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Retail Vacancies Spike In New York City

PYMNTS

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. Rolex and Gucci.

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Luxury Brand Barneys New York Seeks Bankruptcy Protection

PYMNTS

Struggling to compete with online brands, famed Big Apple luxury retailer Barneys New York has put itself up for sale and filed for bankruptcy protection, according to a report by Reuters. . He said one of the first things he bought from the store was a cashmere sweater. .

New York 108
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New York & Co. Parent RTW Retailwinds Auctioned For $40M

PYMNTS

Seven weeks after the corporate parent of New York & Co. RTW Retailwinds , a New York-based specialty apparel retailer, announced the Saadia Group agreed to purchase its eCommerce business at a bankruptcy auction Friday (Aug. banner, Fashion to Figure and HappyxNature brands. 28) for $40 million.

New York 141
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Lowe’s Builds New Image At New York Fashion Week

PYMNTS

There’s a lot that’s new and digital about New York Fashion Week. In fact everything is new from the virtual runways to the individual shows getting precedence over the more general events. Even the sponsorships are new, including home improvement retailer Lowe’s. It might seem to be an unnatural pairing.

New York 160
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Goldman Sachs Will Expand Its Retail Banking Brand Marcus to the U.K.

Bank Innovation

New-York based bank Goldman Sachs is planning to launch an online deposit service in the United Kingdom by mid-2018, a retail service that will be provided under the bank’s year-old ‘Marcus’ brand.

Branding 207
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Authentic Brands Could Buy Arcadia Group And Debenhams

PYMNTS

Authentic Brands is said to be in talks with Debenhams and Arcadia Group administrators, with unnamed sources claiming that the retail company is mulling a bid for the Sir Philip Green retail empire and the retailer, Retail Gazette reported.

Groups 224
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Uber Eats Will Now Deliver Recess, A CBD Drink, In New York

PYMNTS

Recess, a CBD-infused sparkling water company, has announced that it will be available on Uber Eats for delivery to customers in New York City, according to a report by Adweek. Dirty Lemon, another beverage brand, is also on the platform. Eventually, the company plans to expand to other markets, including L.A. “We among others.

New York 172