Explaining Southern California's economy

In SoCal business news: Comcast's impact on Hollywood, Uniqlo comes to L.A.

Comcast

Matt Rourke/AP

Comcast is the largest cable company and home Internet service provider in the United States.

Here's a daily round up of interesting business stories in the region. Every day, KPCC compiles this list for your reading.

The big news is Comcast's plan to purchase Time Warner Cable for $45 billion. But what does this mean for Hollywood? Deadline explores how the deal could impact various levels of entertainment, including streaming video. 

One of the big issues affecting this space is net neutrality. Should internet service providers demand fees from companies that provide streaming video services? Last month, two Netflix executives said they would "vigorously protest" that.

Deadline reports that how Comcast proceeds on this issue could be a spoiler for Netflix.

Retail sales nationwide declined in January due to the really cold weather, according to Reuters.

But that hasn't affected sales at San Bernardino-based grocery chain Stater Bros. Markets. The Press-Enterprise reports that Stater Bros. had its best sales day on Christmas Eve in the store's 78 years in business. The Stater Bros., which has 167 Southern California stores, had $3.9 billion in sales in 2013, according to the Press-Enterprise.

In other retail news, Japanese retailer Uniqlo is coming for the first time to Southern California. Uniqlo, known for its affordable, yet stylish clothes will open at the Beverly Center and South Coast Plaza later this year. Read more on Uniqlo here 

If you're not into Uniqlo, there's a new clothing line coming to Macy's this fall. It's called "Ryan Seacrest Distinction," the Wall Street Journal reports. Yes, it's that Ryan Seacrest, the host of American Idol. The line helps guys choose their clothes and accessories with a number system--in case you didn't know how to match colors.

With Fox executives saying that American Idol ratings fell faster than expected, it might be good that Seacrest has another source of revenue.

Got business news? Tweet me @thewendylee. 

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