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Vans Skates Into LA With Community-Driven Concept

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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. The latest store, called Forum, opened in Los Angeles on Nov.

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On-Demand Delivery Service Munchery Ceases Operations

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That came after it shut down service in Seattle, Los Angels, and New York. In May Munchery said it was planning to focus on its largest market, which was San Francisco, in an effort to become profitable. That never happened, prompting its action earlier this week.

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Uber Seeks Investors To Launch Startup For Postmates X Delivery Robot

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Postmates started trialing sidewalk delivery bots in 2017 and launched Serve in December 2018, with a commercial rollout planned in Los Angeles. It’s now commercially operating in both Los Angeles and San Francisco. food delivery, boosting its market share from 29 percent to 37 percent.

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7-Eleven Launches Beer Delivery In Select US Markets

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Convenience store operator 7-Eleven is launching beer and cider delivery in select U.S. ” According to Fortune , the company will test the service in 18 markets: Austin, Texas; Charlotte, North Carolina; Chicago, Illinois; Dallas-Ft. .” Worth, Texas; Los Angeles, California; Miami-Ft.

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Walmart Divests Of Shoes.com, Bare Necessities Brands As Part Of Digital Streamlining

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CriticalPoint Capital, a Los Angeles merger and acquisition advisory and investment bank, will acquire the shoe website while the lingerie platform will be purchased by Delta Galil Industries, an Israeli manufacturer and marketer of branded and private label apparel products for men, women and children.

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Axos Bank Expands Commercial Presence In NYC, LA

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Axos Bank parent company Axos Financial has rolled out out commercial banking operations across new markets in the U.S., The bank is targeting the middle-market and niche clientele, it noted. Axos Bank is also focusing on the small and medium-sized business (SMB) market. The bank announced Thursday (Aug.

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Distressed US Commercial Real Estate Lost 27 Pct Of Value, Wells Fargo Data Shows

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The Financial Times (FT) reported the evidence of the losses can be seen in the commercial mortgage-backed securities (CMBS) market from appraisals. Hotels have been especially hard hit as travel has diminished amid COVID-19 shutdowns, with many operators reporting single-digit occupancy rates. Commercial properties in the U.S.