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  • F.A.O. Schwarz to close Fifth Avenue store amid rising rents

    New York -- Surging rents in Manhattan have claimed another victim, and this time it's one of the city's most iconic retail establishments. F.A.O. Schwarz will close its legendary toy store on Fifth Avenue this summer, citing the high and rising costs of operating a store on one of the city's most pricey blocks of real estate. Toys "R" Us, which acquired F.A.O. Schwarz in 2009, said it will close the 45,000-sq.-ft.

  • New York City's F.A.O. Schwarz to close

    Surging rents in Manhattan have claimed another victim, and this time it's one of the city's most iconic retail establishments.

  • Cole Haan launches Apple Pay within shopping app

    New York - Cole Haan is launching Apple Pay within its mobile shopping application. The retailer partnered with mobile commerce platform, PredictSpring, to build the Cole Haan iPhone, iPad and Android mobile apps.

    Notable features include Shop the Look, allowing consumers to shop directly from the Cole Haan Instagram feed, as well as geo-fencing technology that alerts consumers to nearby Cole Haan stores. The Cole Haan app with Apple Pay is available for free download on the iTunes App Store.
     

  • Cracker Barrel to roll out QSR seating solution

    Lebanon, Tenn. - Cracker Barrel Old Country Store will roll out the QSR Partners DineTime solution at all locations nationwide, with plans to complete the installment by the end of summer 2015. DineTime offers features such as wait list management, online reservations, customer data collection, a mobile customer app and more.

  • Report: Apple seeks to launch Apple Pay in China

    Cupertino, Calif. – Apple Inc. is reportedly holding discussions with Alibaba Holding Group Inc. and several Chinese banks to launch Apple Pay mobile payment in China. According to the Xinhua official Chinese news agency, Apple CEO Tim Cook said he is “bullish” on Apple Pay in China and thinks it could gain traction more quickly in China than it has in the U.S. since its September 2014 launch.

  • Warby Parker continues to expand, opens store in Chicago

    New York -- Hip online eyewear retailer Warby Parker continues its brick-and-mortar expansion. The company has opened its 12th store to date, in Chicago’s Lincoln Park neighborhood.  

    The 2,200-sq.-ft. store is Warby Parker’s first permanent location in the Midwest. It joins locations in cities across the nation, including such as New York, Miami, Dallas and Los Angeles.

  • Ron Johnson returns with re-imagined Geek Squad

    Former Apple and JCPenney executive Ron Johnson’s career has been marked by spectacular success and failure, which is why his new retail venture called Enjoy is of interest, even if it borrows heavily from a service Best Buy launched more than a decade ago.

    Billed as a “a whole new way to buy and enjoy technology,” Johnson secured $30 million in funding last fall and launched the service on Wednesday in the San Francisco area and debuts May 13 in New York.

  • Study: Confidence in chip and pin cards lacking

    Only 53% of executives believe the EMV chip and pin will protect against a data breach, despite claims that it is more secure, according to a new study.

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