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Retail Rents Falling From Manhattan To Los Angeles

PYMNTS

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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High-End Retailers Block Access To Storefronts In New York

PYMNTS

As government measures to decelerate the spread of the coronavirus have come into place, many upscale retailers in New York such as Chanel, Celine and Fendi have blocked access to their shops with plywood. Retail shops in storied retail locations have shut their doors. In other retail news, department stores in the U.S.

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Retail Pulse: Nordstrom Takes Local Concept To NYC; Grubhub Rolls Out Perks

PYMNTS

Brick-and-mortar retailers are taking small-format, inventory-free locations to big cities: Nordstrom , for instance, is bringing its Nordstrom Local concept to the Big Apple. Beyond New York City, Nordstrom Local has three locations out west in California — Melrose, Brentwood and Downtown Los Angeles.

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Industry Slant // Bo Berg Talks Giant Schnauzers, DJing, Financial Services

Perficient

BB : In 1992, I discovered these online bulletin boards, where you could communicate with people all around the world. I eventually got headhunted to work for City National Bank in Los Angeles. MM: So, you started at City National Bank, and was the bank online before you got there? MM: What happened next?

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How Cargomatic Leverages Geocoding To Meet Pandemic-Driven Supply Chain Challenges

PYMNTS

The pandemic’s onset triggered a mass migration of consumers to online channels to meet their everyday shopping needs, with merchants following suit. Retailers that mainly depended on brick-and-mortar foot traffic had to quickly mobilize distribution services to get their goods to customers. Geocoding's Accuracy And Insights.

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Brandless Expands To Clean Beauty Market

PYMNTS

Online retailer Brandless has expanded its offerings in its clean beauty product line. Launched in 2017, Brandless is an online platform where everything is off-brand, and it all costs $3 or less. The company even opened a pop-up store for a limited time in Los Angeles last month.

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The RealReal Reports Rise In Active Buyers, Better Supply Chain Trends

PYMNTS

Improving trends in New York City and Los Angeles, momentum with virtual appointments and continued strength in the The RealReal B2B vendor program improved our ability to source supply in Q3 and contributed to improving quarter over quarter GMV trends,” The RealReal CEO Julie Wainwright said in the announcement. “We

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