Content about Economy of New York City

May 6, 2014

RKF has announced that it will lease the entire seventh floor of 521 Fifth Avenue in midtown Manhattan.

April 8, 2014

New York City is the world’s retail hub — and within the city are major opportunities for retail expansion.

March 31, 2014

The second floor of Uniqlo’s Fifth Avenue flagship in Manhattan has been transformed in conjunction with the launch of the retailer’s SPRZ NY collection, done in collaboration with the Museum of Modern Art.

March 26, 2014

CBRE has introduced AIG Global Real Estate to Associated Estates Realty Corp.

January 28, 2014

Capillary Technologies has entered a joint marketing agreement with American Express in which American Express will introduce Capillary’s Intelligent Customer Engagement solutions to select medium-sized retailers in the U.S.

December 12, 2013

Sarah’s Kitchen has signed a lease for a 9,150-sq.-ft. space at 270 Madison Ave., between East 39th and East 40th Streets in Midtown Manhattan.

October 11, 2013

Charming Charlie has signed a lease for a 15,500-sq.-ft. store at 445 Fifth Avenue in the heart of midtown Manhattan.

October 8, 2013

American Express Serve announced a free nationwide cash load network and the addition of new money management capabilities to its full-service reloadable prepaid account.

October 7, 2013

Schimenti Construction Company is building a $1.5 million Panera Bread cafe on Fifth Avenue in midtown Manhattan.

August 26, 2013

Hedge fund manager and activist investor William Ackman is selling his entire stake in J.C. Penney.

August 21, 2013

Citi Trends Inc. lost $5.5 million for the period ended Aug. 3, compared to a loss of $7.9 million in the same quarter a year earlier.

August 8, 2013

Fairway Market will be the anchor grocer at the Hudson Yards residential/retail complex being developed by Related Companies and Oxford Properties Group in Manhattan.

July 24, 2013

Paul Rutenis, the top buyer for J.C. Penney's newly made-over home department, has left the company, according to a report by Citigroup.

July 11, 2013

Buffalo Wild Wings has leased its first Midtown Manhattan location in Times Square, according to Winick Realty Group.

July 8, 2013

Jones Group Inc. has tapped Citigroup Inc. to explore a possible sale, according to Reuters.

June 7, 2013

Another executive hired by former J.C. Penney CEO Ron Johnson has apparently left the chain. Kristen Blum, executive VP and chief technology officer, is no longer with Penney, according to various reports that cited a note to investors by Citi analyst Deborah Weinswig.

March 26, 2013

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

November 19, 2012

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

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

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

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

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

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