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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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Toronto To Launch ‘Digital Main Street’ To Help SMBs Get Online

PYMNTS

In Toronto, a new service called DMS ShopHERE , powered by the Schulich School of Business, aims to help small companies and artists move their businesses online. The aim of the program is to help build 3,000 online stores by the end of August.

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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.

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Albertsons’ Online Sales Surge 276 Pct As Pandemic Reshapes Shopping

PYMNTS

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

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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California Court Denies DFPI’s Motion for Preliminary Injunction Against OppFi

CFPB Monitor

On November 30, 2023 at 12:30 PM, ET, Ballard Spahr will hold a webinar entitled “Recent Important Developments in Federal Preemption for National and State Banks: What They Mean for Bank and Nonbank Consumer Financial Services Providers” during which this case will be dissected.