PYMNTS

DECEMBER 26, 2019

Top-tier malls in the country, once thought to be impervious to the changing retail landscape, have been struggling lately, according to a report by The Wall Street Journal. which owns The Mall at Short Hills in New Jersey and the Beverly Center in Los Angeles. a share, from an earlier range of $7.04

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PYMNTS

JANUARY 21, 2021

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. million in 2019, then cut a deal to bring the name back at Saks.

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PYMNTS

MARCH 4, 2020

As Nordstrom reported fourth-quarter results that fell below analyst estimates, shares plummeted on the news – but the department store retailer highlighted a bright spot with its smaller-format stores and services. As reported in September , the retailer brought its Nordstrom Local concept to the Big Apple.

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Los Angeles New York Retail California 141

PYMNTS

JUNE 1, 2020

Riots and looting over the weekend have taken their toll on retail reopening plans all over the U.S. Retail locations of all types and brands went unspared, from Los Angeles to New York City, as protests turned violent. While that retail recovery was not spectacular by any means, it did appear to be growing consistently.

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PYMNTS

MARCH 6, 2020

The same could be same for retail, where foot traffic is key, where wandering customers and impulse buys can propel the top line. And if the reverse is true, if traffic does not materialize, or people look but don’t buy, well, retailers suffer. Some airports are starting to offer rent relief, said the Journal.

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PYMNTS

JULY 22, 2019

Retailers are feeling the heat from high rent costs. According to a report in The Wall Street Journal , while commercial retail rents are down, rent costs still remain higher than prerecession levels in many prime shopping areas, including Manhattan, Los Angeles and Dallas. The retailer fought the rent increase but lost.

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PYMNTS

AUGUST 28, 2020

New Report: Helping Retail Treasurers Navigate The Digital D2C Shift (“How To” Playbook). Not only have retail sales shifted online, but more consumers are buying more of what they want directly from the brand. Report: Helping Retailers Solve The Payments Piece Of The eCommerce Puzzle (Anatomy Of A Consumer Payment Playbook).

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PYMNTS

AUGUST 27, 2020

27) that the Arkansas-based retail giant is scrapping Shoes.com and Bare Necessities, the intimate apparel brand. Earlier this month, the mega retailer shared clues about its launch of Walmart+ , which is expected to compete with Amazon Prime. Bloomberg reported Thursday (Aug. operation in Culver City, California.

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Los Angeles Branding Arkansas Retail 144

PYMNTS

JANUARY 13, 2021

In Los Angeles, Google has similar plans for the former Westside Pavilion, a now-closed 150,000-square-foot shopping center. But anchor tenants Nordstrom and Macy’s left in the 2010s, according to real estate news site Urbanize Los Angeles. Google’s Plan for California’s Iconic Westside Pavilion .

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Los Angeles Google North Carolina Colorado 164

PYMNTS

OCTOBER 16, 2020

In the United States, imports are surging, indicating that retailers are getting ready to stock their (real and virtual) shelves in anticipation of the holiday shopping season. As reported this week, the Port of Los Angeles processed more than 883,000 twenty-foot equivalent units (of cargo capacity) in September, up 13.3

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Los Angeles Data Retail United States 161

PYMNTS

SEPTEMBER 6, 2019

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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Los Angeles Retail New York City New York 101

PYMNTS

JANUARY 25, 2019

Digitally-native furniture and home décor retailer Article has launched an in-house delivery program in Los Angeles and New York. Major retailers are also taking control of getting their products directly to the consumer.

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Retail Los Angeles New York Training 116

PYMNTS

AUGUST 15, 2019

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 Los Angeles location marks the firm’s 20th Car Vending Machine in the U.S. 15) in a press release. . and its first in California.

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Los Angeles North Carolina US Indiana 169

PYMNTS

OCTOBER 1, 2019

grocery stores with locations in Chicago, Philadelphia and Los Angeles. The company has inked over one dozen leases in the Los Angeles area, The Wall Street Journal reported, citing unnamed sources. . The eCommerce retailer is also reportedly eyeing grocery spaces in New Jersey, Connecticut and the New York metro region.

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Los Angeles New Jersey Connecticut Philadelphia 123

PYMNTS

MAY 12, 2020

A team of 50 students from Schulich’s MBA, Master’s and undergraduate programs worked on the service, which will be integrated with Canada’s Digital Main Street program as well as common digital retailers like Shopify , Google, Facebook, Microsoft, eBay and Mastercard Canada.

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Maine Los Angeles Online Washington 240

PYMNTS

SEPTEMBER 21, 2020

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. The retailer is following in the footsteps of Amazon , which first took aim at the fashion industry in 2016. Today (Sept. These are pieces designed to have staying power.”.

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PYMNTS

DECEMBER 3, 2018

Mastercard and Next Retail Concepts announced a new way to shop online this holiday season, with a new digital environment that lets shoppers browse and buy as if they were in a physical store. In a press release , the two companies announced they are launching the platform with Fred Segal, the retail brand. ”

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Retail Los Angeles Branding Customer Experience 109

PYMNTS

MAY 19, 2020

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

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Retail Los Angeles Survey Online 221

PYMNTS

JUNE 28, 2019

With Rent The Runway ’s second tie-up to grow its reach, the fashion rental company is bringing drop boxes to four Los Angeles Nordstrom locations. The drop boxes will be at three Nordstrom locations, with one that will also be brought to the retailer’s full-line store at The Grove, CNBC reported. and Los Angeles.

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PYMNTS

NOVEMBER 2, 2018

Digitally native brands often test the retail waters with pop-up shops, and, after some offline success, they may expand their concepts with permanent locations. The company also opened a permanent store in the Brentwood neighborhood of Los Angeles, California last year. to pick up online purchases via curbside services.

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New York Los Angeles Retail New York City 116

PYMNTS

OCTOBER 6, 2020

Venture capital firm Greycroft , based in New York and Los Angeles, has raised $680 million to fund new startups, according to Bloomberg , looking for "the next Bumble or Venmo.". The firm plans to invest $310 million in early-stage startups and $370 million in growth-stage startups, the report stated.

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PYMNTS

SEPTEMBER 9, 2020

Caught somewhere in the middle is a category that has had a tough run this lost summer of 2020: bridal retailers. A minimony , as the name suggests, is hardly as lucrative as its bigger cousin, matrimony – and that difference has taken a bite out of bridal retail. Smaller retailers are focused on safety as well as agility.

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PYMNTS

FEBRUARY 3, 2020

However, there have been no confirmed cases of coronavirus in Mexico as of yet, said the Los Angeles Times Sunday (Feb. An Uber employee drove a possibly infected passenger from Los Angeles, Mexico City’s Health Ministry verified to the newspaper. As PYMNTS reported , Tech supply company product chains will be disrupted.

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PYMNTS

DECEMBER 11, 2018

Retailers are doubling down on toys amid a gap in the market left by the bankruptcy of Toys R Us. toy retailer Hamleys , for instance, is eyeing a potential New York City location for a flagship store. The atmosphere comes as brick-and-mortar retailers have to differentiate themselves from their eCommerce counterparts.

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Retail US New York City Los Angeles 166

PYMNTS

AUGUST 21, 2019

Retailers are looking to do more in smaller spaces, a trend that seems ready to increase during the holiday shopping season and beyond. Among the latest examples of that comes from kids’ eyewear retailer Fitz Frames , which offers face measurements via its mobile app, and a subscription commerce plan for consumers.

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PYMNTS

DECEMBER 21, 2018

It’s a tale of two kinds of brick-and-mortar retailers amid the rise of eCommerce: Some traditional department store chains like JCPenney and Macy’s are shuttering stores, as some retailers with other business models are more than surviving. TJX, the owner of off-priced retailers like T.J.

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PYMNTS

AUGUST 27, 2018

It’s a good time to be a retail chain. Retail Ascent. Retail is on the ascent. In July, retail sales increased 0.5 Economists had only forecasted retail sales going up 0.1 percent, online and mail-order retail sales increased 0.8 Retailer Woes. Not every retailer is experiencing good times, of course.

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PYMNTS

MARCH 15, 2018

As drivers of electric vehicles spend more time waiting at charging stations than drivers of traditional cars spend at the pump, Tesla is planning a retro-themed charging station with retail components in Santa Monica, California. Already, Tesla has built charging stations with some retail components.

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Retail Los Angeles Minnesota San Francisco 116

PYMNTS

AUGUST 10, 2018

Traditional retail locations, ranging from fashion and home furnishings to hardware and department stores, have been forced to make significant changes in the face of heightened competition from eCommerce giants like Amazon and omnichannel powerhouses, like Walmart and its online unit, Jet.com.

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Digital Strategies Retail Strategy Los Angeles 104

PYMNTS

JANUARY 16, 2020

The store is an expansion of one of Amazon’s new concepts that hasn’t been talked about much in comparison to the company’s other retail initiatives, like Amazon Go. This is the sixth pop-up store Amazon will have built recently, with others in Las Vegas and Los Angeles, as well as Chicago, Denver and Houston.

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Seattle Las Vegas Los Angeles Houston 132

PYMNTS

FEBRUARY 2, 2020

So-called “ghost” kitchens can take over retail, mall and warehouse space abandoned by struggling merchants. The first kitchens are being rolled out in New York, Chicago, San Francisco, Los Angeles and Miami, said Sam Nazarian, chief executive of SBE. Accor has a 50 percent stake in SBE.

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Los Angeles San Francisco Miami Atlanta 141

PYMNTS

MAY 11, 2018

The company told Forbes that its goal is to provide a physical location where those small businesses can sit down across the table from experts who can help them navigate the turbulent retail waters ahead. and Canada — some of them open now, some slated to open isoon in cities such as Miami, Los Angeles and Philadelphia.

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Retail Los Angeles San Diego Michigan 101

PYMNTS

AUGUST 6, 2019

What to do with retail malls? That is among the latest trends as retail reinvents itself, and technology and other trends force new uses for old commerce spaces. Malls are not exactly the hotspots of coolness and retail activity they once were. retailers so far this year than in all of 2018. New Investment.

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Retail Innovation Minnesota Los Angeles 108

PYMNTS

JUNE 25, 2020

Users of the platform can receive the first access to the company’s wide wholesale selection, with the inclusion of recent retail trade-ins, covering a variety of different vehicles. Last August, Carvana opened a car vending machine in the Westminster section of Los Angeles.

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Los Angeles National Retail Operations 242

PYMNTS

JANUARY 28, 2020

No Kobe Bryant items were pulled from being sold and Nike didn’t ask retailers to send them back, as had been previously reported. “We will not be selling any Kobes till further notice,” RIF Los Angeles announced in a statement. A Nike spokesman confirmed to The Wall Street Journal that the merchandise had sold out.

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PYMNTS

DECEMBER 26, 2019

This year, apps aimed to make it easier and more convenient for consumers to order their favorite foods and sundries, with restaurants and other retailers tapping into delivery. To help bring these options to more consumers, retailers and technology companies decided to join forces. and Chicago.

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PYMNTS

JANUARY 8, 2020

Case in point, Stockwell: a self-service retail venture that got off on a very wrong foot with customers by, among other things, choosing the wrong name. There are now over 1,000 Stockwell machines spread across the San Francisco Bay Area, Los Angeles, Houston and Chicago.

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Retail Los Angeles Branding San Francisco 130