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Retail Rents Falling From Manhattan To Los Angeles

PYMNTS

Second, the inability to physically frequent many retail establishments created a new set of online shoppers. “First, household loss of income and shelter-in-place policies reduced current demand for brick-and-mortar retail,” he wrote. Nationwide, Moody’s Analytics estimated that effective retail rents would fall 11.1

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Nordstrom Local Expands In Los Angeles

PYMNTS

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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Instacart-Walmart Delivery Pact Heats Up Online Grocery Wars

PYMNTS

Instacart now delivers from Walmart locations in three California markets — Los Angeles, San Francisco and San Diego — as well as Tulsa, Oklahoma,” Instacart said in a statement. Amazon, for its part, said online grocery sales tripled in its latest quarter. percent.

Online 227
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Carvana Opens Car Vending Machine In LA, Marking 20th In US

PYMNTS

Carvana , the eCommerce platform for buying and selling used cars, opened its latest Car Vending Machine in the Westminster area of Los Angeles, the company announced today (Aug. The company says customers can save time and money by skipping the dealership and shopping online at Carvana.com. 15) in a press release. .

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ALDI Expands Online Grocery Delivery To All US Stores

PYMNTS

ALDI has announced that it is expanding its online grocery delivery service to all of its stores in the United States. ALDI partnered with Instacart in March, first launching the service in greater Chicago, in areas as far as Rockford, Illinois, after testing it out in three markets – Atlanta, Dallas and Los Angeles — in August.

San Diego 173
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Walmart Launches 'Modern Fashion Brand'

PYMNTS

21), I’m excited to introduce Free Assembly , a modern fashion brand that offers elevated style essentials at an incredible value,” said Denise Incandela , senior VP of the women’s group, elevated and online brands. “At So far, 2020 has been better for Amazon than Walmart, with its mix of brick-and-mortar stores and online sales.

Branding 263
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Media Focused Fintech FastPay Picks Up AnchorOps in a Bolt-On Deal

Bank Innovation

Los Angeles based FastPay, a fintech that specializes in providing financing to media companies, has acquired AnchorOps, an electronic payment solutions provider for media buyers. Terms of the transaction were not disclosed.