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Philadelphia Passes Ban On Cashless Stores To Fight Income Discrimination

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Lawmakers in Philadelphia have passed a ban on cashless stores, making it the first major city in the U.S. The new law will take effect in July and would require most retail outlets to accept physical currency. The Philadelphia measure does have some exceptions. to do so, according to a report by The Wall Street Journal.

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Today In Retail News: Philadelphia Mall Reopens, Ralph Lauren Cuts Workforce

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In today’s top retail news, Philadelphia Real Estate Trust reopens its newest property, Ralph Lauren cuts its workforce and Mall of America offers space to local businesses. Philadelphia Mall Owner Takes Care Of Its Own. Mall of America To Provide 'Community Commons' For Local Companies.

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Philadelphia Mall Owner Takes Care Of Its Own

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There’s arguably no more polarizing macroeconomic issue in the retail world than the fate of the American mall. The problems start with how retailers view and serve the customer. But apparently they’re doing something right in Philadelphia. Caught in the middle of this customer squeeze are real estate investment trusts (REITs).

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JPMorgan Bucks The Trend, To Open 50 New Branches In Philadelphia

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CNBC, citing an interview JPMorgan Chase Chief Executive Jamie Dimon had with Jim Cramer on Squawk Alley, reported the company is gearing up to open 50 new branches in Philadelphia, Delaware and southern New Jersey during the course of the next five years. in an effort to strengthen its retail business. JPMorgan is the largest U.S.

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Fashion District Philadelphia Attracts More Than 70 Tenants In First Year

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Fashion District Philadelphia garnered more than 70 tenants and an average of nearly 700,000 visitors per open month in its first year, according to a Monday (Sept. 14) announcement. Coradino said in the announcement, referring to the project as a “go-to destination for fashion and fun experiences.”.

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Pro-cash laws gathering momentum in N.J., Philadelphia

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The pushback on stores that don’t accept cash seems to be gaining momentum, with Philadelphia the latest municipality to consider a law that would ban cash-free shops.

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Today In Retail: UK Merchants Brace For Lockdown, Mall Groups File For Chapter 11 And Brands Will Be Big This Holiday

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The top stories today in retail include merchants in the U.K. the mall companies, Philadelphia-based PREIT and Tennessee-based CBL & Associates both announced they would be filing for Chapter 11. Nonessential retail can only remain open for delivery and curbside pickup. While in the U.S.,

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