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. New York's Metropolitan Opera announced cancellations for its entire 2020-21 season, which CNBC called "ominous" for all other performing groups.

New York 224

New York New York City Taxes Community 224

PYMNTS

SEPTEMBER 5, 2019

Luxury retail is being revised — and in some cases, reinvented — and those trends are worth attention as the 2019 holiday shopping season approaches. Not only that, but the luxury online consignment retailer opened a brick-and-mortar store on New York City’s famed Madison Avenue. Indeed, in its recent U.S. Barneys Woes.

Retail 123

Retail New York New York City Philadelphia 123

PYMNTS

NOVEMBER 6, 2020

As property executives report their quarterly earnings, some landlords are starting to put the squeeze on retailers that have skipped rent payments as a means to survive pandemic-triggered lockdowns. On the flip side, some 98 percent of footwear retailers paid rent last month, and 96 percent of craft stores paid.

Retail 152

Retail Kansas Payments Texas 152

PYMNTS

SEPTEMBER 12, 2019

And additional retail bankruptcy filings are expected in the second half of the year, while brick-and-mortar stores will continue to close at a higher rate, according to a report by professional services firm BDO USA LLP. The reported noted that a subpar 2018 holiday season was a main factor, with December retail sales dropping 1.6

Retail 137

Retail Charlotte New York Taxes 137

PYMNTS

JULY 19, 2018

According to the National Retail Federation , as of last year parents entered August with about 45 percent of their back-to-school shopping done. Retailers have reason to want to tap into it because back-to-school shopping is an incredibly valuable run of commerce activity. How Tax Holidays Work. That spend is big spend.

Taxes 101

Taxes Trends Massachusetts Louisiana 101

PYMNTS

MARCH 18, 2020

For most retailers, this virus thing is starting to hurt. Retailers are now in full-on battle mode,” said Jefferies Analyst Randal Konik , who foresees a 90 percent to 100 percent drop in mall traffic. For retailers, this is now about near-term survival.”. “For For retailers, this is now about near-term survival.”.

Retail 161

Retail Groups New York City New Jersey 161

PYMNTS

MARCH 22, 2020

With the closure of nearly all casinos nationwide, the online gambling trade group iDevelopment & Economic Association (iDEA) is asking states to free up restrictions so casinos can replace some revenue lost from shutting doors — and help refill state tax coffers, The Wall Street Journal reported.

Retail 132

Retail New York City Vermont New York 132

PYMNTS

JULY 15, 2019

With a liquidity crunch brought on by a rise in rent at its flagship in New York City, Barneys New York is reportedly preparing for a bankruptcy filing. According to previous reports from the outlet, that nearly wiped out earnings prior to tax, interest, amortization and depreciation.

New York City 109

New York City New York Retail Taxes 109

PYMNTS

APRIL 17, 2017

Retail sales in the U.S. Last month, retail and food services sales — adjusted for seasonal variation, holiday and trading-day differences — totaled $470.8 This decline may turn out to be temporary, and some peg the consumer spending slowdown on late income tax refund disbursement. Department of Commerce in its latest release.

Retail 101

Retail US New York Taxes 101

PYMNTS

DECEMBER 27, 2019

It’s the end of a short holiday workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. .

Taxes 101

Taxes Mobile Management blockchain 101

PYMNTS

DECEMBER 16, 2019

15), “the City Council is scheduled to hold a public hearing on a plan requiring new retailers in the area to designate at least 500 square feet of space to fresh food. As reported, the measure would apply to discount and dollar stores, often the main source of retail in so-called food deserts. The measure is expected to pass.”.

Retail 131

Retail Oklahoma City New York City Oklahoma 131

PYMNTS

JANUARY 7, 2019

Two politicians traveled to New York to warn the city about the troubles Amazon’s headquarters brought to Seattle, according to a report in Bloomberg. 7) at the Retail, Wholesale and Department Store Union, an organization that has been backing efforts to organize workers at a Staten Island Amazon fulfillment center.

Seattle 131

Seattle New York Taxes Retail 131

PopularBank

OCTOBER 28, 2020

Popular”) (NASDAQ: BPOP), bank holding company of Popular Bank, today announced Popular Bank’s strategic realignment of its New York Metro branch network. This realignment in our New York Metro market is consistent with our small business and retail services model in South Florida,” said Popular, Inc.

Puerto Rico 52

Puerto Rico New York Metro Community 52

PYMNTS

JANUARY 16, 2020

billion merger deal with Switzerland’s tourism shopping tax refund company Global Blue , earning it a listing on the New York Stock Exchange (NYSE), the companies announced Thursday (Jan. Global Blue runs airport kiosks and storefronts that enable shoppers to get sales tax refunds when they return home.

Taxes 130

Taxes New York Virginia Leadership 130

PYMNTS

JUNE 2, 2020

Tax revenues have disappeared, and at the same time the CARES Act passed earlier this year provides hundreds of billions of dollars to state, local and tribal governments. Spending, after all, generates tax dollars, and tax dollars flow into government coffers and optimize services and investments.

Data 131

Data America New York New York City 131

PYMNTS

OCTOBER 19, 2018

According to a person with a understanding of the visits, the eCommerce retailer visited Chicago, New York City and Chicago, The Wall Street Journal reported. That could enable the retailer to keep its choice unknown ahead of an announced decision. Austin, Boston, New York and D.C.

District of Columbia 135

District of Columbia Indianapolis New York City New York 135

PYMNTS

DECEMBER 5, 2018

They do have some trepidations, however, as polled residents were split over the finer points of the multibillion-dollar incentive package that was offered to lure the online retail giant to the area. The poll surveyed 1,075 New York City registered voters, with a margin of error of plus or minus 3.8 percentage points.

Arlington 100

Arlington New York New York City Taxes 100

PYMNTS

JANUARY 18, 2021

The New York Times reported that remote work has meant many San Franciscans have fled the Bay area. At the same time, sales tax receipts in the downtown’s retail, hotel and business districts fell more than 70 percent in the second quarter last year compared with the same period in 2019, Bloomberg reported.

San Francisco 141

San Francisco Taxes New York California 141

PYMNTS

JANUARY 19, 2017

This week’s announcement is an expansion of the program, which is now available in New York City, Boston, Chicago, Washington, D.C., San Francisco, Philadelphia, Las Vegas, Denver, Atlanta, Miami, Los Angeles, San Diego, Seattle and New Jersey. However there are still some parameters that riders need to take into account.

Taxes 100

Taxes Las Vegas San Diego Los Angeles 100

PYMNTS

AUGUST 10, 2020

the New York-based athletic retailer, reported comparable store sales increased by 18 percent in the second quarter (Q2) that ended Aug. In June, Nike CEO John Donahoe said the financial crisis would likely see the athletics retailer cutting jobs after a $790 million loss in revenue in the fourth quarter (Q4).

Report 135

Report New York City New York Washington 135

PYMNTS

DECEMBER 11, 2020

New York City's famous FAO Schwartz store will be listed on Airbnb for someone to stay in for a night on Dec. The booking will only be available for one New York City family of four, all living under the same roof, for just $25 plus taxes. 21 this year, Radio.com reports.

New York City 216

New York City New York Taxes Report 216

PYMNTS

APRIL 10, 2020

For example, Seattle announced that it will allow eligible businesses to defer business and occupation taxes and expand its Small Business Stabilization Fund. According to the JPMorgan Chase Institute , 47% of small businesses have less than two weeks of cash liquidity on hand, with restaurants and retail operating at the slimmest margins.

Maine 141

Maine Seattle San Francisco New York City 141

PYMNTS

AUGUST 24, 2020

The news comes as a new Indian equalization measure came into existence in 2020 that puts a 2 percent tax on every digital transaction that foreign online shopping firms conduct. The eCommerce retailer has reportedly registered many entities in the country in recent times. DCN, a trade organization, serves media brands.

social media 152

social media Data Apple Compliance 152

Abrigo

DECEMBER 18, 2023

“Larger cities seem to be stuck in this new world, while smaller cities seem to be recovering,” Kirby said. The point is this: There’s a lot of these surveys, and when you read them, they are New York City, San Francisco, Chicago. I'm not saying go out and make every retail loan that you can get your hands on,” he said.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

JULY 8, 2020

Bloomberg also reported that page views for Zillow’s suburban listings outside of formerly hot urban areas like New York City and San Jose, Calif., There’s [also] a lot of demand for rental homes that we’re seeing because people are fleeing especially hot spots like New York.”. rose as much as 10.5 For example, the U.S.

New York City 144

New York City San Jose New York Seattle 144

PYMNTS

DECEMBER 15, 2020

The fees are outrageous,” said Nick Sanford, owner of Toss ‘n Fire Pizza locations in Syracuse, New York. “We Apply the local sales tax and the new total is $48.07. Customers using DoorDash also have the option to leave a tip for the courier – say, $9, for a new total of $65.36. will go to taxes, $8.29

California 227

California New York Taxes Illinois 227

PYMNTS

DECEMBER 12, 2018

The news is another complication for Amazon in a city where it plans to build a brand-new campus. One point of contention is the fact that some New York City politicians were shut out of negotiations with Amazon held by the governor and mayor. Amazon plans to invest $2.5 an hour and commutes four hours a day to work.

New York 108

New York New York City social media Taxes 108

PYMNTS

AUGUST 21, 2019

Amazon was going to build a huge new headquarters in New York, but eventually decided against it, due to local opposition and despite tax breaks. Amazon, for its part, started working in India in 2004, but retail endeavors began in earnest in 2013. The newest campus is on 9.5

Arlington 170

Arlington Virginia New York Video 170

PYMNTS

DECEMBER 27, 2020

Securities and Exchange Commission approved a plan by the New York Stock Exchange to approve “direct” listings by companies, which let companies come to market without the underwriters (typically) large banks that charge hefty fees to bring the deals to the Street and reach institutional and retail investors.

New York 270

New York US Examples Training 270

PYMNTS

FEBRUARY 16, 2018

PepsiCo turned some heads with its quarterly earnings call announcement that it would take some of its tax reform windfall and reinvest it in improving the firm’s eCommerce efforts. And the numbers in this regard don’t lie: Physical retail is growing at a rate of about 3.6 According to PepsiCo CEO Indra K.

Retail 124

Retail Branding Mobile Strategy 124

PYMNTS

NOVEMBER 13, 2018

No offense against a great part of New York City, but sometimes it can take a little bit of a push to get people (tourists, mainly) to visit Queens. Amazon has selected New York City and Northern Virginia as the homes for its second and third headquarters.

New York City 115

New York City Virginia Arlington New York 115

PYMNTS

AUGUST 22, 2019

This speaks to the consistency and fundamental strength of our treasure-hunt shopping experience through many types of retail and economic environments.”. In separate news, reports surfaced earlier this year that T.J.Maxx was partnering with Instagram tastemakers to promote a term called “Maxximizing.”

Los Angeles 101

Los Angeles New York City New York Retail 101

PYMNTS

FEBRUARY 27, 2020

The epidemic has hit the country’s manufacturers and retailers alike as people have been out of work and quarantines have come down. In New York, meanwhile, the NASDAQ is trading at 26.5 The government has cut interest rates and encouraged lenders to extend cheap loans to limit the fallout from the virus epidemic.

Marketing 146

Marketing Capital New York Taxes 146

PYMNTS

JANUARY 12, 2018

But the membership-only retailer said it had closed the stores following a “review,” according to news from Reuters. After a thorough review of our existing portfolio, we’ve decided to close a series of clubs and better align our locations with our strategy,” the retailer wrote in a tweet. Walmart’s shares rose 0.5

Alaska 109

Alaska Indiana New Jersey Arizona 109

PYMNTS

NOVEMBER 14, 2018

and in Long Island City, a neighborhood in Queens, New York City. In New York City, Amazon’s $1.2 billion refundable tax credit is reportedly based on the “percentage of salaries Amazon expects to pay employees over the next decade, or $48K per job for 25K jobs.”

New York City 122

New York City New York Virginia Chicago 122

PYMNTS

DECEMBER 2, 2016

Want tax cuts? Business tax cuts: The corporate world had reason to cheer this week, when Trump’s pick for incoming treasury secretary, Steve Mnuchin, stated that the number one priority in terms of regulation is to roll back parts of Dodd-Frank. percent less according to the National Retail Federation. Questrom noted.

Retail 100

Retail Taxes Data social media 100

PYMNTS

JUNE 29, 2020

With the Wealthfront mobile app, customers with direct deposit can get paid up to two days early, as well as set up direct deposit for other payments like a tax refund or company expenses.

Fintech 151

Fintech California New York ATM 151