TOURISM & LEISURE
Traffic Drops and Terminals Close at LAX
A sharp drop in passenger traffic has prompted steep reductions in the number of flights and the closure of terminals at LAX.
Pain at the Pump for Gas Stations
Plunging demand hurts United Pacific, others
The stay-at-home orders imposed to combat the Covid-19 pandemic have cut demand in half at local gas stations, even as the average price for a gallon in Los Angeles County dips to $3.32.
Mattel Launches Website to Help Kids During Covid-19 Quarantine
El Segundo-based toy manufacturer Mattel Inc. rolled out a website with free games, activities and content to help children who are staying home during the pandemic.
LAX Posts Traffic Dip for February
Drop is expected to worsen in March and April
Passenger traffic at Los Angeles International Airport fell nearly 4% in February with international traffic plunging almost 10% as the first impact of the coronavirus pandemic was felt.
Guess Among Brands Hurt by Virus
Denim-maker’s market cap has plunged 50% since start of pandemic
Guess and other Los Angeles-area retailers are absorbing heavy blows and scrambling to adjust as a result of the pandemic.
Southwest to Add 2 Flights at Long Beach Airport This Summer
Southwest Airlines Co. on March 12 announced it will add two weekday flights at Long Beach Airport this summer, one to Oakland and the other to San Jose.
Guess Backs Green Jeans
Retailer joins global denim initiative
Guess Inc. has joined a consortium of brands putting a priority on denim’s ecological footprint.
Joe Coulombe Leaves Grocery Legacy
Trader Joe’s founder made his mark on the industry, shoppers
Trader Joe’s Co. founder Joe Coulombe, who died Feb. 28 at age 89, had eye for winning products and a passion for customer service that set the company he founded apart from other grocery chains.
Beyond Meat Sets Sights on $500 Million
Company targets ambitious revenue goal for 2020
Beyond Meat Inc., the maker of plant-sourced protein substitutes, is aiming for the $500 million revenue milestone in 2020.
A Promising Launch for Bra Startup Mindd
Longtime apparel exec aims for women with larger sizes
Helena Kaylin’s proof of concept appears to be working ― less than a month after she launched Mindd Bra Co., six of the 12 bra styles on her website have sold out.
Long Beach Airport Project Grows to $80 Million
Additional work boosts contract for Swinerton
Swinerton Inc.’s design-build contract for the second phase of terminal improvements at Long Beach Airport just got a whole lot bigger.
CUSTOM CONTENT: Jewelry That Loves You Back, MaeMae in Atwater Village
Retail Therapy Takes on a New Meaning at LA’s Favorite Gift Shop
MaeMae Jewelry, a female-founded Los-Angeles company, was created with that simple mission at heart, helping people love and accept themselves — and their feelings.
Revolve Reeling After Mixed Results
Ecommerce fashion company anticipates modest revenue for 2020
Revolve Group Inc. delivered a 21% increase in annual revenue and a 16% jump in net income for 2019, but its stock took a 23% dive the day after reporting year-end and quarterly results.
Are Mattel’s Cuts Working?
Top toymaker expects modest gains
Mattel Inc. managed to maintain revenue at $4.5 billion last year, and its guidance for 2020 calls for a modest full-year revenue growth of 1% to 2.5%, but Wall Street appears skeptical.
Surf Air Acquires BlackBird Air
Company will provide flights and scheduling
Santa Monica general aviation airline Surf Air Inc. announced it has acquired San Francisco-based online aviation marketplace BlackBird Air Inc.