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It's a tough time to get into the retail business, but figurine maker Funko thinks its toys are popular enough to make it work.The company that produces the popular toys with heads that bobble plans to open up a nearly 40,000-square-foot store in Los Angeles later this year."So many people are looking for an experience when they shop — not just buying things," Funko CEO Brian Mariotti told CNN Business in an exclusive interview. "This is retail times pop culture."Funko is known for its vinyl figures that are based on popular movie, TV and comic book characters. It also reproduces real life athletes. The company has licenses with most big studios, including Disney for its Marvel, Pixar and Star Wars characters, Warner Bros. for the DC Comics and Harry Potter franchises as well as Pokémon. (Warner Bros., like CNN, is owned by AT&T's WarnerMedia.)The LA store will be located on Hollywood Boulevard, not far from the famous TCL Chinese Theatre. It will neighbor a Shake Shack and SoulCycle — in other words, trendy. Mariotti said the company is targeting both tourists and local residents.Funko already runs a smaller retail outlet at its corporate headquarters in Everett, Washington. Mariotti said that when the company opened that store up, he thought it would be a hit with pop culture enthusiasts and Funko employees. The store wound up exceeding those expectations.Mariotti said moms with young kids are big fans. Many customers are repeat visitors, too. That proved to Funko that it might be a good idea to set up shops in cities that could attract a mix of local fans and enthusiasts willing to travel to the store.The new Hollywood location will let customers pose with life-size Funko figures and sit in a toy version of the Batmobile, he said.He added that the company was still working with the building developer and local officials in Los Angeles, so the store won't be ready for a while. But he hopes to open it in time for Halloween. Parts of the store are being built in Washington and shipped down to California.If the store is a success, Mariotti said that more Funko locations could open up in other tourist meccas, such as London, Tokyo and Las Vegas.But he was quick to point out that Funko isn't trying to compete with its retail partners. Funko, like other toy companies, sells a lot of merchandise on Amazon and at Walmart and Target. The company also has distribution at specialty retailers like GameStop and Hot Topic.Instead, Mariotti said the goal is to build even more followers for the brand, driving sales at those big retailers.Funko will report its results for the fourth quarter Thursday, and it is expected to talk more about its retail plans then. Analysts expect sales to have risen nearly 20% from a year ago and for earnings per share to have more than doubled.The stock is up more than 50% already this year. 2874

Korean car makers Kia and Hyundai are recalling about 500,000 vehicles for issues that could cause the engine to catch fire. The companies are recalling the following vehicles: Kia Soul SUVs from 2012 through 2016 with 1.6-liter enginesHyundai Tucson SUVs from 2011 to 2013Kia Sportage SUVs from 2011 to 2012In a statement, Hyundai said the recalls are “to ensure the safety and security of its customers.” The recall was voluntarily, Hyundai said.You can check to see if your car has been recalled 511

It's safe to say Smokey Bear isn't celebrating his 75th birthday with a bonfire. Smokey Bear turned 75 on Friday and is planning to celebrate with the public. Smokey will be making hundreds of appearances across the nation in the coming weeks, including dozens this Friday, Aug. 9 and Saturday, Aug. 10, to celebrate his birthday. Click here for a list of 368

In a time where people are striving for bigger and better, sometimes what's better, isn't always big. WeeCasa Tiny House Resort in Lyons, Colorado has attracted visitors from all over the nation and even the world since 2014. "This is just the latest manifestation of that kind of alternative lower-cost housing," says Kenyon Waugh, with WeeCasa. "And I think that's really why [we're] intrigued with tiny houses."Waugh says the tiny house movement was most likely inspired by van life, people transforming their vans into a small campers, complete with a kitchen and bed. Those interested in tiny homes are looking to scale down and have more flexibility. "What we're able to offer people is the concept: could I live with less?" Waugh says.According to the website 779

JPMorgan Chase, which is the parent company of Chase Bank, announced this week plans to make it easier for those with criminal pasts to be considered for employment with the company. As part of JPMorgan Chase's new initiative, the company will no longer ask employees to reveal if they have a criminal past during the application process. The company said this initiative allows for those with criminal backgrounds to receive the same consideration as any other applicant, when their background has no bearing on job requirements.The company said that in 2018, the company hired 2,100 people with criminal backgrounds, which represented 10 percent of all new hires for the year. JPMorgan Chase said those hired generally had been charged with low level offenses such as disorderly conduct, personal drug possession and DUI. These applicants were hired for positions in entry-levels jobs such as transaction processing, and lending and account servicing.“Business has a responsibility to partner with policy, business and community leaders to create an economy that works for more people. When someone cannot get their foot in the door to compete for a job, it is bad for business and bad for communities that need access to economic opportunity,” said JPMorgan Chase Chairman and CEO Jamie Dimon in a statement. “Giving more people a second chance allows businesses to step-up and do their part to reduce recidivism, hire talented workers, and strengthen the economy.”The financial services company's decision to ban the box is part of a broader initiative to advocate for reforms to make it easier for those with criminal backgrounds to be part of the workforce. JPMorgan Chase said it will advocate for restoration of Pell Grants to those with criminal pasts, training for people with criminal backgrounds, and support reforms to Federal Deposit Insurance Corporation's (FDIC) hiring rules. "The FDIC believes that at a minimum, each insured institution should establish a screening process that provides the insured institution with information concerning any convictions or program entry pertaining to a job applicant. This process would include, for example, the completion of a written employment application that requires a listing of all convictions and program entries," the FDIC said in a statement in 2018.JPMorgan Chase's plan has earned the support of two U.S. governors: Utah Governor Gary Herbert and Delaware Governor John Carney. “In Delaware, we know it’s important to offer our neighbors a second chance, to allow Delawareans who have a criminal history to compete for a job and contribute to our success as a state,” said Delaware Governor John Carney. “That’s why we are excited about these initiatives from JPMorgan Chase – a major employer in Delaware. The company is already making important progress on its commitment to hire Delawareans and Americans with criminal backgrounds, which is incredibly important. These additional community investments, and the company’s leadership on second chance policy initiatives, will help build on that progress in our state and across the country.”For more information on JPMorgan Chase's new initiative, click 3186