Content about Economy of New York City

March 26, 2013

American Express, Wal-Mart expand Bluebird program

American Express and Wal-Mart Stores announced Tuesday that they are expanding their reloadable prepaid card program, Bluebird, to include direct-deposit capabilities for government checks.

March 15, 2013

Citi Trends narrows loss in Q4

Citi Trends reported a fourth quarter loss of $704,000, narrowed from a $5.3 million loss in the same period last year.

February 12, 2013

American Express launches 'pay-by-tweet' venture

American Express has launched a new venture with Twitter, that could lead to a whole new category of shopping.

November 19, 2012

Report: High demand, limited availability keep Manhattan real estate market strong

Average asking rents on Lower Fifth Avenue in Manhattan rose 13% since the spring of 2012 to $1,021 per square foot and are up 51% since the same period in 2011, according to The Real Estate Board of New York Fall 2012 Retail Report.

October 24, 2012

Eataly to open in Chicago

Macerich announced that Eataly, the largest artisanal Italian food and wine emporium in the world, has reached an agreement to open its second U.S. location, at The Shops at North Bridge near Michigan Avenue in Chicago.

October 1, 2012

Citigroup research: Holiday digital sales to grow at least 20%

Research released by Citigroup and published by Wall Street Journal’s MarketWatch found that digital sales for the holiday 2012 shopping season are expected to increase at least 20%, thanks to two additional shopping days and amped-up retail marketing efforts.

September 24, 2012

Landmark NYC gourmet market to be auctioned

IPG Real Estate said that Amish Market, a landmark Manhattan gourmet market located in the Midtown neighborhood of TriBeCa, is being offered for sale in hopes of an offer prior to an auction slated for November 2012.

September 12, 2012

Report: Abercrombie hires Goldman Sachs

Abercrombie & Fitch Co. has hired Goldman Sachs Group Inc. in the wake of investor pressure, according to Reuters.

September 4, 2012

August consumer sentiment rose to three-month high

The Thomson Reuters/University of Michigan consumer sentiment index climbed to a better-than-expected 74.3, compared to 72.3 in July and representing a three-month high.

February 24, 2012

7-Eleven to grow Manhattan presence

A report in Crain’s New York Business said that Dallas-based 7-Eleven, which currently has 12 c-stores in Manhattan, plans to open another 14 in 2012.

November 8, 2011

Syms Corp. stock to be delisted

Syms Corp. said that its stock will be delisted as of November 15, 2011 and that Nasdaq will file a Form 25-NSE with the Securities and Exchange Commission, which will remove the company’s securities from listing and registration on the Nasdaq.

September 6, 2011

Nicholas Kirkwood to debut in U.S. at Meatpacking District

Robert K. Futterman & Associates said Tuesday it has secured the first U.S. location for upscale designer footwear brand Nicholas Kirkwood at 807 Washington St. in Manhattan’s Meatpacking District.

June 22, 2011

Readers Speak Out: Is Fifth Ave. real estate worth the expense?

In the June 9 edition of SiteTalk, we referenced a survey that found Fifth Avenue in Manhattan to be the most expensive place in the world to operate a store -- and asked you if it was worth the expense. Here is what one reader had to say.

March 7, 2011

Retail Hit List for Manhattan: 12 New Stars

It’s hard to keep up with Manhattan’s fast-changing retail scene. But no one does it better than Faith Hope Consolo, chairman, retail leasing and sales division, Prudential Douglas Elliman Real Estate.

February 9, 2011

Intermix to open new store in Meatpacking District

Robert K. Futterman & Associates announced it has secured a long-term, 2,725-sq. ft. lease with high-end apparel and accessories retailer Intermix in Manhattan’s Meatpacking District.

December 14, 2010

NYC Retail Preview: Stores to See

Making your NRF Show plans?

November 16, 2010

Report: Retail rents jump in NYC tourist hot spots

Asking rents for retail spaces in New York City hot spots are rising in certain corridors, according to The Real Estate Board of New York’s (REBNY) Fall 2010 Retail Report.

November 7, 2010

Report: Retail rents jump in NYC tourist hot spots

Asking rents for retail spaces in New York City hot spots are rising in certain...

May 19, 2010

Report sees pick-up in Manhattan’s retail real estate market

The outlook for the retail real estate market in New York is promising, according to...

October 20, 2009

China’s QKL supermarket to go public

QKL Stores, a regional supermarket chain in northeast China, said Wednesday that it has received...

October 13, 2009

Best Buy opens first 24-hour store in New York City

Best Buy Co. said Wednesday it will open its first 24-hour retail location in New...