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Some major New York City retail properties — including the shopping center at Hudson Yards — are only producing 50 percent of pre-pandemic rent, the CEO of major Big Apple landlord Related Cos. People have left the city. This is about bringing New York back to life. MORE
Following the lead of other municipalities, New York City could be going fur-free with a proposed law on the horizon. Council Speaker Corey Johnson recently introduced a bill to ban companies from selling fur apparel in the city, which comes after similar efforts in cities such as West Hollywood, Calif., Two other cities in California — San Francisco and Berkeley — have also passed similar laws. Retail fashion Fur new york city News regulation What's Ho MORE
New York City might shutter nonessential businesses in multiple districts and prohibit groups of over 10 individuals, city officials cautioned, The Wall Street Journal reported. The warning come as city leaders said on Friday (Sept. MORE
Those yard-long paper receipts that spew from cash registers may be following plastic bags and foie gras into the dustbin of New York City history. Point-of-sale Retailers Compliance New York MORE
New York City Mayor Bill de Blasio said the city is set to enter the last phase of reopening on Monday (July 20), Bloomberg News reported. The final phase of reopening the city includes opening doors at zoos and botanical gardens, and allows outdoor movie production to resume. It will also be expanded to include another 40 city blocks, including Chinatown, the mayor said. New York City is the last state region to enter Phase 4. MORE
After facing resistance from politicians and protestors, Amazon is reportedly rethinking its planned New York City campus. The eCommerce retailer, which had intended to bring 25,000 jobs to the city, hasn’t acquired office space for the effort as of now, The Washington Post reported. While Virginia officials provided the company with an incentive package, the state of New York is not projected to provide final approval for another year. MORE
In a filing with New York’s State Department of Labor Monday (Aug. The iconic hotel on West 42nd Street was shuttered and furloughs began in mid-March as COVID-19 struck the city, The Wall Street Journal (WSJ) reported. The Hilton is not the only New York hotel taking a hit. MORE
As it expands in New York City, Nordstrom opened the doors to its first-ever flagship store for women and children on West 57th Street across from the new Nordstrom Men’s Store that debuted last April. The new flagship store occupies the base of the Central Park Tower, which the company says is the tallest residential building in the world, according to an announcement. Retail beauty brick and mortar new york city News Nordstrom What's Hot MORE
A new report shows that despite many companies struggling to maintain a culture of innovation, financial services companies are among the top three industries getting it right. DataBank Innovations Online Open Fintech Payments Startups fintechs innovation labs New York City TexasIf it feels like innovation has been one of the hot themes of 2017 in the financial world, it’s because its true. MORE
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. Overall, the 24-neighborhood analysis indicates that vacancy has grown across the city’s five boroughs. Earlier this year, news surfaced that rents were falling and vacancies were rising on New York’s storied Fifth Avenue. MORE
IBM is excited to be hosting the 2019 Sales Performance Management Summit, being held in New York City for sales executives and compensation leaders. Also discussed will be product demos about the new capabilities and features of the most recent release of IBM Incentive Compensation Management (ICM). Featured Carousel Featured Homepage Sales Performance Management events ICM Incentive Compensation Management New York NYC MORE
Dining out in New York City could soon be a reality again. More than two months after New York City was locked down to prevent the spread of COVID-19, Mayor Bill de Blasio said his goal is to reopen eateries in July, Bloomberg reported. “We’ll We’ll do what it takes to help this key part of New York City, its economy, the wellspring of the livelihood of hundreds of thousands of New Yorkers, to come back strong,” the mayor said, according to Bloomberg. MORE
As the company modernizes and reimagines the customer experience in stores located in high-traffic metropolitan areas, Starbucks plans to open a Starbucks Pickup store in New York City on Tuesday (Nov. In separate news, Starbucks reported growth in the ranks of its rewards program membership as it continues to pursue new opportunities to expand digital customer relationships. MORE
s Jet.com unit is getting into the same-day grocery delivery market, gearing up to offer the service in New York City. Bloomberg , citing a statement the company made via email, reported that Jet plans on opening up a fulfillment center in the Bronx in the fall that will enable same-day and next-day delivery of groceries in New York City. Jet told Bloomberg the new fulfillment center will result in the creation of hundreds of new jobs. MORE
was named chairman of the New York City Ballet, the largest dance organization in the U.S. Payment cards Charles Scharf Visa New YorkCharlie Scharf, the former chief executive officer of Visa Inc., MORE
As the pandemic continues to bash the economy, all too many New York City apartment dwellers simply can’t pay the rent. He added that the total amount of what the city’s renters owe, including those in apartments that aren’t rent-regulated, would probably add up to $2 billion. MORE
Sleep Number is opening a new brick-and-mortar store in the New York City’s Flatiron District, adding to its portfolio of over 560 locations. Our new Sleep Number store in the Flatiron District demonstrates the transformative impact of our smart beds on individual comfort, restfulness and well-being.”. With the store experience, shoppers can see a digital map that shows how people in neighborhoods across the city are sleeping. MORE
The struggling New York City restaurant industry was dealt a blow on Friday (Dec. 11) when New York Gov. In New York City , you put the CDC caution on indoor dining, together with the rate of transmission and the density and the crowding, that is a bad situation. MORE
Capital OCC City of New York, NY De novo institutions Growth strategiesThe group behind NewBank is pursuing a charter with the Office of the Comptroller of the Currency to offer banking services nationwide. MORE
New York City will reinstate indoor dining as of Sept. The reason for the reopening of indoor dining, Cuomo said, is because compliance with distancing restrictions among New York City restaurants has now exceeded 99 percent. MORE
New debt collection rules creating requirements relating to consumers’ language proficiency are set to take effect in New York City on June 27, 2020. The new rules amend NYC’s existing debt collection regulations applicable to creditors collecting their own debts as well as third-party collection agencies. Debt Collection Limited English Proficiency Regulatory and Enforcement debt collection language new york MORE
intends to provide a $20,000 bonus to workers who choose to leave San Francisco, Seattle or New York while reducing their base salaries by up to 10 percent, Bloomberg reported, citing an unnamed source. MORE
Eighty-seven percent of New York City restaurants, bars and other such venues couldn't pay their full rent during August, according to the most recent Rent Report from the NYC Hospitality Alliance. Economy economy new york city News Rent Payments Restaurants What's Hot MORE
The new Fiscal Outlook from the New York City Independent Budget Office finds that the COVID-19 pandemic has likely made it so the city's economy won't fully recover for years. Coronavirus Consumer Spending debt economy new york city News What's Hot MORE
New York City Mayor Bill de Blasio is attempting to dissuade city residents from traveling out of state for the holidays in hopes of containing the spread of COVID-19, CNBC reported. De Blasio said his guidelines came from directives from the city's health experts. MORE
Dining out has taken on new meaning in New York City. Open Street, the city program that closes street blocks to vehicular traffic, will also be permanent. “I Retail Coronavirus new york city News Restaurants What's Hot MORE
Residents of Manhattan and Brooklyn can now use Mercari ’s new Mercari Now service in conjunction with Postmates to sell each other goods without having to physically connect, the company announced in a press release Tuesday (Oct. The company said the New York offering follows a successful three-month trial program in San Francisco. CEO John Lagerling said the company has a loyal user base in New York City. MORE
For years, New York City has been at the epicenter of United States’ culture with the fashion and entertainment industries leading the way. With the top modeling agencies, MTV and the home of American broadway plays, there’s no denying New York City is bustling with creativity. With a big focus on technology in Silicon Valley and Boston, New York City slowly made its way to becoming a powerhouse tech player. MORE
The New York City real estate market, battered like other economic sectors by the coronavirus pandemic, is seeing lower rates than it has in almost a decade. Because of the current conditions, some of the most expensive listings in the area are being discounted as property owners try to hook in new buyers. Real Estate Coronavirus economy new york city News real estate Retail What's Hot MORE
As discussed in our June 12th post , the New York City Department of Consumer Affairs (“DCA”) issued new debt collection rules related to limited English proficiency servicing. MORE
It could cost more to dine in New York City restaurants. The City Council approved an optional 10 percent fee restaurateurs can charge to ease the financial hardship brought on by COVID-19, The Wall Street Journal reported. MORE
s Jet subsidiary is ending its fresh-food delivery business just a year after introducing the service in New York City, another sign that the urban-focused site is scaling back. Walmart Inc.’s ISO and agent Retailers Digital payments Online payments Walmart MORE
Fast forward 90 years and New York City is suddenly seeing a big jump in the number of street vendors as the jobless try to find new ways to make ends meet, The Wall Street Journal (WSJ) reported. Economy economy new york city News Retail What's Hot MORE
The New York City Council on Thursday (Jan. Applebaum added that communities of color in New York City are more than twice as likely to lack access to a bank and are less likely to host a branch of a bank than the national average. Praising Torres and the other councilmembers, he said the bill would ensure that everyone can shop or eat at any place in the city. 23) passed a ban on cashless food and retail stores. MORE
Berlin-based chauffeur service Blacklane is directly challenging Uber and Lyft in the short-distance passenger trip business, beginning Monday (March 1) in New York City, The Wall Street Journal (WSJ) reported. MORE
SEPTEMBER 29, 2020
Bankruptcy filings are surging in New York City with almost 6,000 closures, representing a 40 percent increase, according to Bloomberg , and it's forecasted to keep getting worse. Economy bankruptcy economy new york city News Restaurants Retail What's Hot MORE
New York City Related Topics 
PYMNTS
JANUARY 6, 2021
The new Fiscal Outlook from the New York City Independent Budget Office finds that the COVID-19 pandemic has likely made it so the city's economy won't fully recover for years. Coronavirus Consumer Spending debt economy new york city News What's Hot
PYMNTS
NOVEMBER 3, 2020
Fast forward 90 years and New York City is suddenly seeing a big jump in the number of street vendors as the jobless try to find new ways to make ends meet, The Wall Street Journal (WSJ) reported. Economy economy new york city News Retail What's Hot
PYMNTS
JANUARY 23, 2020
The New York City Council on Thursday (Jan. Applebaum added that communities of color in New York City are more than twice as likely to lack access to a bank and are less likely to host a branch of a bank than the national average. Praising Torres and the other councilmembers, he said the bill would ensure that everyone can shop or eat at any place in the city. 23) passed a ban on cashless food and retail stores.
PYMNTS
SEPTEMBER 27, 2019
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. Overall, the 24-neighborhood analysis indicates that vacancy has grown across the city’s five boroughs. Earlier this year, news surfaced that rents were falling and vacancies were rising on New York’s storied Fifth Avenue.
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PYMNTS
AUGUST 27, 2020
Some major New York City retail properties — including the shopping center at Hudson Yards — are only producing 50 percent of pre-pandemic rent, the CEO of major Big Apple landlord Related Cos. People have left the city. This is about bringing New York back to life.
PYMNTS
APRIL 2, 2019
Following the lead of other municipalities, New York City could be going fur-free with a proposed law on the horizon. Council Speaker Corey Johnson recently introduced a bill to ban companies from selling fur apparel in the city, which comes after similar efforts in cities such as West Hollywood, Calif., Two other cities in California — San Francisco and Berkeley — have also passed similar laws. Retail fashion Fur new york city News regulation What's Ho
|
PYMNTS
OCTOBER 24, 2019
As it expands in New York City, Nordstrom opened the doors to its first-ever flagship store for women and children on West 57th Street across from the new Nordstrom Men’s Store that debuted last April. The new flagship store occupies the base of the Central Park Tower, which the company says is the tallest residential building in the world, according to an announcement. Retail beauty brick and mortar new york city News Nordstrom What's Hot
PYMNTS
JUNE 4, 2020
Dining out in New York City could soon be a reality again. More than two months after New York City was locked down to prevent the spread of COVID-19, Mayor Bill de Blasio said his goal is to reopen eateries in July, Bloomberg reported. “We’ll We’ll do what it takes to help this key part of New York City, its economy, the wellspring of the livelihood of hundreds of thousands of New Yorkers, to come back strong,” the mayor said, according to Bloomberg.
PYMNTS
JULY 17, 2020
New York City Mayor Bill de Blasio said the city is set to enter the last phase of reopening on Monday (July 20), Bloomberg News reported. The final phase of reopening the city includes opening doors at zoos and botanical gardens, and allows outdoor movie production to resume. It will also be expanded to include another 40 city blocks, including Chinatown, the mayor said. New York City is the last state region to enter Phase 4.
PYMNTS
OCTOBER 6, 2020
Residents of Manhattan and Brooklyn can now use Mercari ’s new Mercari Now service in conjunction with Postmates to sell each other goods without having to physically connect, the company announced in a press release Tuesday (Oct. The company said the New York offering follows a successful three-month trial program in San Francisco. CEO John Lagerling said the company has a loyal user base in New York City.
PYMNTS
APRIL 16, 2020
The New York City real estate market, battered like other economic sectors by the coronavirus pandemic, is seeing lower rates than it has in almost a decade. Because of the current conditions, some of the most expensive listings in the area are being discounted as property owners try to hook in new buyers. Real Estate Coronavirus economy new york city News real estate Retail What's Hot
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PYMNTS
MARCH 17, 2017
For years, New York City has been at the epicenter of United States’ culture with the fashion and entertainment industries leading the way. With the top modeling agencies, MTV and the home of American broadway plays, there’s no denying New York City is bustling with creativity. With a big focus on technology in Silicon Valley and Boston, New York City slowly made its way to becoming a powerhouse tech player.
PYMNTS
NOVEMBER 1, 2019
As the company modernizes and reimagines the customer experience in stores located in high-traffic metropolitan areas, Starbucks plans to open a Starbucks Pickup store in New York City on Tuesday (Nov. In separate news, Starbucks reported growth in the ranks of its rewards program membership as it continues to pursue new opportunities to expand digital customer relationships.
PYMNTS
SEPTEMBER 15, 2020
intends to provide a $20,000 bonus to workers who choose to leave San Francisco, Seattle or New York while reducing their base salaries by up to 10 percent, Bloomberg reported, citing an unnamed source.
PYMNTS
FEBRUARY 28, 2021
Berlin-based chauffeur service Blacklane is directly challenging Uber and Lyft in the short-distance passenger trip business, beginning Monday (March 1) in New York City, The Wall Street Journal (WSJ) reported.
Payments Source
NOVEMBER 22, 2019
s Jet subsidiary is ending its fresh-food delivery business just a year after introducing the service in New York City, another sign that the urban-focused site is scaling back. Walmart Inc.’s ISO and agent Retailers Digital payments Online payments Walmart
Payments Source
DECEMBER 5, 2019
Those yard-long paper receipts that spew from cash registers may be following plastic bags and foie gras into the dustbin of New York City history. Point-of-sale Retailers Compliance New York
PYMNTS
JULY 11, 2018
s Jet.com unit is getting into the same-day grocery delivery market, gearing up to offer the service in New York City. Bloomberg , citing a statement the company made via email, reported that Jet plans on opening up a fulfillment center in the Bronx in the fall that will enable same-day and next-day delivery of groceries in New York City. Jet told Bloomberg the new fulfillment center will result in the creation of hundreds of new jobs.
PYMNTS
AUGUST 14, 2018
Sleep Number is opening a new brick-and-mortar store in the New York City’s Flatiron District, adding to its portfolio of over 560 locations. Our new Sleep Number store in the Flatiron District demonstrates the transformative impact of our smart beds on individual comfort, restfulness and well-being.”. With the store experience, shoppers can see a digital map that shows how people in neighborhoods across the city are sleeping.
PYMNTS
JANUARY 14, 2021
As the pandemic continues to bash the economy, all too many New York City apartment dwellers simply can’t pay the rent. He added that the total amount of what the city’s renters owe, including those in apartments that aren’t rent-regulated, would probably add up to $2 billion.
PYMNTS
SEPTEMBER 3, 2020
In a filing with New York’s State Department of Labor Monday (Aug. The iconic hotel on West 42nd Street was shuttered and furloughs began in mid-March as COVID-19 struck the city, The Wall Street Journal (WSJ) reported. The Hilton is not the only New York hotel taking a hit.
PYMNTS
DECEMBER 11, 2020
The struggling New York City restaurant industry was dealt a blow on Friday (Dec. 11) when New York Gov. In New York City , you put the CDC caution on indoor dining, together with the rate of transmission and the density and the crowding, that is a bad situation.
Insights on Business
MARCH 27, 2019
IBM is excited to be hosting the 2019 Sales Performance Management Summit, being held in New York City for sales executives and compensation leaders. Also discussed will be product demos about the new capabilities and features of the most recent release of IBM Incentive Compensation Management (ICM). Featured Carousel Featured Homepage Sales Performance Management events ICM Incentive Compensation Management New York NYC
PYMNTS
SEPTEMBER 17, 2020
It could cost more to dine in New York City restaurants. The City Council approved an optional 10 percent fee restaurateurs can charge to ease the financial hardship brought on by COVID-19, The Wall Street Journal reported.
American Banker
JUNE 10, 2020
Capital OCC City of New York, NY De novo institutions Growth strategiesThe group behind NewBank is pursuing a charter with the Office of the Comptroller of the Currency to offer banking services nationwide.
PYMNTS
SEPTEMBER 22, 2020
Eighty-seven percent of New York City restaurants, bars and other such venues couldn't pay their full rent during August, according to the most recent Rent Report from the NYC Hospitality Alliance. Economy economy new york city News Rent Payments Restaurants What's Hot
PYMNTS
SEPTEMBER 29, 2020
Bankruptcy filings are surging in New York City with almost 6,000 closures, representing a 40 percent increase, according to Bloomberg , and it's forecasted to keep getting worse. Economy bankruptcy economy new york city News Restaurants Retail What's Hot
PYMNTS
SEPTEMBER 25, 2020
Dining out has taken on new meaning in New York City. Open Street, the city program that closes street blocks to vehicular traffic, will also be permanent. “I Retail Coronavirus new york city News Restaurants What's Hot
Bank Innovation
DECEMBER 15, 2017
A new report shows that despite many companies struggling to maintain a culture of innovation, financial services companies are among the top three industries getting it right. DataBank Innovations Online Open Fintech Payments Startups fintechs innovation labs New York City TexasIf it feels like innovation has been one of the hot themes of 2017 in the financial world, it’s because its true.
CFPB Monitor
AUGUST 7, 2020
As discussed in our June 12th post , the New York City Department of Consumer Affairs (“DCA”) issued new debt collection rules related to limited English proficiency servicing.
PYMNTS
SEPTEMBER 9, 2020
New York City will reinstate indoor dining as of Sept. The reason for the reopening of indoor dining, Cuomo said, is because compliance with distancing restrictions among New York City restaurants has now exceeded 99 percent.
PYMNTS
SEPTEMBER 25, 2020
New York City might shutter nonessential businesses in multiple districts and prohibit groups of over 10 individuals, city officials cautioned, The Wall Street Journal reported. The warning come as city leaders said on Friday (Sept.
PYMNTS
OCTOBER 27, 2020
New York City Mayor Bill de Blasio is attempting to dissuade city residents from traveling out of state for the holidays in hopes of containing the spread of COVID-19, CNBC reported. De Blasio said his guidelines came from directives from the city's health experts.
CFPB Monitor
JUNE 12, 2020
New debt collection rules creating requirements relating to consumers’ language proficiency are set to take effect in New York City on June 27, 2020. The new rules amend NYC’s existing debt collection regulations applicable to creditors collecting their own debts as well as third-party collection agencies. Debt Collection Limited English Proficiency Regulatory and Enforcement debt collection language new york
Payments Source
APRIL 5, 2017
was named chairman of the New York City Ballet, the largest dance organization in the U.S. Payment cards Charles Scharf Visa New YorkCharlie Scharf, the former chief executive officer of Visa Inc.,
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