PYMNTS

JANUARY 8, 2021

Retail rents have plummeted to historic lows in New York City amid the COVID-19 pandemic, as bankruptcies and vacancies penetrated the area, CNBC reported on Friday (Jan. And 11 areas saw an increase in available retail space on the market, from 6 percent up to 67 percent.

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PYMNTS

FEBRUARY 8, 2019

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.

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PYMNTS

SEPTEMBER 14, 2020

There’s a lot that’s new and digital about New York Fashion Week. In fact everything is new from the virtual runways to the individual shows getting precedence over the more general events. Even the sponsorships are new, including home improvement retailer Lowe’s. It might seem to be an unnatural pairing.

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PYMNTS

AUGUST 17, 2020

Cuomo also chided “quote ‘experts’” who advised against reopening New York establishments due to the risk of a COVID-19 surge. “We Some fitness centers have responded to the crisis by expanding their operations into new areas of business, especially online workout guidance.

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PYMNTS

APRIL 22, 2019

Recess, a CBD-infused sparkling water company, has announced that it will be available on Uber Eats for delivery to customers in New York City, according to a report by Adweek. We also believe that a retail presence across every channel (online, retail, on-demand, etc.) is where the consumer world is going.

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PYMNTS

JANUARY 28, 2021

New York Gov. The holiday surge from Christmas and New Years appears to be done with, peaking on Jan. 4 when the positivity rate in New York hit 8 percent across the state. Andrew Cuomo has lifted COVID-19 restrictions, although the emergence of more contagious strains could put a stop to that, CNBC writes.

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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.

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Bank Innovation

JANUARY 17, 2020

In this episode, editors discuss the following news developments: The overlap of retail with financial services, and reflections on the National Retail Federation annual conference in New York; Visa’s acquisition of Plaid and what it means […].

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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. That has sent rents falling steeply with no signs of turning around soon.

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PYMNTS

JULY 16, 2020

New York Gov. New York put indoor dining on hold on July 6 due to the spiking of the virus in the past few weeks. Andrew Cuomo is threatening to close down restaurants that are not following social distancing rules to stem the coronavirus, CNBC reports. It’s dangerous. It’s selfish. It’s unacceptable.”

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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. Footwear News reported. “In In a progressive and modern city like New York, banning the sale of fur clothing and accessories is long overdue,” Johnson said in a statement, according to the outlet.

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PYMNTS

DECEMBER 7, 2020

Amid growing COVID-19 hospitalizations in New York, officials are revising indoor dining guidelines to include new restrictions if the rate doesn’t stabilize. The Christmas season could end up igniting the spread of the coronavirus beyond Thanksgiving’s acceleration, Fauci said at a news briefing held by New York Gov.

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PYMNTS

NOVEMBER 2, 2018

Digitally native brands often test the retail waters with pop-up shops, and, after some offline success, they may expand their concepts with permanent locations. Since then, the company has tried its hand at pop-up locations in areas like Aspen, Sag Harbor, New York, Dallas and London.

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PYMNTS

SEPTEMBER 12, 2018

To highlight its ability to grow into new markets and categories, New York & Co. The move comes as the retailer seeks to top the $1 billion mark in sales, Chain Store Age reported. “We Along with the name change, New York & Co. The news comes as a recent study says that U.S. trillion U.S.

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PYMNTS

AUGUST 6, 2019

Struggling to compete with online brands, famed Big Apple luxury retailer Barneys New York has put itself up for sale and filed for bankruptcy protection, according to a report by Reuters. . He said one of the first things he bought from the store was a cashmere sweater. .

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Bank Innovation

MAY 31, 2019

Marcus by Goldman Sachs, Goldman's digital-only retail bank, is quickly becoming a full-service financial platform -- a threat to both challenger banks and traditional incumbent players.

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PYMNTS

SEPTEMBER 14, 2018

But the store’s selection will differ from traditional retail stores that carry multiple choices for, say, lipstick: It will only offer one product per category and that option will come with the magazine’s famous seal of approval. Other Brick-And-Mortar-News. locations, speeding up shopping trips for its customers.

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PYMNTS

SEPTEMBER 10, 2018

Amazon has announced plans to open an Amazon Go location in New York. It recently opened two more locations in the city, which will make New York its first foray outside of Seattle. “We Earlier this year, the eCommerce giant launched its first checkout-free convenience store market in Seattle.

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PYMNTS

JANUARY 26, 2021

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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PYMNTS

JUNE 14, 2018

Chef’d , the maker of meal kits that can be purchased in grocery stores, has inked a deal to sell the kits in Walgreens and Duane Reade stores in the New York area. CNBC , citing the company, reported Chef’d meal kits will be sold in 30 Walgreens and Duane Reade stores in New York as part of a deal with Smithfield Foods.

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New York Retail Branding Report 115

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. In separate news, Nordstrom is bringing its Nordstrom Local concept to the Big Apple.

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Bank Innovation

APRIL 7, 2016

The New York Times covered the subject — and the word — in depth yesterday, in a special section called “Fintech’s Power Grab.” Ok, it’s safe to say fintech has hit the big time. ” The lead item, by Andrew Ross Sorkin of CNBC fame, focuses on the fintech challenge to Read More.

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New York Fintech social media Operations 150

Bank Innovation

APRIL 5, 2016

but it’s adding significant innovation staff to its New York office. Capital One Financial Corp. may be based in McLean, Va., Job ads for more than a dozen positions in the Big Apple were recently posted, and quite a few of them directly relate to the bank’s innovation effort. Here are just a Read More.

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New York Capital Innovation Apple 150

PYMNTS

OCTOBER 26, 2018

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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New York New York City Chicago Branding 135

PYMNTS

JANUARY 27, 2020

Retail keeps embracing numerous new technologies, and biometrics is not only one of them, but an area of recent growth and development, including via some of the biggest names in commerce. Take Amazon, which continues to expand its brick-and-mortar retail footprint, and the technology underlying those stores. Amazon Plans.

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PYMNTS

DECEMBER 5, 2016

The women’s apparel retailer is boosting its digital offerings in an attempt to enhance the experiences of its omnichannel shoppers. Internet Retailer reported that New York & Co. Worthington told analysts that New York & Co. posted “strong double-digit” online sales growth during the third quarter.

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New York Mobile Online Retail 100

PYMNTS

SEPTEMBER 6, 2019

Expanding its footprint in fashion, Visa has announced its renewed sponsorship of New York Fashion Week: The Shows (NYFW) as its official payment technology partner.

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PYMNTS

JANUARY 21, 2021

Plenty of famous retail chains have collapsed both before and during a pandemic that has slammed brick-and-mortar stores, but some iconic names like Pier 1 , Barneys New York and others are coming back – at least in some fashion. million in 2019, then cut a deal to bring the name back at Saks. “We

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PYMNTS

MAY 19, 2017

The bad news is, New York & Co.’s The good news is, eCommerce sales are up and gross margin reached its highest level in the first quarter since 2008, according to CEO Gregory Scott. s highest ever average unit retail. s highest ever average unit retail. New York & Co.

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New York Retail Strategy Course 100

CFPB Monitor

JULY 1, 2021

The DFS asserted that the practice of allowing dealer “discretion” in setting retail interest rates resulted in statistically significant differences in pricing, disadvantaging Hispanic and African-American consumers, with differences ranging from 20 to 59 basis points.

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New York Retail Lending Analytics 78

PYMNTS

DECEMBER 16, 2020

Digital sports entertainment and gaming industry platform DraftKings — known for its top-rated daily fantasy sports and mobile sports betting apps — today announced an agreement with InComm Payments , a global leading payments technology company, to launch an industry-first retail gift card. . DraftKings reported on Friday (Nov.

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Retail Cards Payments New York 230

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. The store includes interactive elements, such as a mix-and-match bedding design lab and 3-D imaging, the retailer said in an announcement.

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New York City New York Retail Online 100

PYMNTS

MARCH 9, 2018

Some retailers say they don’t want to jump on the latest techy bandwagon just to jump on it. While some see it as a fad or a gimmick, Barneys New York has become the latest to take the tech very, very seriously and turn it into a force for good. It would seem that other major retailers agree.

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New York Samsung Retail Strategy 105

PYMNTS

JANUARY 11, 2021

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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Los Angeles Retail San Diego San Francisco 207

Bank Innovation

SEPTEMBER 7, 2016

Artificial intelligence is set to challenge traditional technologies in financial services, if the startups that demoed at BBVA Open Talent in New York today are any indication. The BBVA Open Talent Challenge is part of Next Money NYC. Today’s event is one of three regional finals, from which a few Read More.

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New York Regional Technology Operations 150

PYMNTS

APRIL 13, 2020

Prepare for a big week of retail data, all of it unprecedented in light of the COVID-19 pandemic. Starting with the Commerce Department retail sales data on Wednesday, retailers will get a sense of how much consumers are spending and the retailers they are spending with. For retailers, there are no surprises from March.

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Retail Data Capital New York 216

PYMNTS

JULY 19, 2019

Iconic brick-and-mortar retailers are sometimes reinvented, and return to the world of retail with smaller-format concepts. Tru Kids has entered into a joint venture with the software-powered experiential retailer b8ta to offer a new store experience with curated toys in “highly immersive, smaller-format spaces.”.

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