Latest news with #Bloomingdale's
New York Post
a day ago
- Business
- New York Post
Manhattan foreclosures spiked this spring — and didn't spare one of the wealthiest ZIP codes
April showers brought Manhattan foreclosures this spring — even in the poshest parts. Fresh data, published by the real-estate industry portal PropertyShark, documented an 11% citywide jump in new foreclosure filings from April through June, compared to last year. Manhattanites with mortgage defaults rose 15%, with a surprising number of cases documented in one of the city's historically wealthy ZIP codes. 5 A historically wealthy swath around Park Avenue saw a shocking spike in foreclosures. Rinze van Brug 5 Citywide foreclosures numbered 408 in the spring. zimmytws – Out of 46 Manhattan homes hit with new filings, eight were clustered in Midtown's 10022 ZIP code — a locale known for exclusive 100-year-old buildings, sky-high prices and old-money owners. ZIP code 10022 spans roughly from 49th to 60th streets, sandwiched between Fifth Avenue and the East River. The area encircles landmarks like the Waldorf Astoria New York and Bloomingdale's. Its local reputation for luxury shopping, particularly along Fifth Avenue, comes with home prices to match — the median listing price in the 10022 ZIP code was $1.3 million in June, according to reporting. Looming debt and lagging sales are bogging down even the city's most well-heeled residents. 5 The ZIP code of 10022 encompasses some of the best shopping and some of the highest prices in the city. Michael Nagle 5 Grand Army Plaza at Central Park borders the well-off nabe. MISHELLA – 'Interest rates are rising, there is high economic distress, many times generational wealth does not mean someone is liquid,' luxury Serhant realtor Peter Zaitzeff told the Daily Mail. Even historic pre-war condominiums like the Parc Vendome building on West 57th Street, on the opposite side of Central Park, saw a foreclosed-upon studio recently enter contract with a listing price of just $525,000. Across the river, Brooklyn led the city in foreclosure filings, dethroning Queens. Kings County saw 129 new filings in the spring, a 36% spike compared to last year. Canarsie and East Flatbush led the borough with 17 cases. 5 Flatbush and Canarsie led Brooklyn's numerous foreclosures, but record-high cases came from across the city, in The Bronx. Helayne Seidman Queens, the city's most active market, saw a welcome 20% slowdown in fillings, down to 128 in the second quarter of the year. Staten Island foreclosures, on the other hand, increased by 25% to 48 cases, and activity in The Bronx hit a new high. The borough surpassed its five-year foreclosure peak with 57 filings last quarter.
Gulf Today
6 days ago
- Business
- Gulf Today
The new rules of shopping: Why paying full price is outdated
Would you pay AED 100 for something your friend got for AED 70, just because you didn't know there was a discount code? For decades, paying full price was considered the 'normal' way to shop. But in today's hyper-connected, tech-savvy world, that mindset is quickly becoming outdated. Shoppers today are no longer defined by what they buy, but by how smartly they buy it. In an era of rising prices and increasing financial awareness, the smartest consumers are rewriting the rules of shopping. They're leveraging tools, apps, and insider strategies to save money on everything from groceries to luxury goods. And at the heart of this modern money revolution is one clear trend: nobody wants to pay full price anymore — and they really don't have to. The Mindset Shift: From Saving Shame to Smart Status There was once a time when asking for a discount or using a coupon code was considered cheap or even embarrassing. That time is over. Today, the most financially savvy individuals — from students to CEOs — view saving as a power move. The idea that smart is stylish has taken hold, particularly among younger generations. For Gen Z and Millennials, getting a great deal is something to be proud of, not something to hide. It's not just about frugality. It's about being conscious, informed, and efficient. It's the same reason people compare reviews before purchasing a phone, or track flights for the best ticket price. It's not about being 'cheap' — it's about being clever with money. Digital Empowerment: Financial Control in the Palm of Your Hand The rise of mobile apps and digital savings tools has given power back to the consumer. Today's shoppers don't have to wait for seasonal sales or walk into stores hoping for markdowns — they carry their discount engines in their pockets. Platforms like GC Coupons are at the forefront of this movement. This leading savings platform has made it easy for millions of people across the Middle East and North Africa to access exclusive promo codes for thousands of top brands. From fashion and beauty to electronics and dining, GC Coupons has become a go-to tool for anyone serious about spending smarter. A single visit to their website or app can save you anywhere from 10% to 60% — and all it takes is a few clicks. Why Paying Full Price Feels Outdated Once shoppers discover how easy it is to use promo codes, it becomes hard to justify ever paying full price again. Just ask Rana, a 34-year-old marketing manager based in Sharjah. 'Last month I bought a pair of sneakers from 6th Street. The original price was AED 395, but I used a 6th Street Discount Code and got them for under AED 300. It's not even about the money sometimes — it's about the thrill of knowing I got the best deal possible.' This shift in mindset is growing rapidly. Financial literacy is improving. Influencers are openly sharing savings hacks. Even luxury shoppers are getting in on the action — because if you can buy a designer handbag at Bloomingdale's for 20% less, why wouldn't you? That's where tools like a Bloomingdale's Promo Code come in handy. They're discreet, quick, and widely available — yet still underused by many. The Everyday Categories Where Shoppers Are Winning While people often associate couponing with budget shopping, the reality is that discounts now cover every major shopping category: Fashion: From global e-commerce players to regional brands like 6th Street and Namshi, there's always a deal waiting. Beauty & Skincare: Online stores now offer regular discounts via verified codes that can cut bills by 25% or more. Electronics: Gadgets, smartwatches, and accessories often come with hidden discounts through affiliate sites. Home & Lifestyle: Stores like Noon and Bloomingdale's routinely accept promotional codes, offering shoppers significant savings on high-end furniture and decor. Something as simple as applying a Noon Coupon at checkout can instantly slash your bill without compromising on quality or convenience. GC Coupons: Leading the Smarter Shopping Movement Founded in January 2020, GC Coupons has quietly built a strong reputation as the Middle East's most trusted coupon platform. With over 2.5 million users served, the platform is helping redefine the idea of value-driven shopping. Its mobile app — available on both Android and iOS — offers a user-friendly experience where shoppers can browse, save, and apply promo codes in seconds. With verified deals updated daily and compatibility with top-tier brands, GC Coupons has become a quiet but powerful force in the regional shopping landscape. Whether you're a student trying to stretch your allowance or a parent managing back-to-school expenses, there's a code for you — you just need to know where to look. From Loyalty to Laziness: The Truth About Paying Full Price It's time we reframe the way we think about 'loyalty.' Brand loyalty is important, but blind loyalty — where you pay full price without checking for available discounts — can cost you. Modern shoppers are increasingly aware that being an informed buyer is better than being a passive one. When you take five seconds to search for a coupon code before checkout, you're not just saving money — you're practicing self-respect and financial control. Final Thought: Smarter Is the New Stylish Shopping has always been personal. But in today's digital world, it's also strategic. Using discounts is no longer reserved for deal hunters or coupon clippers. It's for the modern professional, the style-conscious student, the value-seeking parent, and anyone who refuses to overpay. So the next time you're ready to hit 'Buy Now,' ask yourself: Why pay more when you don't have to?
New York Post
13-07-2025
- Business
- New York Post
Third Avenue retail scene on upswing
The retail scene on Third Avenue north of Bloomingdale's appears to be on the upswing, which spells good news for Upper East Siders and for the Manhattan store-leasing scene in general. Availability as high as 25.9% between 59th and 79th streets at the end of 2020 has gradually dipped to 8.4%, according to Cushman & Wakefield leasing powerhouse Steven Soutendijk. 'That is s very low, and almost all of that available space is around Bloomingdale's, like the Home Depot space,' he said. Asking rents range from $150 per square foot to $400, Soutendijk said, but the average ask is $246 per square feet. Advertisement Bloomingdale's at 1000 Third Ave. Google Maps Although the mile-long Third Avenue corridor enjoys none of the prestige of Madison Avenue, it's meaningful as a barometer of the economic health of one of Manhattan's most stable middle-class neighborhoods. 'Its consistency and strong demographic base continue to attract high-quality tenants,' said Meridian's James Famularo. Three years ago we noted that Third Avenue had lost many sportswear shops to 'wellness' tenants and even to walk-in pet clinics. Most are still there, and more are coming, but there's a renewed trend of leases to businesses that actually sell products. Advertisement The next major arrival, we're told will be Brandy Melville at 1172 Third Ave., between East 68th and 69th streets. The long-dark site was most recently home to CVS and a few pop-ups. Blinds to Go gobbled up half of the retail space at 1011 Third between East 60th and 61st streets. Whole Foods Daily Shop took over most of the space that was previously Food Emporium. Advertisement Workshoppe, a four-level fitness club, is coming to 1120 Third Ave. Steve Cuozzo A new outpost of popular Italian trattoria Felice is replacing a diner-cafe in Trump Plaza at East 64th Street. Some high-priced venues across from Bloomingdale's remain dark, such as the never-leased retail corner at the Harry Macklowe-developed 200 E. 59th St. and the former Ikea Studio at 999 Third Ave. But north of them, 'Small space in the high 60s and 70s gets leased very quickly and it is a very diverse mix of traditional apparel, groceries, restaurants and services,' Soutendijk said.
New York Post
09-07-2025
- Entertainment
- New York Post
As if! You can totally book a $1,995 a night ‘Clueless' suite — in Beverly Hills — to celebrate beloved film's 30th anniversary
As if Beverly Hills needed more glam, L'Ermitage just went full Cher Horowitz. To celebrate the 30th anniversary of the iconic 1995 teen flick 'Clueless' — the five-star L'Ermitage Beverly Hills hotel has teamed up with Bloomingdale's, Paramount Pictures and legendary costume designer Mona May to launch a limited-time immersive hotel suite that's part sleepover fantasy, part fashion show. 6 The team behind 'The Clueless Suite' refers to it as a tribute to a story that redefined being bold, stylish, and unapologetically fabulous in Beverly Hills. ©Paramount/Courtesy Everett Collection Bookable from July 12 through September 1, the 'Clueless Suite' transforms one of L'Ermitage's luxe 750-square-foot spaces into a Beverly Hills dream house fit for the queen of coordinated plaid. Think yellow tartan accent walls, a neon 'Carpe Diem! Okay?' sign, fuzzy pens, pop art, pink-on-pink decor and enough nostalgia to make even Amber Mariens say, 'Whatever!' 6 To mark 30 years of 'Clueless' fabulousness, the five-star L'Ermitage Beverly Hills just unveiled a suite that's part sleepover, part runway — and all totally Cher-worthy. Colleen O'Brien 'The Clueless Suite is our tribute to a story that redefined what it meant to be young, stylish, and unapologetically bold in Beverly Hills,' said Frédéric Zemmour, general manager of L'Ermitage Beverly Hills, as per a press release. This Beverly Hills boudoir includes a private balcony, oversized marble bathroom (perfect for post-mall bubble baths), overstuffed bedding from Bloomingdale's and a rotating wardrobe curated by May herself — complete with outfits inspired by Cher's closet, but make it 2025. Guests can even fill out a pre-arrival style quiz (paging Dionne!) to personalize their looks, then shop them via QR code in-room. And yes, there's access to a white Jeep Wrangler convertible — just be sure to actually learn to drive before merging onto Sunset. 6 This Beverly Hills boudoir boasts a private balcony, marble bath made for post-mall soaks, plush Bloomie's bedding and a 2025-ready Cher-approved wardrobe curated by Mona May. Colleen O'Brien Guests can update their stay with the 'Cher'mitage Experience,' a signature add-on featuring Clueless-themed turn-down treats, movie streaming, a complimentary sunset toast at the rooftop lounge, and — of course — a Bloomingdale's shopping spree. The package includes a $100 gift card, a VIP in-store styling appointment and a glam sesh with Dior Beauty to complete the makeover moment. Rates for 'The Clueless Suite' start at $1,995 per night with a two-night minimum, while the 'Cher'mitage Experience' add-on starts at $995/night and must be booked through the hotel concierge at least two days in advance. Ugh, as if you'd wait until the last minute. Because while some people are just 'ensemble challenged,' this suite slays — and proves that 'Clueless' is still the most fashion-forward film of our time. 6 Rates for the Clueless Suite start at $1,995/night (two-night minimum). Colleen O'Brien 6 The package offers a $100 gift card, VIP styling, and a Dior Beauty glam session to finish the look. Colleen O'Brien As The Post previously dished, lead actress Silverstone, 48, is slipping back into her plaid miniskirt to reprise her iconic role as Cher Horowitz in a 'Clueless' sequel series for Peacock — with 'Gossip Girl' and 'The O.C.' masterminds Josh Schwartz and Stephanie Savage running the show. Silverstone will also serve as executive producer. 6 Available July 12 to Sept. 1, the 'Clueless Suite' turns 750 swanky square feet into a Beverly Hills dream pad fit for the queen of plaid, Cher Horowitz herself. ©Paramount/Courtesy Everett Collection The original flick was a California remix of Jane Austen's 1815 novel 'Emma' — but plot details for the new Peacock series are still totally under wraps, so no word yet on whether other Austen tales will get a makeover. The 1995 classic starred Silverstone, Paul Rudd, the late Brittany Murphy, Stacey Dash, Breckin Meyer and Wallace Shawn, among others. So grab your fuzzy pen and book it, because fans think missing this would be totally wiggin'.
Fashion Network
08-07-2025
- Business
- Fashion Network
Saks loses ground as Bloomingdale's and Nordstrom gain post–Neiman Marcus deal
Saks Global, a closely held company, has responded by borrowing more to stabilize operations and pay $275 million in overdue vendor invoices. It recently secured $600 million in financing to begin making payments and resume vendor shipments. Some luxury vendors had previously delayed or reduced merchandise deliveries over concerns about non-payment, a move that risked leaving Saks without adequate inventory ahead of the holiday season. The data from Bloomberg Second Measure may underrepresent high-end shoppers who tend to use credit cards more often than debit cards. Still, the trajectory of the revenue decline has raised questions about the group's strategy and operational execution. Following the acquisition, Saks had planned to cut costs, unify supply chains, and modernize technology across both banners. However, delays in vendor payments and reported customer complaints over fulfillment, returns, and refunds have drawn attention. 'Bankruptcy risk remains given what appears to be a multitude of execution problems impacting customer experience,' said Bloomberg Intelligence analyst Mary Ross Gilbert, citing a review of online complaints about damaged packaging, return charges, and refund issues. The impact on client experience stands in stark contrast to that of competitors. While Bloomingdale's has also faced complaints about shipping delays, those were generally considered less severe. A Saks spokesperson stated the company had implemented new processes to reduce return times to 7–10 days and was focused on delivering high-quality merchandise moving forward. The downturn has been sustained. Saks Fifth Avenue has experienced an average quarterly sales decline of nearly 21% since early 2023. While Neiman Marcus and Bergdorf Goodman had seen year-over-year sales gains in late 2024 and early 2025, the most recent quarter experienced a return to negative growth. Meanwhile, Bloomingdale's and Nordstrom reported consistent year-over-year growth across the past four quarters. The pressure is particularly acute as Saks stocks its warehouses for the upcoming holiday season, running from November through January. If vendors continue to hold back, the retailer risks missing sales opportunities at a critical time. Some brands, however, are maintaining support. Rails, a Los Angeles-based fashion label, has continued shipments despite being owed 'a couple of million dollars,' according to CEO Jeff Abrams. He noted the company is receiving partial payments via Saks' financial intermediary. 'We're in the window where, I think, investors and brands are looking to see how the proposed game plan is actually going to play out in real life,' said Abrams. Rails is also expanding its direct-to-consumer retail footprint to reduce reliance on third-party department store partners. Saks Global, meanwhile, said it expects vendor shipments to normalize as payments are made and inventory flow improves.
