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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...

Retail Sales Rise 1.3% in October, Slightly Better Than Forecast

Retail sales rose 1.3% in October, driven by increased purchases of gasoline, food and drink, the Census Bureau reported on Wednesday. Economists had forecast a gain of 1% or so following September’s unchanged reading. Retail sales are not adjusted for inflation. Spending on gasoline rose 17.8%...

Deloitte: Shoppers to spend an average of $500 during Black Friday week

Dive Brief: Despite overall inflation concerns, a Deloitte survey of 1,200 adults found that consumers will spend $500 on average during the week of Black Friday and Cyber Monday, a 12% bump from 2021. Just under half (48%) of shoppers are planning to use credit cards...