PYMNTS
JANUARY 23, 2020
The New York City Council on Thursday (Jan. 23) passed a ban on cashless food and retail stores. Applebaum added that communities of color in New York City are more than twice as likely to lack access to a bank and are less likely to host a branch of a bank than the national average.
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. The hardest-hit area appeared to be New York City.
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PYMNTS
MARCH 18, 2020
For most retailers, this virus thing is starting to hurt. Retailers are now in full-on battle mode,” said Jefferies Analyst Randal Konik , who foresees a 90 percent to 100 percent drop in mall traffic. For retailers, this is now about near-term survival.”. “For For retailers, this is now about near-term survival.”.
PYMNTS
SEPTEMBER 29, 2020
Bankruptcy filings are surging in New York City with almost 6,000 closures, representing a 40 percent increase, according to Bloomberg , and it's forecasted to keep getting worse. The spikes were especially concentrated in the south Brooklyn and Queens neighborhoods with large Orthodox Jewish communities observing Yom Kippur.
PYMNTS
FEBRUARY 24, 2020
As 2020 unfolds, the retail business has been dramatically altered. But with consumer spending holding steady, it’s important for retailers to grasp the opportunity to create innovative ways to get, keep and grow customers. And retailers that deploy experiential tactics drive repeat purchases at rates nearly twice those who don’t.
PYMNTS
MAY 7, 2020
State governments are dropping the ball on retail reopenings. As the week plays out, inconsistent direction and confusion have been standard with New York, Texas, California and Hawaii getting criticized by retailers big and small. We are not telling locals that feel it’s too soon, too fast, to modify.
PYMNTS
JANUARY 28, 2020
And in the world of retail, those choices — about where to invest — are becoming harder and colder for some executives as they try to figure out where commerce is going in the next few years, and what is worth putting fresh money into. Hard, cold choices are usually involved. More Consumer Appeal.
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