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Canada’s Aritzia Opening Second Chicago Location

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is expanding in Chicago as it targets both brick-and-mortar and online expansion. According to Chain Store Age , the fashion retailer will open a flagship on Rush Street in Chicago this fall. Canada’s Aritzia Inc. The Vancouver, British Columbia–based company already operates a store in the Windy City, at Water Tower Place.

Chicago 102
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Target Opening Additional Small Stores In NYC And Chicago

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Target has announced it is opening additional small-scale stores in New York City (NYC) and Chicago. In 2016, the company announced it had opened 23 “flex-format” stores — smaller stores less than 50,000 square feet designed for urban shoppers — in metro areas like Chicago, Philadelphia and Berkeley, California. ”

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Online Gambling Player Rush Street Wins Support of Blank Check Firm To Go Public

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Chalk up another major deal for blank check companies, one of Wall Street’s hottest new trends, with online gambling and sports betting company Rush Street Interactive ’s announcement that it will be going public. RSI is projecting $321 million in revenue for its fiscal 2021.

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Analyst Sees $40B Market Cap For Lululemon

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“Assuming LULU can sustain an NKE-like free cash flow multiple, we see a path to a $40 billion market cap. Lululemon’s market cap is currently $29 billion, while Nike’s is $146 billion. In July, Lululemon revealed that it was opening a massive store in Chicago.

Marketing 131
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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. According to Chain Store Age , the German supermarket company will use its partnership with Instacart to roll out the service to 75 major markets, including San Diego, New York City, Miami, Raleigh and Minneapolis.

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Grocery Tracker: Food Markets’ Lag In Online Presence

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In other organic grocery news, former Sprouts Farmers Market CEO and current Chairman Doug Sanders is reportedly stepping down from his board position effective Feb. Chicago residents will also see a one-cent-per-ounce tax. Overall, online retail in the U.S. Online grocery sales are expected to more than double in the U.S.

Online 100
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New Study Suggests Online Lenders Target Vulnerable Consumers

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The Federal Reserve Bank of Cleveland issued new research on the online lending market showing that borrowers end up in more debt than consumers who don’t utilize this method of borrowing. The researchers used data from TransUnion for the study, pinpointing 90,000 borrowers who took out online loans from 2007 to 2012.

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