New York City Council Bans Cashless Food And Retail Stores

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The New York City Council on Thursday (Jan. 23) passed a ban on cashless food and retail stores. Praising Torres and the other councilmembers, he said the bill would ensure that everyone can shop or eat at any place in the city.

Related Cos. CEO Calls For Workers To Come Back To New York City

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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. Retail is obvious struggling," Jeff Blau said on CNBC's "Squawk Box." "We

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Retail Vacancies Spike In New York City

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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. percent in 2017, up from 4 percent in 2007, according to Retail Dive. Average retail rents jumped 22 percent citywide over the past decade, particularly in sections of Manhattan.

New York City Mulls Fur Sales Ban

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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

New York City Sees Lower Rents Due To Pandemic

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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. Real Estate Coronavirus economy new york city News real estate Retail What's Hot

New York City Restaurants Could Reopen In July

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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.

Nordstrom Opens New Flagship Store In New York City

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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

In New York City, paper receipts set to go the way of foie gras

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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

Starbucks To Open Pickup Location In New York City

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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. Retail mobile order ahead News starbucks What's Hot

Walmart’s Jet to cease its New York City fresh grocery business

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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. ISO and agent Retailers Digital payments Online payments WalmartWalmart Inc.’s

Walmart Bringing Same-Day Delivery To New York City

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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.

Sleep Number Unveils New Interactive Store In New York City

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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. The store includes interactive elements, such as a mix-and-match bedding design lab and 3-D imaging, the retailer said in an announcement. Our new Sleep Number store in the Flatiron District demonstrates the transformative impact of our smart beds on individual comfort, restfulness and well-being.”.

Report: One-Third Of NYC SMBs Could Close Permanently

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It’s closing time for many small businesses in New York City. The New York Times said a new report from the Partnership for New York City estimated that one-third of the city’s 240,000 small businesses could close down and vanish. According to the new study, New York City’s small businesses had already trimmed or eliminated 520,000 jobs.

Retailers Woo Homebound Consumers With Big Deals

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As the fast-spreading coronavirus changes daily life and affects every industry sector, businesses are finding new ways to stay afloat and keep customers fed and entertained. Meanwhile, retailers have been advertising price cuts, steep discounts and free shipping in an effort to stimulate eCommerce sales, according to Reuters. The move follows a letter sent to Amazon CEO Jeff Bezos from four senators — Cory Booker and Robert Menendez of New Jersey, Sherrod Brown of Ohio and U.S.

Nordstrom NYC Flagship Features 10 Eateries

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Nordstrom’s recently-opened flagship store in New York City has 320,000-square-feet of shopping across seven floors — and no less than 10 restaurants, making it a destination for eating as well as shopping, Forbes reported on Monday (Dec.

Hudson Yards To Open 100+ Retail Shops

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Hudson Yards is a New York City neighborhood that’s quickly establishing itself as a must-visit destination as Manhattan’s retail influence heads west, bringing with it a technological edge, Forbes reported Sunday (Aug. Since opening in March, The Shops & Restaurants at Hudson Yards has given a home to digitally-native brands, and its seven-level immersive retail experience features some of the hottest clothing trends, where men’s fashion has a front row.

When DTC Experiential Retail Goes To The Theater

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When SHOWFIELDS opened up in New York City a little under a year ago, just in time for the 2018 holiday season, it advertised its experiential retail concept as “the most interesting store in the world.” In the pre-Amazon days when all commerce was brick-and-mortar, shopping was part retrieval mission focused on the goods one was there to purchase, and part scavenger hunt that opened the customer up to find some new and beloved thing.

Second Amazon Go Store Comes To NYC

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comes after the online retailer opened one of the concept locations in New York City in a mall, CNBC reported. The retailer has been experimenting with the offering through an arrangement with Starbucks in Seattle.) New York really fits … what we’re looking for,” said Amazon Vice President of Physical Stores Cameron Janes. “It’s The news comes shortly after the Amazon Go concept first came to New York City.

Lord & Taylor To Open Small NYC Store For Holidays

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Lord & Taylor is opening a small shop in New York City for the holiday shopping season. The retailer closed its iconic 676,000-square-foot NYC store at the beginning of the year. After evaluating best-use scenarios for its New York City Fifth Avenue location, the Company has decided not to maintain a presence at this location,” its parent company, Hudson’s Bay Company, said at the time.

Airbnb Is Cooperating With A Subpoena From NYC

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Airbnb is reportedly complying with a New York City subpoena that wants information about some of its listings, according to reports. According to the agreement, the city is permitted to follow up by submitting another request for de-anonymized data. In other Airbnb news , Angela Ahrendts, the former retail head at Apple, joined the board of Airbnb, according to a report by CNBC. Legal Airbnb homesharing new york city News What's Hot

Target To Open New Location In Times Square 

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Target has announced that it is going to open a new location in Times Square in New York City by 2022, according to a report by CNBC. Target has been ramping up its presence in New York lately, and according to CEO Brian Cornell, the strategy has been working.

Visa Uses NYC Mass Transit To Ignite Contactless Payments

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specifically, the use of such payments for mass transit in New York City. In an new PYMNTS discussion, Dan Sanford, Visa ’s global head of contactless payments, talked with Karen Webster about the May 31 launch of a contactless payments pilot involving the Metropolitan Transportation Authority (MTA) in New York City and Chase. This is really going to change New Yorkers’ daily lives,” Sanford said. The first time is a charm.

Neiman Marcus May Shutter Key Manhattan Store

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Neiman Marcus reportedly may vacate its fashionable year-old digs at the Shops at Hudson Yards in New York City, as its landlord is shopping it to potential tenants as office space. Related Companies and Oxford Properties, developers of the upscale megamall on Manhattan’s West Side, are said to be marketing other retail space in the mall as well, according to the New York Post. Retail Hudson Yards neiman marcus new york city News What's Hot

New Nordstrom Location To Deliver Food And Drink To Shoppers

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Bloomberg is reporting that the new store will have a bevy of innovative options intended to entice customers into spending more time shopping. The retailer has also installed a bar in the shoe department, aptly called the shoe bar, where customers can try cocktails while shopping for footwear. Eight different meals will be served inside the store, including the retailer’s famous chicken tacos, of which it sells about 750,000 per year.

WeWork To Sell Iconic NYC Building To Amazon

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Amazon ’s New York expansion plans will now include the former Lord & Taylor building in downtown Manhattan, as the eCommerce company announced that it will purchase the storied building from office sharing startup WeWork , according to the New York Post. The price tag on the building, famous for being the former New York hub for the shopping retailer, is in excess of $1 billion. Amazon lord & taylor new york city News WeWork What's Hot

Mastercard Offers Refunds For Tap-and-Go Customers In NYC

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Mastercard is running two transportation-friendly holiday season options for cardholders using tap-and-go payment in New York City, the company announced in a release. . This promotion goes through New Year’s Day.

NY Lawsuit Claims Online Retailers Selling e-Cigs To Underage Buyers

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More than 20 online eCigarette retailers are being sued by New York City for allegedly selling to children. New York City requested that a Brooklyn federal judge on Wednesday (Oct. The kids of New York are the pride of our city, but to these companies, they’re just a source of profit,” Mayor Bill de Blasio said. Legal eCigarettes JUUL Lawsuit new york city News vaping What's Hot

The Walmart Amazon Whole Paycheck Tracker: The Delivery Edition 

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Which makes it no surprise that so much of the news out of the race for the consumer’s whole paycheck this week was shipping-centric — and delivery times are about to take on a whole new meaning this week. And New York City still retains that attraction.”.

BuzzFeed To Launch Unique Toy Store In NYC This Fall

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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.

Mastercard Offers Holiday Refunds For Tap-and-Go Customers In NYC

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Mastercard is running two transportation-friendly holiday season options for cardholders using tap-and-go payment in New York City, the company announced in a release. . This promotion goes through New Year’s Day.

Delivery Wars, B2B Payments, Cereal Makers Top This Week’s News

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General Mills is seeking to gain ground on the revenue side by pricing its new Morning Summit cereal at nearly five times the price of standard entries. The new offering is more nut-based and probiotic. Is Paying Consumers For Their Time The Future Of Physical Retail?

What’s Next For Real Estate In Amazon’s HQ2 Cities?

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13) on its new headquarters. 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.

NYC Lawsuit Targets Online eCigarette Companies

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More than 20 online eCigarette retailers are being sued by New York City for allegedly selling to children. New York City requested that a Brooklyn federal judge on Wednesday (Oct. The kids of New York are the pride of our city, but to these companies, they’re just a source of profit,” Mayor Bill de Blasio said. Legal eCigarettes JUUL Lawsuit new york city News vaping What's Hot

Empire Outlets Launches In NYC

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New York City’s first outlet center is opening this week. Empire Outlets is a 340,000-square-foot (31,600-square-meter) mall located on Staten Island, featuring many traditional retail brands, including American Eagle, Banana Republic, Nike, Old Navy and more. “We We’re very, very New York-centric, from our public spaces to our design.”. Retail BFC Partners Empire Outlets new york city News What's Hot

Alipay And Yelp Partner To Give Chinese Travelers Access To Reviews

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In a press release, Alipay said that with the beta launch, any of Alipay’s more than 520 million users visiting North American cities, such as New York City, Los Angeles, Las Vegas and San Francisco, can now easily discover, plan, make reservations, share experiences and pay for them via online payments at any local business using Yelp’s content. Additional cities and countries will be added in 2017, Alipay said in the release.