article thumbnail

New York City Council Bans Cashless Food And Retail Stores

PYMNTS

The New York City Council on Thursday (Jan. 23) passed a ban on cashless food and retail stores. Applebaum added that communities of color in New York City are more than twice as likely to lack access to a bank and are less likely to host a branch of a bank than the national average.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Retail Rents Plummet In NYC As Vacancies Rise

PYMNTS

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.

Retail 249
article thumbnail

Is New York Fashion Week Still In Style?

PYMNTS

In many ways, 2020’s version of New York Fashion Week was much like any other year. The metallic bralette-as-shirt seemed to be this year’s Fashion Week uniform for the famous – and represented impressive dedication to style, considering that the average temperature in New York last week was below 40 degrees.

New York 177
article thumbnail

Weekly Wrap: Visa acquires Plaid and retailers embrace fintech

Bank Innovation

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 […].

Retail 243
article thumbnail

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
article thumbnail

Why Amazon And Other Retailers Are Turning To Biometrics

PYMNTS

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.

Retail 264