Recent and archived news stories on: hospitality, retail, restaurants, style, travel, sports

Largest West Coast Vinyl Distributor Hard-Pressed to Meet Demand

Once the relic of a bygone era, vinyl records have made a roaring comeback.

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Navitas Semiconductor Goes Public With $1.7B Valuation

Seven years after co-founding Navitas Semiconductor Inc., Chief Executive Gene Sheridan got to ring the Nasdaq opening bell on Oct. 20 in New York City.

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Mattel Posts $1.8B Revenue in Third Quarter

Mattel Inc.’s shares were up 5% in after-hours trading on Oct. 21 after the El Segundo-based toy manufacturer surpassed Wall Street expectations with $1.76 billion in revenue for the third quarter of 2021 — an increase of 8% from the same period a year ago and a 19% uptick from 2019.

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LA's Pumpkin Patches Scare Up New Business

It would scarcely be Halloween without glowing jack-o’-lanterns and decorative munchkin pumpkins on display, and every year, an array of Los Angeles businesses engineer festive pumpkin patches where families come to buy a pumpkin and kick off the holiday season.

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Universal Hydrogen Raises $62 Million in Series B

The investment brings Universal Hydrogen’s total funding to $85 million.

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LA-Area Airport Traffic Down as Covid Surges, Crew Shortages Slam Airlines

The rebound in air travel at local airports hit some turbulence in August with passenger counts down 7% from July thanks in part to the rapid spread of the delta variant of the coronavirus.

Fisker Launches EV Development Division in the UK

Fisker Inc. is launching a specialty vehicle engineering and development division in the United Kingdom to be led by David King, former chief special operations officer at Aston Martin Lagonda Ltd.

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Vernon Logistics Company Lays Off Hundreds in Split From Amazon

QX Logistix Inc. in Vernon is divesting from its Amazon delivery business to concentrate on warehousing, ecommerce fulfillment and transportation.

Stimulus Funding Drives Record Orders of Classroom Furniture

A Torrance-based school furniture-maker, contending with a record order backlog, said stimulus funding is driving a substantial increase in spending on furniture and equipment for schools.

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Kroger to Hire 2,000 in and Around LA County

2021 Largest Employers Special Report

Kroger Co., one of the largest supermarket chain in the country by revenue, has nearly 500,000 employees in the United States. About 14,600 of them work at the 144 Ralphs and Food 4 Less grocery stores in L.A. County and at the company’s local manufacturing and distribution centers, and corporate offices.

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Airport Commissioners Approve $6 Billion Plan to Improve LAX

The Los Angeles Board of Airport Commissioners voted Oct. 7 to recommend approval of the $6 billion Airfield Terminal Modernization Project.

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Honda Calls EV Tax Credit Bill ‘Unfair’

The bill would expand the consumer EV tax credit and provide an additional $4,500 for vehicles made by union labor.

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Local Retailers Report Big Funding Raises

Several local companies serving the manufacturing and retail sectors kicked off September with new funding rounds.

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Johnny Was Apparel Brand Investment Pays Off for Endeavour

Downtown-based apparel brand Johnny Was has quadrupled its annual revenue to about $200 million.

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California Market Center Readies for Completion of $170 Million Makeover

The Gensler-designed renovation adds a rooftop terrace, open-air skybridges, dining space and an events plaza.

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