article thumbnail

Retail Rents Falling From Manhattan To Los Angeles

PYMNTS

retail rents falling in many locales by percentages even greater than those seen in or after the 2007-08 Great Recession. These decreases are historic,” the Real Estate Board of New York wrote in a new report showing that average Manhattan retail asking rents fell in all of the island’s 17 retail corridors during autumn.

article thumbnail

Can 5G Power Retail Drone Deliveries?

PYMNTS

The company finished the first stage of testing in conjunction with McDonald’s at San Diego State University. UPS , too, is going down the drone path – one that Amazon pioneered for retail delivery uses – and is seeking a certification to operate commercial drone flights. The company applied to the U.S.

Retail 169
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Uber Eats Sees 59 Pct Spike In European Grocery Delivery

PYMNTS

In Britain, Uber Eats has nine networks of convenience stores and over 700 shops on its platform, and is in talks with other retailers and supermarket groups, Ficaja said. She said Uber Eats enabled the market to bring necessities to people in a way that is safe as well as convenient.

article thumbnail

Einride Presses The Pedal On Autonomous Delivery

PYMNTS

The pilot will provide service to customers in Olmos Park, just outside of downtown San Antonio where the grocery retailer is based,” according to TechCrunch. the grocery retailer, and Nuro, the SoftBank -backed robotics company, announced in March the launch of their autonomous grocery delivery service in Houston.

Houston 116
article thumbnail

AT&T Jumps On The 5G Bandwagon

PYMNTS

Dallas, Houston, Indianapolis, Jacksonville, Fla., San Antonio and Waco, Texas. There are plans to expand service in the first half of 2019 to parts of 7 additional cities, including Las Vegas, Los Angeles, Nashville, Orlando, San Diego, San Francisco, and San Jose, Calif. Louisville, Ky.,

Las Vegas 128
article thumbnail

What’s The Reward For Early 5G Deployment? Asia Will Soon Find Out

PYMNTS

It’s difficult to say what retail and payments use cases will emerge from these early 5G deployments in South Korea – but they are coming, and not just from that country. A big part of the 5G pitch involves its retail capabilities. The work toward 5G services that could directly impact payments and commerce has started. In the U.S.,

Las Vegas 161
article thumbnail

McDelivery Is McDominating In 1,000 New Markets

PYMNTS

On Wednesday (May 31), McDelivery with UberEATS launched at locations in the New York Metro Area, Fresno, Seattle, Denver, Dallas, Houston, San Antonio and Washington, D.C.

Las Vegas 104