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LA’s consumer goods rental service, Joymode, sells to the NYC retail investment firm, XRC Labs

TechCrunch LA

After raising $15 million in financing from one of technology’s most successful global investment firms, the Los Angeles-based consumer goods rental company Joymode is selling itself to an early-stage retail investment firm out of New York, XRC Labs. “From day one, my belief was Joymode was going to be huge or dead.

Invest 263
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Postmates is launching a new retail delivery feature as brick and mortar stores face 14% drop in sales

TechCrunch LA

Postmates is now rolling out what could be the biggest update to the company’s service in a long time — adding a retail option for users to shop local stores and for local merchants to set up a virtual on-demand storefront in the app. ” Postmates new senior vice president of retail, Mike Buckley. earlier this month.

Sales 249
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MARQUE Luxury Opens Retail Location In Houston

socalTECH

Irvine-based MARQUE Luxury, which provides wholesale, pre-owned designer handbags and other goods, says it has opened up a new, retail location in Houston, Texas. The company said its new "Re-commerce Hub" will display its product offerings, including designer bags, watches, jewelry, and accessories.

Commerce 113
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Electronics Retailer Newegg Staffing Up

L.A. Business Journal

the City of Industry-based electronics retailer, is bolstering its staff for the holiday season. Newegg Inc.,

NewEgg 130
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Oblong Wins Big Box Retailer

socalTECH

Los Angeles-based Oblong , the developer of collaboration and remote meeting technology, reported a win with an an-named S&P 500 big box retailer this morning.

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Fifth Wall Raises New, $100M Retail Fund

socalTECH

Los Angeles-based venture investor Fifth Wall has raised a new, $100M venture capital fund, which it says will invest in "emerging brands and retail concepts". The new $100M Retail Fund is backed by real estate owners and service providers, including Acadia Realty Trust, Cushman & Wakefield, Macerich, and Nuveen Real Estate.

Funding 113
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Sonos Hit By Retail Shutdown

socalTECH

Santa Barbara-based whole home audio system and smart speaker manufacturer Sonos released its second quarter results on Wednesday, saying that its revenues have been hit by the widespread closure of physical, retail stores due to the COVID-19 pandemic, even as it has seen an increase in usage of its products.