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Target Opening Additional Small Stores In NYC And Chicago

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Target has announced it is opening additional small-scale stores in New York City (NYC) and Chicago. In 2016, the company announced it had opened 23 “flex-format” stores — smaller stores less than 50,000 square feet designed for urban shoppers — in metro areas like Chicago, Philadelphia and Berkeley, California. ”

Chicago 100
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Retail Pulse: Google Mulls Chicago Flagship; Sam’s Club Repurposed For eCommerce

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It’s not uncommon for online brands to open brick-and-mortar stores, and it seems that Google may be the latest digitally native brand to take the plunge into offline retail. The company is reportedly looking to bring a two-story flagship store to the Windy City, according to the Chicago Tribune. Time will tell.

Chicago 100
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Online Lending And A Tale Of Two Fed Studies

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Online consumer lending – in a variety of forms – has grown explosively over the last decade. Its team of economists takes a rather dim view of the online lending space and the ways in which it recruits and handles its customers – and believes that additional regulation is needed to rein in some of the excesses their research uncovered.

Study 101
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Analyst Sees $40B Market Cap For Lululemon

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“Assuming LULU can sustain an NKE-like free cash flow multiple, we see a path to a $40 billion market cap. Lululemon’s market cap is currently $29 billion, while Nike’s is $146 billion. In July, Lululemon revealed that it was opening a massive store in Chicago.

Marketing 131
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ALDI Expands Online Grocery Delivery To All US Stores

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ALDI has announced that it is expanding its online grocery delivery service to all of its stores in the United States. According to Chain Store Age , the German supermarket company will use its partnership with Instacart to roll out the service to 75 major markets, including San Diego, New York City, Miami, Raleigh and Minneapolis.

San Diego 173
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Grocery Tracker: Food Markets’ Lag In Online Presence

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In other organic grocery news, former Sprouts Farmers Market CEO and current Chairman Doug Sanders is reportedly stepping down from his board position effective Feb. Chicago residents will also see a one-cent-per-ounce tax. Overall, online retail in the U.S. Online grocery sales are expected to more than double in the U.S.

Online 100
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New Study Suggests Online Lenders Target Vulnerable Consumers

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The Federal Reserve Bank of Cleveland issued new research on the online lending market showing that borrowers end up in more debt than consumers who don’t utilize this method of borrowing. The researchers used data from TransUnion for the study, pinpointing 90,000 borrowers who took out online loans from 2007 to 2012.

Study 100