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High-End Retailers Block Access To Storefronts In New York

PYMNTS

As government measures to decelerate the spread of the coronavirus have come into place, many upscale retailers in New York such as Chanel, Celine and Fendi have blocked access to their shops with plywood. Retail shops in storied retail locations have shut their doors.

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Today In Retail: L’Occitane’s US Division Files For Chapter 11; AutoFi Rolls Out Division For Corporate Clients

PYMNTS

In today’s top retail news, the U.S. Plus, a new Federal Reserve Bank of New York study finds that individuals anticipate that the economy will rebound by next year. division has filed for Chapter 11 bankruptcy in New Jersey. From Community Hubs To In-Store Theater, Retailers Double Down In Digital At NRF.

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How An Online Automotive Deal Is Fueling A Retail Trend

PYMNTS

Automotive sales are increasing going digital — and more consumers are buying more used products of all types online. Online Auto Sales. The deal is not the only recent news involving the online retail sales of automobiles. Retail Waste. Part of that comes from retail waste.

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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.

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NY Mag To Open Pop-Up Shop; Amazon Go Plans New York Store

PYMNTS

Magazines have been testing the waters of brick-and-mortar retail by opening temporary stores in major cities, and New York Magazine is no exception. New York Magazine eCommerce GM Camilla Cho said the project’s aim is to put The Strategist brand in front of a large audience. In Other Brick-and-Mortar News….

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Robots Tasked With Restocking Retailers’ Shelves

PYMNTS

Retailers have been testing out shelf-scanning robots to find out if they can handle restocking a store’s inventory when needed. As a result, shoppers looking to pick up an online order in-store may have to wait for confirmation that the product is actually available at a certain location.

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Retail ?Armageddon? Predictions Spur Alternative Scenarios

PYMNTS

As retail reopens and starts to spur some optimism for the future, a dark number appeared on the scene on Tuesday (June 10). Coresight released a report that says 25,000 retail storefronts will close by the end of the year. consumers have gone online to shop since the pandemic started. PYMNTS research shows that 42.2

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