Tag: Manhattan’s

19 FEB

We went to Manhattan’s most luxurious department store to see how the 1% shops — and it revealed no one’s immune to the retail apocalypse

Rashad Benton/ Business Insider Department stores across the country are doubling down on discount options to offset slowing sales, but not Barneys New York. Established in 1923, Barneys is an exclusive department store known for having some of the sharpest and most expensive clothing items from the world’s top luxury brands.  The retailer rarely releases […]

06 JAN

Trump’s tax overhaul has slowed Manhattan’s real estate market even before going into full effect

Eduardo Munoz/Reuters Fourth-quarter home sales in Manhattan slumped as buyers considered the impact of the new tax law.  The Tax Cuts and Jobs Act caps the amount of state and local tax deductions at $ 10,000, and rich taxpayers who itemize their deductions benefitted the most when it was uncapped. Homeowners across high-tax states including New York, […]