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JANUARY 30, 2020

So-called fast fashion has been a big player in retail for years, but that part of the commerce-and-apparel world is facing some serious challenges. 30) from the Columbia Spectator , which covers news important to students at Columbia University and Barnard College in the global fashion capital of New York City.

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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.

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AUGUST 7, 2018

Welcome to the Five at Five, your late look at the payments and commerce news of the day. Coverage includes Even Financial raising additional funding , Mattress Firm considering bankruptcy , the New York City Council planning to limit ridesharing licenses, Visa buying a stake in Israeli-startup Behalf and Microsoft Pay supporting MasterPass.

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PYMNTS

FEBRUARY 6, 2018

Fanatics , a company that sells Team USA merchandise, has taken a novel approach to Olympic retail this year with a physical store in a major U.S. The store marks a milestone for Team USA: It’s their first in-person retail store outside the Olympic Training Center in Colorado. Retail Gold. The Economics.

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FEBRUARY 6, 2020

It would make sense that the supermarket business might be immune from the cross-currents of retailing in 2020. Three regional players in the organic food retail business — where Whole Foods and parent Amazon rule — have declared bankruptcy over the past month. based natural foods retailer is the third significant U.S.

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JANUARY 13, 2021

The aim of the Starbucks Community Resilience Fund is to support SMBs in areas “with historically limited access to capital,” the release said, to promote racial equality and environmental resilience. Access to capital is especially important amid worries of a second lockdown.

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JUNE 21, 2019

With the bank branch of the future, large institutions such as Capital One and Fifth Third are aiming to create spaces that appeal to millennials around Chicago that provide technical support, financial advice and — in some instances — cappuccino. By the same token, Capital One has brought three Capital One Cafes in Chicago.

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SEPTEMBER 28, 2020

has completed its Chapter 11 bankruptcy protection process and emerged from one of the highest-profile retail collapses since COVID-19 began, the Dallas-based company disclosed. We emerge from Chapter 11 as a stronger, more innovative retailer, brand partner and employer.”. Neiman Marcus Holding Company Inc.

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JUNE 22, 2020

The struggles of Neiman Marcus are the same as other brick-and-mortar retailers, hobbled by peoples’ shift to digital shopping, which has only been supercharged by the pandemic as people were forced to stay indoors. But he said the perils of the pandemic had unfortunately “placed inexorable pressure on our business.”

New York 168

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PYMNTS

JUNE 17, 2020

The retailer said $250 million is available now and a further $150 million will be available as needed after Sept. The company said its capital organization post-emergence is forecasted to take away roughly $4 billion in current debt, without any maturities in the short-term. Neiman Marcus Group has obtained U.S.

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OCTOBER 10, 2018

BuzzFeed is planning to open a toy store in New York City later this fall. New York Post reported that the store, called “Camp,” will be located in an 11,000-square-foot space in Manhattan’s Flatiron District. Freeman, senior managing director at GlassRatner Advisory & Capital Group, recently said.

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NOVEMBER 14, 2018

The Seattle-based eCommerce operator and cloud computing provider decided to build in both Crystal City, an urban area in North Virginia near Washington, D.C., and in Long Island City, a neighborhood in Queens, New York City. In New York City, Amazon’s $1.2

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AUGUST 14, 2018

Welcome to Five at Five, your late look at the day’s payments and commerce news. In addition, two major retail chains have upped their digital efforts, and behavioral biometrics is attracting more of the spotlight. The chain is also rolling out a voice-activated mirror in its flagship New York City location.

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Bank Innovation

SEPTEMBER 3, 2019

Grasshopper Bank, a New York City-based digital bank geared toward startups, is focusing on pain points for founders, who usually have a heightened awareness of user experiences.

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OCTOBER 25, 2017

According to a report in Fortune, the deal will lower HBC’s debt levels and give WeWork a new headquarters in New York City. The move underscores a trend among owners of brick and mortar retailers that need to find more revenue from their struggling retail outlets. billion, noted the report. “We

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FEBRUARY 27, 2020

The startup raised about $2 billion from investors, including SoftBank and venture capital firm Sequoia Capital. Its most recent funding was $100 million in November, led by new investor T. DoorDash’s draft submission follows the company’s valuation of $13 billion at the end of 2019. Rowe Price Group.

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OCTOBER 7, 2020

By the time retailers get to Black Friday , they will have worked through almost two months of sales events – both proprietary and otherwise – from competitors ranging from Amazon to Target to Walmart. COVID-19 shows no signs of abating – in fact, fears of a second wave have already hit New York City, among other metro areas.

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DECEMBER 9, 2019

Macy’s is partnering with the female-led millennial venture capital fund SoGal Ventures to launch an in-store initiative focused on women-owned businesses, Macy’s said in a press release on Thursday (Dec. The retailer is opening SoGifted shops in its flagship Manhattan store and six other locations. Asia Pacific and Europe. Lauderdale.

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SEPTEMBER 8, 2020

That’s the oversimplified view of the business model adopted by Wardrobe , a new kind of peer-to-peer fashion rental company that on Tuesday (Sept. 8) is breaking out of its New York City beta test and into a nationwide launch. And it has renters who are encouraged to share their experiences on social media.

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SEPTEMBER 18, 2019

Among the defining endeavors of our time — at least for the worlds of payment and commerce — has been to bring brick-and-mortar retail stores into the new century. It’s an ongoing effort that has probably seen more failures than success stories, but that’s certainly not keeping people from betting on new innovations.

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NOVEMBER 4, 2019

As the buyer of the luxury retailer brand negotiates with the store’s landlord, Barneys New York’s flagship store on Madison Avenue in Manhattan will stay open for at least another year in a smaller form. Its warehouse stores are located in Central Valley, New York and Livermore, California.

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APRIL 10, 2020

While they will lack the sheer financial clout of federal assistance, they are starting to offer strategies beyond capital infusions that will assist in restarting small business when the crisis passes. Cities alone cannot blunt the impacts for workers and businesses, but they can be vital first responders.”.

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JANUARY 26, 2021

Rental security deposit insurance startup Rhino , based in New York City, has raised $95 million to help reach its goal of saving renters $500 million in 2021. Rental rates have escalated some 36 percent in the past 10 years, according to retail data firm Yardi Matrix.

New York City 151

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PYMNTS

MAY 18, 2017

Short-term retail rental startup Appear Here , a company whose marketplace was built to serve the growing ‘pop-up’ trend in retail, just recently raised some $12 million in a Series B venture funding round. as well as internationally, breaking into Paris and more recently New York City.

New York City 100

New York City New York Retail Online 100

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FEBRUARY 13, 2020

Walmart’s New York City-based concierge shopping service Jetblack is shutting down and laying off most of its 350 staffers, according to reports on Thursday (Feb. Walmart tried to spin off the money-losing unit last year and also discussed possible investors including Microsoft, United Parcel Service and venture capital firms.

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PYMNTS

SEPTEMBER 21, 2017

The brick-and-mortar experience of Toys“R”Us most millennials remember from childhood — with its massive supply and aisles upon aisles of toys — is looking likely to become a relic of a bygone era in retail. We haven’t had the capital to do it.”. The selection at Walmart and Target is not as big.”. We know we need to do it.

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APRIL 5, 2019

It offers amenities such as showers, nap pods and soundproof phone booths, along with functional retail with essential items available. In addition to the current Hudson Yards location, additional New York City locations are planned to roll out this year). Hudson Yards .

Mobile 100

Mobile New York City New York Branding 100

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FEBRUARY 22, 2017

Bulletin — described as “WeWork for retail” — opened its second New York City retail space this week while also raising funds in anticipation of opening additional NYC locations as well as eventually branching out to other cities.

Los Angeles 101

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JULY 22, 2019

Much of the excitement surrounding automated retail — aka cashierless retail — has been driven by Amazon Go, but the enthusiasm for “just-walk-out” technology has been tempered by the stores’ limited locations. The next wave of automated retail might be heralded by U.K.-based New Developments. Retailers vs. Customers.

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PYMNTS

MARCH 26, 2018

The Tesco veteran will work to boost the retailer’s online grocery business as the company’s new president, CNBC reported. There are so many ways technology can change retail and be a force for good in our lives,” Belsham said in a statement. “In

New York City 100

New York City New York Branding Online 100

PYMNTS

AUGUST 16, 2017

Sales during Q2 managed to come in ahead of analyst estimates, and the retailer boosted its earnings forecast for the rest of 2017. percent on the news. Customer traffic was also on the upswing, which was good news as Target has spent the last few quarter losing ground in that area.

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JULY 27, 2018

So much value, in fact, that Five Below has expansion fever in a retail era when it seems most merchants are trying to figure out how to curtail the size of their physical footprint. On Fifth Avenue, the most expensive stretch of retail space in the city, average rents fell 18.2

New York 100

New York New York City Branding Philadelphia 100

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FEBRUARY 10, 2017

Called by some the Warby Parker of hair color, Madison Reed has announced $13 million in new venture capital funding and a newly hired CMO. To obtain funding, Madison Reed upped their game on several fronts, including airing QVC spots and debuting a chatbot and a storefront dubbed the Madison Reed Color Bar in New York City.

New York City 100

New York City New York Capital Branding 100

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FEBRUARY 17, 2020

3 in the best running cities in the U.S., you’d be hard-pressed to find a Chowdahead who doesn’t think Boston is the running capital of the world. They focus on their own direct channels, whether that’s retail stores or their eCommerce platforms. And although Runner’s World magazine had the nerve to rank it No.

Boston 175

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NOVEMBER 19, 2020

We are strong believers that the future of grocery retail involves getting customers the best quality food, exactly when they want it, with the best customer service. Under the terms of the deal, FreshDirect will keep its brand name, be supervised by a seven-member board and continue its independent operations in New York City.

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MARCH 19, 2019

Goop has also notched over $82 million from outside investors and venture capital funds and reportedly has a value of more than $250 million. New Enterprise Associates General Partner Tony Florence said, according to the report, “Gwyneth was super sophisticated in how she thought about the market opportunity.”

Los Angeles 116

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AUGUST 10, 2018

Here’s how Grover works: Either through the Grover website, or via the company’s 10 or so retail partners, a consumer decides to rent a specific product. The idea is that the firms could rent computers and other equipment for employees more cheaply than using capital to buy or lease. We are not a form of sub-prime credit.”.

United States 112

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