PYMNTS

SEPTEMBER 27, 2019

As New York City ’s vacancy rate has skyrocketed by nearly 50 percent, a report released by City Comptroller Scott Stringer showed that the amount of empty retail space in the city has doubled in the last 10 years or so. percent in 2017, up from 4 percent in 2007, according to Retail Dive.

New York City 133

New York City New York Retail Taxes 133

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.”.

Retail 161

Retail Groups New York City New Jersey 161

PYMNTS

SEPTEMBER 5, 2019

Luxury retail is being revised — and in some cases, reinvented — and those trends are worth attention as the 2019 holiday shopping season approaches. Not only that, but the luxury online consignment retailer opened a brick-and-mortar store on New York City’s famed Madison Avenue. Indeed, in its recent U.S.

Retail 123

Retail New York New York City Philadelphia 123

PYMNTS

DECEMBER 16, 2019

15), “the City Council is scheduled to hold a public hearing on a plan requiring new retailers in the area to designate at least 500 square feet of space to fresh food. As reported, the measure would apply to discount and dollar stores, often the main source of retail in so-called food deserts.

Retail 131

Retail Oklahoma City New York City Oklahoma 131

PYMNTS

APRIL 10, 2020

For example, Seattle announced that it will allow eligible businesses to defer business and occupation taxes and expand its Small Business Stabilization Fund. According to the JPMorgan Chase Institute , 47% of small businesses have less than two weeks of cash liquidity on hand, with restaurants and retail operating at the slimmest margins.

Maine 141

Maine Seattle San Francisco New York City 141

PYMNTS

DECEMBER 13, 2019

Amazon said it is taking the space in the property, which is being redeveloped, without any of the special tax credits it had been offered previously. And New York City still retains that attraction.”. Alphabet also signed a lease earlier this year for 1.3 Big Play of the Week: The Next Leap Forward In Robotic Delivery .

New York City 131

New York City New York Retail US 131

PYMNTS

DECEMBER 12, 2018

The news is another complication for Amazon in a city where it plans to build a brand-new campus. billion and recruit 25,000 people in the city in the next 15 years. One point of contention is the fact that some New York City politicians were shut out of negotiations with Amazon held by the governor and mayor.

New York 108

New York New York City social media Taxes 108