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

PYMNTS

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 said Thursday (Aug. 27), according to CNBC.

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Barneys, Pier 1 And Other Iconic-But-Bankrupt Retailers Are Coming Back To Life 

PYMNTS

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. The company turns once-struggling brands around by running them lean and mean on the internet.

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US Retailers Added 249,000 Jobs In August

PYMNTS

4) jobs report brought good news to the nation’s retail sector as it added nearly one quarter of a million jobs in August. It’s encouraging to see retailers bring back these jobs,” Sonia Lapinsky, a managing director at AlixPartners, the Michigan-based consulting firm, told the newspaper. Last Friday’s (Sept. million of the 2.4

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ALDI Expands Online Grocery Delivery To All US Stores

PYMNTS

ALDI has announced that it is expanding its online grocery delivery service to all of its stores in the United States. According to Chain Store Age , the German supermarket company will use its partnership with Instacart to roll out the service to 75 major markets, including San Diego, New York City, Miami, Raleigh and Minneapolis.

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How AR/VR Tech Is Reshaping Retail

PYMNTS

Before consumers started to trade brick-and-mortar shopping experiences for eCommerce websites, retailers could bring customers through their doors with window displays. According to the PYMNTS Virtual Reality In Retail Report , there are expected to be 100 million AR/VR headset users by 2022.

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As 5G Looms, Retail Possibilities Become More Clear

PYMNTS

Retailers surely have more than enough to worry about these days. For one, the pace of innovation keeps speeding up – and that holds true for all types of retail niches, from apparel to grocery to others. Fast on the horizon, of course, is the new mobile network technology called 5G.

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Post-Toys R Us, Retailers Vie For Experiential Toy Shoppers

PYMNTS

Retailers are doubling down on toys amid a gap in the market left by the bankruptcy of Toys R Us. toy retailer Hamleys , for instance, is eyeing a potential New York City location for a flagship store. Retailers Step up Toy Selection. In the U.K., That is, a place that lets consumers try out products.).

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