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Retail Rents Falling From Manhattan To Los Angeles

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retail rents falling in many locales by percentages even greater than those seen in or after the 2007-08 Great Recession. These decreases are historic,” the Real Estate Board of New York wrote in a new report showing that average Manhattan retail asking rents fell in all of the island’s 17 retail corridors during autumn.

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Nordstrom Local Expands In Los Angeles

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Following a positive reception from customers , Nordstrom Local announced two more Los Angeles locations for its hyperlocal retail concept. Overall, Nordstrom’s largest market is Los Angeles: The city has four million customers and 16 full-line, brick-and-mortar stores. and super easy for them.”.

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Whole Foods 365 Expands To Los Angeles

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Whole Foods has expanded its 365 concept to Los Angeles with a new opening in the Silver Lake neighborhood. with a beer from Allegro’s craft brew bar, you’ll find a blend of innovation and convenience,” said Jeff Turnas, president of 365 by Whole Foods Market.

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VC Firm Greycroft Raises $680M In Search Of Next Venmo, Subscription Startups

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Venture capital firm Greycroft , based in New York and Los Angeles, has raised $680 million to fund new startups, according to Bloomberg , looking for "the next Bumble or Venmo.". But after several months of slowing down, IPOs began to flood the market again. IPOs had fallen after the initial onset of the pandemic.

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Shifting The Used Car Market Into Overdrive

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He is the cliché of a profession that has a lot of suede sheen on it, but at least one company is in the market to bring used car sales into the digital future. “We It’s hard to imagine that there’s so much technology and innovation happening up and down the mobility spectrum except for in this market — and it’s a $1.4

Marketing 242
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Walmart Launches 'Modern Fashion Brand'

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The retail giant is starting “a fashion essentials-inspired brand for both men and women created by our in-house design team,” the company said in a news release. The retailer is following in the footsteps of Amazon , which first took aim at the fashion industry in 2016. Today (Sept. These are pieces designed to have staying power.”.

Branding 263
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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 company started in 2018, calling its concept “retail as a service” (RaaS).