Partly Cloudy 86°
Tag:

Gift Cards

Business
Holiday Spending To Drop For First Time In Five Years, Survey Expects Holiday Spending To Drop For First Time In Five Years, Survey Expects
Holiday Spending To Drop For First Time In Five Years, Survey Expects Holiday shoppers are expected to spend less in 2025, marking the first decline since the COVID-19 pandemic, according to a new survey. PricewaterhouseCoopers released its 2025 Holiday Outlook on Wednesday, Sept. 3. The financial firm found that Americans plan to spend an average of $1,552 over the holidays, down 5% from 2024. Gift budgets are taking the biggest hit, dropping 11% to $721, as consumers pull back on shopping amid President Donald Trump's widespread tariffs. "People are going to keep shopping, but with continuing concerns about tariffs and elevated prices (especially on electr…

SHARE

by Chris Spiker
Business
Major Home Goods Chain Declares Bankruptcy, Blames Trump Tariffs: See List Of Closing NJ Stores Major Home Goods Chain Declares Bankruptcy, Blames Trump Tariffs: See List Of Closing NJ Stores
Major Home Goods Chain Declares Bankruptcy, Blames Trump Tariffs: See List Of Closing NJ Stores A popular home goods retailer is declaring bankruptcy, citing President Donald Trump’s sweeping tariffs and a significant drop in consumer spending. At Home has filed for Chapter 11 bankruptcy, the Dallas-area company announced on Monday, June 16. The retailer said it reached a deal with lenders to eliminate nearly $2 billion in debt and receive a $200 million capital infusion. The move will allow At Home to continue operating during the court-supervised restructuring process. "We are continuing to offer the home furnishing pairings that customers expect to find at our store…

SHARE

by Chris Spiker
News
Scammers Posing As Well-Known Businesses, Agencies: Here's What To Know, Feds Say Scammers Posing As Well-Known Businesses, Agencies: Here's What To Know, Feds Say
Scammers Posing As Well-Known Businesses, Agencies: Here's What To Know, Feds Say Federal authorities are sounding the alarm over scams that impersonate well-known businesses and government agencies.  In 2023, data from the Federal Trade Commission (FTC) alone show more than 330,000 reports of business impersonation scams and nearly 160,000 reports of government impersonation scams. That amounts to nearly half the frauds reported directly to the agency, the FTC said. Combined, reported losses to these impersonation scams topped $1.1 billion for the year, more than three times what consumers reported in 2020. Reports show an increasingly blurred line between busine…

SHARE

by Joe Lombardi