Tag: Hit

Paseo Nuevo Shopping Mall Hit with Triple Whammy

After three public meetings that consumed no less than 15 hours, the Santa Barbara Planning Commission had a unanimous one-word answer for owners of the Paseo Nuevo shopping center: “No.” Specifically, the commissioners rejected a development agreement that would have extended the mall owners’ master lease with City Hall — which technically controls the land under the mall — by 28 years. Currently, the mall lease expires in 2065, and the owners are asking for an extension that would take them to 2093.

In light of massive changes afflicting retail shopping in general and the direction of State Street more

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Amazon’s foray into luxe fashion will hit struggling department stores

Amazon announces the launch of Luxury Stores.

Source: Amazon

Amazon’s foray into luxury fashion is the latest blow this year to U.S. department stores, which have been hit especially hard by the coronavirus pandemic

The e-commerce company announced Tuesday the launch of a section on its mobile app called Luxury Stores, kicking off with items from designer Oscar de la Renta’s pre-fall and fall-winter 2020 collections. It said additional luxe fashion brands will be added to the app in the coming weeks. 

Only Amazon Prime members will initially be able to shop this section by invitation, according to Amazon.

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There’s a wave of selling estimated to be in the billions that’s about to hit the stock market

A jogger passes in front of the New York Stock Exchange (NYSE) in New York, on June 17, 2020.

Michael Nagel | Bloomberg | Getty Images

With the S&P 500 up more than 21% for the quarter so far, strategists are handicapping the likelihood that pensions and other funds and investors will sell some of their big stock market gains and buy bonds in the course of the next week.

Estimates of how much could move out of the stock market are wide ranging and JPMorgan analysts say if stocks lose ground as a result, it would be a buying

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As looters hit the Grove mall, a security guard begs them to stop: ‘We’re one of you’

As looters began to descend on the Grove shopping mall on Saturday evening, two security guards outside the Nike store begged protesters not to enter.

“We’re one of you,” one guard said.

Several stores at the upscale shopping mall next to Farmers Market in Los Angeles were hit, including the Nordstrom. A police kiosk at the mall was set on fire but officials were able to extinguish it before it spread.

The crowd rushed into the mall after police attempted to push some of the protesters assembled near 3rd Street. As the looters entered the area, the Grove’s outdoor speakers

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Looters Hit Santa Monica Promenade in Broad Daylight [VIDEO]

FOX 11

Peaceful protests in Santa Monica get overrun by looters on May 31, 2020.

As protests demanding justice following the death of George Floyd take place in major cities across America, peaceful rallies turned violent for the third day in a row in Los Angeles. On Sunday, at around 2 p.m. local time, a calm rally in Santa Monica was disrupted by looters breaking into the 3rd Street Promenade.

Looters were running into stores and grabbing as much merchandise as they could hold in their hands before jumping into getaway cars. Earlier in the day, the Santa Monica Police

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