCE, In the Midst of COVID-19, U.S. Businesses Take It One Day at a Time
At the beginning of July, the United States Bureau of Labor Statistics reported that June unemployment in the country fell to 11.1 percent from 13.3 percent in May, with employment in sectors including retail rising to 4.8 million following businesses reopening in many parts of the country. Recently, local governments in certain areas that have seen rising COVID-19 cases are rolling back their reopening plans, with businesses that serve particular sectors being forced to close again.
Businesses Navigate PPP Loans and Other Disaster Relief Sources
The U.S. Small Business Administration’s Payment Protection Program distributed billions of dollars in loans in the past months to companies with less than 500 employees that were hurt by the COVID-19 economic shutdown. According to Tom Waldman, a shareholder in the law firm of Stradling Yocca Carlson & Rauth, opportunities remain to get SBA loans.
President Signs COVID-19 Relief Bill, Fed Expands Main Street Program
President Donald Trump signed a $484 billion COVID-19 relief package into law on April 24.
True Religion Files for Bankruptcy
After emerging from Chapter 11 bankruptcy in 2017, Los Angeles denim brand True Religion filed again this week.
Unemployment Rises and Sales Fall as COVID-19 Takes Hold
Continued debilitating business obstacles due to the COVID-19 pandemic have grown as the economy enters the second quarter of 2020 with employment and sales figures in the apparel industry decreasing.
Businesses Look to Government Lifelines in Order to Survive
Like thousands of other businesses, Pocket Square Clothing, a maker of suiting accessories and bespoke clothing, had to furlough its staff because of the COVID-19 crisis.
Fashion Lays Off Hundreds as Unemployment Skyrockets, EDD Said
Unemployment has skyrocketed since the economic freeze bought by the COVID-19 pandemic, it has reached rates that the California Employment Development Department has called historic.
President Signs $2 Trillion COVID-19 Stimulus Package
President Donald Trump signed into law a $2 trillion stimulus bill on March 27 in response to the impact of COVID-19.
Industry Focus: Finance: Conquering COVID-19 by Weathering the Impact of the Storm
Industry Focus: Finance
House Approves $2 Trillion COVID-19 Stimulus Package
The United States House of Representatives approved a $2 trillion stimulus bill on March 27 as a response to the impact of COVID-19.
Asking for Help and Clear Communication Can Aid Businesses During Coronavirus Crisis
Since the COVID-19 crisis began, business consultants have been fielding questions regarding how companies can navigate the financial slowdowns that will impact their companies during the next quarter and beyond.
