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Retail Rents Falling From Manhattan To Los Angeles

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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

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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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Instacart-Walmart Delivery Pact Heats Up Online Grocery Wars

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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.

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Albertsons’ Online Sales Surge 276 Pct As Pandemic Reshapes Shopping

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Digital commerce has skyrocketed at Albertsons , as the supermarket giant posted a triple-digit increase in online sales for its most recent quarter amid soaring demand for grocery delivery and curbside pickup. The increase in online sales also helped offset declines from the closure of some stores and a drop in fuel sales. “We

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

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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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Fitness Platform Raises $5M For Online Workouts

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the Los Angeles-based alternative asset manager. While gyms have been closed and memberships have shrunk, many have shifted their services online, as previously reported in this space. Online classes “allow the club to extend into members’ living rooms or hotel rooms,” Packer said.

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Online Coupon Company Honey Nets Founders $1.5B After Sale

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George Ruan and Ryan Hudson, the co-founders of online coupon service Honey, received a pre-tax haul of $1.5 The men are from Los Angeles and the company was sold for $4 billion. Honey is a service that automatically searches for coupon codes when a person is checking out online. 28) by Bloomberg.

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