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The ‘gold standard’ for holiday purchases has ‘a huge drawback,’ analyst says — but it may still be the best way to pay on...

More Americans are struggling financially just as the peak shopping season kicks into high gear. Yet shoppers will still shell out $1,455, on average, on holiday gifts — in line with last year, according to a recent report.  Aside from how much you spend, which payment method...

Inflation forces mom and pop restaurants and big chains to lean on their unique strengths

As the restaurant industry battles inflation, the large size of chains and their access to cash gives them the upper hand, but independents have advantages of their own when managing higher costs. Feeling the pressure on their budgets, consumers have been cutting back on their...

New York’s Fifth Avenue World’s Most Expensive Shopping Street

New York’s Fifth Avenue has reclaimed its position as the world’s most expensive retail street, with average annual rents of $2,000 per sq ft. The global ranking from global real estate services firm Cushman & WakefieldCWK +0.7% revelae that pegging the Hong Kong dollar to the U.S....

Black Friday means deep discounts for shoppers — and intense pressure for retailers

Major retailers are under intense pressure to deliver on Black Friday after several of them reported a slowdown in sales heading into the do-or-die holiday shopping season. Macy’s, Target, Kohl’s, Gap and Nordstrom spoke about a lull in sales in late October and early November. Target cut its holiday-quarter outlook and Kohl’s pulled its...

Victoria’s Secret will acquire DTC lingerie company Adore Me for $400M

Dive Brief: Victoria’s Secret will acquire DTC lingerie company Adore Me for $400 million in cash, the intimates giant said Tuesday. The deal has been unanimously approved by the Victoria’s Secret board and is expected to close by the end of January, subject to customary closing conditions and...

Blu Dot picked Knox and McKinney to be near furniture competitors

Blu Dot, a Minneapolis-based furniture store, delayed a Dallas debut until it could get a spot in the Knox Street area. Furniture is an infrequent purchase, and people shopping for the perfect sofa, chair or entire room are going to head to where they can...