Bank Innovation

MARCH 30, 2020

For one community bank in New Jersey, its digital overhaul came at a crucial time, and Provident Bank has been pushing its digital capabilities to customers during the novel coronavirus pandemic since revamping its online banking earlier this month.

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MARCH 31, 2020

As recently as a few years ago, it was often difficult to get retailers to think seriously about unattended retail as an expansion or extension of their business. That shift in consumer preferences is driving an ever-expanding digitization of the physical retail experience, he noted. While that is a growth area, Layden Jr.

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JANUARY 24, 2021

retail presence in recent decades, is reversing course and closing all its North American brick-and-mortar locations, according to numerous online news sources citing a company statement. In addition to its traditional boutique candy shops, the new locations have included cafes.

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PYMNTS

JANUARY 14, 2021

In today’s top retail news, Ethan Allen Interiors anticipates reporting retail segment written orders growth of 44.9 Plus, a new Toshiba Global Commerce Solutions offering provides retailers with “Amazon Go at scale.”. Pct Retail Written Orders Growth. Ethan Allen Expects 44.9

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JULY 24, 2020

But it was a victim of the North Star State’s mid-March shutdown of non-essential retail and continues to struggle even after reopening on June 10. It has yet to reopen even though New Jersey state officials have cleared it to reopen. Located in Bloomington, Minn., The recent missed payments were reported by the Minneapolis/St.

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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.”. The shopping center industry in the U.S. Add closures across the U.S.

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PYMNTS

SEPTEMBER 9, 2020

The virus itself is not the only factor in play, however, with the devastating economic downturn and record-high unemployment rates also sharply reducing consumers’ purchasing power and their willingness to make retail purchases. Digital commerce is one of the only truly safe revenue streams available to retailers right now.

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JANUARY 2, 2020

Data: 2020: The year that Anchor Shops, with a retail store and a fulfillment center, is set to open. 12: Number of additional stores that Anchor Shops hopes to build in the Philadelphia and New Jersey region. Data: 2020: The year that Anchor Shops, with a retail store and a fulfillment center, is set to open.

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PYMNTS

FEBRUARY 6, 2018

A&P named its concept Warehouse Economy Outlet — or “Where Economy Originates” — and opened its first location in Pennsauken, New Jersey, in 1971. As a result, the once-pioneering grocer entered the second tier of retailers. The company advertised the concept on TV, producing a spot with Mickey Rooney.

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NOVEMBER 9, 2020

Good news for restaurants, physical retail — and consumers — but bad news for delivery apps, quick-service restaurants (QSRs), streaming services, and apparently bitcoin, although many expect this dip to be temporary, reported CoinDesk. Meanwhile, New Jersey Sen.

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OCTOBER 8, 2020

26 were in Maryland (3,619), Illinois (3,414) where layoffs in retail and healthcare fueled the number of applications, New Jersey (2,504), Michigan (2,358) and Massachusetts (1,886), while the largest decreases were in Texas (7,075), Florida (6,655), Georgia (5,895), New York (5,112) and Oregon (2,317).

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APRIL 10, 2020

There’s a silver lining for at least one retailer amid the coronavirus pandemic. A new survey found that Walmart Inc., the nation’s largest retail store chain, saw its year-over-year online grocery sales explode last month to reach nearly $900 million, nearly twice the amount seen in March of 2019. million associates worldwide.

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DECEMBER 26, 2019

Top-tier malls in the country, once thought to be impervious to the changing retail landscape, have been struggling lately, according to a report by The Wall Street Journal. which owns The Mall at Short Hills in New Jersey and the Beverly Center in Los Angeles. a share, from an earlier range of $7.04

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DECEMBER 15, 2020

The chain currently has 167 retail locations, most of them operating under the Shoe Palace flag. More than 50 percent of the retail locations are in California, but the retailer has an “established retail presence” in Hawaii, New Mexico, Colorado, Florida, Arizona, Nevada and Texas.

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NOVEMBER 12, 2020

Here are the latest developments in new store concepts, ordering and delivery from various big names in the sector: Amazon To Open Amazon Fresh Store In New Jersey. Amazon is growing its brick-and-mortar footprint for Amazon Fresh with a New Jersey outpost for the concept.

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APRIL 16, 2018

The retailer’s website has 55.9 million average monthly visits, retail news source Retail Dive reported. The think tank found a decline of 410 basis points in the retailer’s apparel share as its revenues declined by $3 billion from 2012 to 2017.

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PYMNTS

DECEMBER 28, 2016

Activewear brand Fabletics , which was co-founded by Kate Hudson in 2013, announced plans for a retail expansion across the U.S. The once pure play eCommerce business will open 12 new physical locations next year, adding to the 18 existing Fabletics locations that began launching in the Fall of 2015.

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MARCH 4, 2019

Amazon, of course, stands out as a marquee name in the move to make the retail experience wholly digital commerce. As had been reported late last month, in New York City, the city council held a hearing centered on a bill that would ban stores and restaurants from being able to refuse to accept cash. The Case Against Cash.

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PYMNTS

JULY 22, 2019

Retailers are feeling the heat from high rent costs. According to a report in The Wall Street Journal , while commercial retail rents are down, rent costs still remain higher than prerecession levels in many prime shopping areas, including Manhattan, Los Angeles and Dallas. The retailer fought the rent increase but lost.

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MARCH 10, 2020

Blockchain Co-Founder and CEO Peter Smith said per the report, “Institutional and retail investors have the same financial goals — grow wealth and manage risks — but the tools at their disposal are vastly different.”. The New Jersey-based company will use the money to begin work on additional projects and bolster staff.

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DECEMBER 3, 2020

In July , Walmart cut its workforce by laying off hundreds in its logistics, real estate and retail location-planning divisions. “We The retailer confirmed the new round of layoffs to Footwear News on Wednesday (Dec. Also, Walmart was not hit with the store shutdowns that impacted other retailers.

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MARCH 7, 2019

The new law will take effect in July and would require most retail outlets to accept physical currency. New Jersey recently passed a similar law and New York City is on the path to doing so as well. Lawmakers in Philadelphia have passed a ban on cashless stores, making it the first major city in the U.S.

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APRIL 4, 2018

Retail continues to migrate toward eCommerce, but warehouse space is not designed to keep up with the increasing pace of online orders. Construction of new warehouses is occurring in areas such as California, Phoenix, Las Vegas and Atlanta. are in areas such as New Jersey, Boston, Pittsburgh and Philadelphia.

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DECEMBER 9, 2020

Paul, Nashville, New Jersey, the New York City suburbs, Raleigh-Durham, Richmond, Portland, Salt Lake City, Seattle, St. Louis, Tucson and Upstate New York. To help keep up, UPS started imposing shipping restrictions on some large retailers.

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MARCH 22, 2016

Palm Sunday: a holy day for Christians to commemorate Jesus’ triumphant entry into Jerusalem … or … a chance to watch an Easter Bunny exchange haymakers with people at a shopping mall. Perhaps it’s both. “We looked down, and a woman was attacking the man in the bunny suit, and then the rest is in the video.”

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JULY 2, 2020

On both sides of the Atlantic, the news was nothing short of devastating for icons like the U.K.’s a veritable “who’s who” of retailing legends, including Macy’s, Nordstrom, JCPenney and Sears. Industry observers woke Wednesday morning (July 1) to the news that John Lewis, the U.K.’s Not every bit of news has been as tragic.

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MARCH 22, 2016

While this early part of 2016 has been some tough sledding for Nordstrom on the sales and revenue front, The Street in many corners continues to look favorably on the high-end retailer. Some 62 percent of Nordstrom’s 120-plus stores are in elite malls like Roosevelt Field in Long Island, Short Hills in New Jersey or The Galleria in Houston.

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MARCH 19, 2018

The retailer has already tested the technology at a store in New Jersey. With this technology — which as undergone a trial period at three of its locations in New Jersey, New York and Florida — customers can experiment with moving items around a virtual room through a tablet in the retailer’s stores.

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DECEMBER 12, 2018

For shoppers who rely on smartphones, the “face” of the modern retailer is becoming its mobile website and app. Retailers from Kroger to Starbucks , as well as Shell , Dollar General and Macy’s , are rolling out their own mobile apps with smartphone-based payment options to meet the needs of the connected consumer.

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PYMNTS

AUGUST 28, 2017

While it’s impossible to predict the effects the hurricane will have on retail, a review of the damage from previous storms can shed some light on how hurricanes have historically affected retail businesses. When Hurricane Matthew hit the east coast last year, retail sales at clothing stores fell by 6.8 Of that, $32.1

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OCTOBER 7, 2018

Deliverr has ten warehouses in states including Texas, Missouri, Pennsylvania, Ohio, and New Jersey. Deliverr said it will use the funding to grow its team and ink more partnerships with more online retailers. Deliverr co-founder Michael Krakaris said the number of warehouses is growing weekly. They didn’t build their own taxis.

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JANUARY 4, 2019

Digitally native retailers are opening stores to bring their virtual experiences into the real world, and Zola is one of the latest merchants to test out the brick-and-mortar waters. The wedding retailer opened a store in New York City’s Flatiron District that is billed as a “one-stop-shop for wedding planning.”.

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MARCH 11, 2020

Other states and cities have passed similar laws, including New Jersey, Massachusetts, New York City and Philadelphia. New Jersey passed its cashless ban law in February of last year. If the new Delaware bill is made into law, offenders could face up to $10,000 per violation.

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MARCH 22, 2020

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.

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DECEMBER 7, 2019

Santa: The Original Experiential Retail Strategy. Santa showing up in retail marketing, as far as historians can tell, dates back to the 1840s when some stores went as far as putting up life-sized models of jolly old St. And while much has changed in retail, Santa’s popularity has not. Especially if you live in New Jersey.

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APRIL 26, 2019

Floravere Co-founder Denise Jin said in an announcement , “With our New York Flagship, we’ve created a retail experience that reflects how our bride actually shops: from IG to IRL. Beyond Floravere, other wedding retailers have opened up brick-and-mortar stores in New York City and its greater metropolitan area.

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DECEMBER 27, 2019

With blackjack and roulette on mobile phones, the growing market for online sports wagering in New Jersey has introduced gamblers to virtual casino games. Mobile betting, however, is only allowed in five: New Jersey, West Virginia, Iowa, Pennsylvania and Nevada per earlier reports.

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