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Vans Skates Into LA With Community-Driven Concept

PYMNTS

Youth-oriented shoe and apparel brand Vans has found the intersection of both, as seen in its most recent store opening this past week in Los Angeles. The experiential retailer b8ta is also launching a new community-driven store, this one aimed at fashion and lifestyle apparel. The concept doesn’t always have to be altruistic.

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Hertz Partners With Shift Technologies

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Rental car giant Hertz recently announced it teamed up with startup Shift Technologies , said Fortune. Shift Technologies is an online used-car marketplace. Under the new deal, Shift Technologies will feature and sell used vehicles from Hertz’s rental inventory, giving Hertz access to an additional retail sales channel.

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Retail's Digital Shift, SPACs, And DoorDash's IPO Plans Top This Week's News

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Goldman Sachs is pondering a $2 billion venture and growth fund that could boost its stature in the world of technology investing and help it court bigger investors and investments. New Report: Helping Retail Treasurers Navigate The Digital D2C Shift (“How To” Playbook). Goldman Sachs Eyes Creating $2B Tech Fund. Trackers and Reports.

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VC Firm Greycroft Raises $680M In Search Of Next Venmo, Subscription Startups

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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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Amazon Advances Grocery Store Plans

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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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Mastercard, Next Retail Concepts Launch New Digital Shopping Experience

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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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Retailers Rethink Store Concepts, Digital Strategies Amid New Realities

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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.