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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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Instacart-Walmart Delivery Pact Heats Up Online Grocery Wars

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11), reported by CNBC , that retail behemoth Walmart has struck a partnership with Instacart to offer same-day deliver across a few, select markets in the United States, focused on four initial pilots in Oklahoma and California. Amazon, for its part, said online grocery sales tripled in its latest quarter. News came Tuesday (Aug.

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Barneys, Pier 1 And Other Iconic-But-Bankrupt Retailers Are Coming Back To Life 

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Plenty of famous retail chains have collapsed both before and during a pandemic that has slammed brick-and-mortar stores, but some iconic names like Pier 1 , Barneys New York and others are coming back – at least in some fashion. Other well-known brands have died in the physical world, but reopened under new owners as online-only storefronts.

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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. Walmart can “give our customers more of what they want — quality, stylish and accessible fashion,” she said, pointing to the retailer’s work with thredUP. Today (Sept.

Branding 263
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ALDI Expands Online Grocery Delivery To All US Stores

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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.

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Four Things Walmart’s Strong Earnings Say About Retailing To A Pandemic World

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The results reversed a trend from last quarter, where the chain was one of many physical retailers facing a tepid holiday season that missed analyst expectations for sales, comparable-sales growth and earnings across the board. But things have reversed dramatically for the retailer amid the COVID-19 pandemic. percent to $134.6

Retail 221