Mediha DiMartino covers retail and manufacturing. She can be reached at email@example.com.
But lower volumes are projected in second quarter
Terminal operators and dockworkers at the Port of Long Beach moved 519,730 twenty-foot equivalent units (TEUs) of cargo last month, a 17.3% decline compared to April 2019.
‘Retail disruptions’ likely to hit second-quarter results
Mattel Inc. executives did not provide revenue guidance during a recent call with analysts, but their evident sentiment can be summed up as “it will get worse before it gets better.”
Gardena steel products maker will retain name
Gardena-based Alameda Pipe & Steel Co. has a new owner.
Positive outlook for medical monitoring device maker
While most local manufacturers are refraining from providing revenue guidance during the Covid-19 pandemic, Hawthorne-based OSI Systems Inc. is pleased with the outlook for 2020.
Manufacturers like Honda are grappling with ways to move forward
American Honda Motor Co. Inc. this week reopened its 12 manufacturing plants in the U.S. and Canada after a six-week shutdown that prompted the Torrance-based automaker to furlough some 14,000 factory workers.
Mall operator also cuts dividend and capital expenses
Macerich Co., coping with the fallout of the Covid-19 pandemic, recently borrowed $550 million on its revolving line of credit.
Ice cream-maker touts safety benefits of new packaging
Mochi Ice Cream Co. is adjusting its product line to accommodate coronavirus-induced social norms.
Owners are on edge as they await the new normal
Some 30,000 restaurants and bars in Los Angeles County have had to figure out how to stay afloat during pandemic-induced restrictions on social gatherings.
Footwear manufacturer sees strong rebound in market cap
Shares of Skechers USA Inc. rose about 25% after the footwear and apparel manufacturer reported first-quarter sales that were 2.7% below results for the same period a year earlier.
City clarifies, OKs resumption of online car sales
Confusion about the intent of Mayor Eric Garcetti’s revised Safer at Home order prompted some 70 auto dealers with Los Angeles addresses to cease all sales for weeks while other retailers pivoted to ecommerce.