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Vans Skates Into LA With Community-Driven Concept

PYMNTS

There’s community-based and community-driven. Youth-oriented shoe and apparel brand Vans has found the intersection of both, as seen in its most recent store opening this past week in Los Angeles. The brand is well-known for using its community of skateboarders for design ideas and marketing.

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Allset Notches $8.25M To Improve Restaurant Ordering Experience

PYMNTS

Launched in 2015 by Co-founders Stas Matviyenko and Anna Polishchuk and headquartered in Los Angeles, California, Allset works with more than 2,500 restaurants in 11 major U.S. The new funding will help the company further assist the communities they serve, as well as advance efforts to keep employees safe. We aim to be the No.

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Albertsons’ Online Sales Surge 276 Pct As Pandemic Reshapes Shopping

PYMNTS

“We have accelerated our digital and eCommerce strategy to adapt to market conditions. We generated strong financial performance in the first quarter, including robust cash flow and enhanced liquidity, which support our continued investment to benefit our associates, customers, communities and stockholders,” the statement continued.

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Grocery Round-Up: Amazon Fresh Opens, Whole Foods Cuts Prices And The US Grocery Sales Boom Slows Down 

PYMNTS

The long-awaited first Amazon Fresh brick-and-mortar store officially opened for business in Los Angeles this week, while Whole Foods talked up falling prices. This week, the eCommerce giant gave the public open access to the shop, located in Los Angeles. has had an unbelievable and unexpectedly good year so far.

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eCommerce Grocer Weee Notches Almost $50M In Funding

PYMNTS

The new funding will assist the startup in speeding up team building, supply chain optimizations and market growth. Weee, which was started in 2015, began as a community buying platform that received Asian spices and fresh produce, among other items. Bigbasket competes against Amazon and Flipkart in the Indian eCommerce market.

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OpenTable Feature Lets People Reserve Grocery Shopping Appts

PYMNTS

Right now, the new OpenTable feature is being used by seven businesses throughout San Francisco and Los Angeles — six restaurants that are acting as pop-up markets and one grocery store. The company said it was in “active talks with other national grocers/retailers.”.

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CRE Credit Risk – What You Need To Know Now

South State Correspondent

While the market focuses on deposits and liquidity, media pundits and analysts are waiting for credit problems to appear. CRE Risk Background While ten years ago, community and regional banks use to make up some 55% of the CRE market, in 2023, these banks now compose approximately 72% (below). touched off a wave of bankruptcies.