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Retail Lease Defaults Have Ripple Effect

PYMNTS

As it does during the first week of every month of the pandemic, attention turns to retail leases. This week found that one of the crisis’ most troubled retailers — Nordstrom — will only pay half of its rent for the balance of 2020. Retail Properties of America, Inc. percent of Q2 2020 rent as of the end of June.

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National ATM Council Says NYC Ordinance Is Costly, Burdensome

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The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. said Renard in the same press release. “In

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Team USA Launches Omnichannel Strategy For Olympic Retail

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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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ATMIA Weighs In On Cashless Retail Ban Debate

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Amazon, of course, stands out as a marquee name in the move to make the retail experience wholly digital commerce. As had been reported late last month, in New York City, the city council held a hearing centered on a bill that would ban stores and restaurants from being able to refuse to accept cash.

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How A New Name Sparked An Unattended Retail Turnaround

PYMNTS

Because, as it turns out, there’s an awful lot in a name when it comes to getting a new idea off the ground – and if one misses the mark, the odds are quite good that consumers won’t get close enough to the product to determine whether its only problem is an unfortunate choice of moniker. But the branding came across somewhat differently.

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Kroger Acquires NYC’s Murray’s Cheese

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National supermarket giant Kroger Co. recently announced its acquisition of iconic New York City–based cheese shop Murray’s Cheese. Kroger and Murray’s Cheese have yet to disclose the financial terms of the deal, though The Wall Street Journal noted that city records show that Kroger dropped $20.6

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NJ’s American Dream Mega-Mall Bucks Mall Vacancy Trend

PYMNTS

The highly anticipated American Dream Mall (ADM) in New Jersey will hold its last opening day celebration in March with almost 100 percent of its 3.3 million square feet fully leased out to retail, food and entertainment tenants, Bloomberg reported on Monday (Jan. 25 with Nickelodeon Universe and an ice skating rink; Nov.

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