Montecito’s Starbucks center sells for $14.5M
The Starbucks-anchored retail center at 1046 Coast Village Road in Montecito has been sold to a local couple for $14.5 million. Montecito residents Deborah and James Longo purchased the 13,800-square-foot property in an off-market deal, according to Radius Commercial Real Estate & Investments. Along with the coffee shop, the other long-term tenants at the Read More →
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Deckers takes Apple-store strategy with Goleta shops
The flagship store features Deckers’ footwear brands and highlights its recent efforts to build out its own retail infrastructure worldwide. It also shows off Deckers’ so-called “omnichannel” strategy, whereby shoppers can, for example, try shoes on in the store and complete their orders online.
Read More →Developer’s vision for upscale Shoppes at Westlake takes hold
The 243,500-square-foot Shoppes at Westlake Village center is now 75 percent pre-leased, four months ahead of a ribbon-cutting.
Read More →Bain Capital debt strikes sour note at Guitar Center
With rumors swirling of an ownership change at debt-laden Guitar Center, all eyes will be on whether the Westlake Village-based company reversed its sagging online sales over the critical holiday season.
Read More →As big-box firms slash stores, uncertainty for Tri-Counties
Radio Shack plans to close up 1,100 stores around the U.S. and Staples, the largest office-supplies company in the U.S., said it would shutter 225 stores nationwide in a plan to cut costs by $500 million.
Read More →Deckers’ global push takes toll on stock price
Deckers warned investors to expect a loss of 16 cents per share — compared to the 10-cent-per-share profit expected by Wall Street analysts — in the first quarter despite projected revenue growth. The company said that the reason was its aggressive build-out of its own branded retail stores around the world.
Read More →Stepping up the pace: LeftLane Sports looks to double workforce in 2014
LeftLane Sports has hit the ground running. Five years after its inception, the sporting goods retailer has close to 90 people working in San Luis Obispo and plans to have as many as 180 by the end of the year.
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