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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 This is about bringing New York back to life.

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Retailer New York & Co. Will Likely File For Bankruptcy

PYMNTS

The parent company of New York & Co. , the wear-to-work retailer for women, warned it may file for Chapter 11 bankruptcy protection as the nationwide chain has been crippled by the COVID-19 crisis, CNBC reported. The company operates more than 385 retail and outlet locations in 33 states, according to its website.

New York 151
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High-End Retailers Block Access To Storefronts In New York

PYMNTS

As government measures to decelerate the spread of the coronavirus have come into place, many upscale retailers in New York such as Chanel, Celine and Fendi have blocked access to their shops with plywood. Retail shops in storied retail locations have shut their doors.

New York 151
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Goldman is quickly expanding its digital retail bank Marcus

Bank Innovation

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.

Retail 236
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Uber Eats Will Now Deliver Recess, A CBD Drink, In New York

PYMNTS

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.

New York 172
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Malls Close Vacancy Gap With 1700+ Online Retailers

PYMNTS

As traditional mall merchants go under, online brands are expanding into brick-and-mortar, the New York Post reported Saturday (Nov. One example is New York’s UNTUCKit , which started as an online men’s clothing store and grew into a global brand. More than 1,700 physical stores in the U.S.

Online 167
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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. million in 2019, then cut a deal to bring the name back at Saks. “We

Retail 246