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    Lego Black Market Fetches Big Prices for Little Plastic Bricks

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    Some Lego sets have skyrocketed in value but behind the eye-popping price tags is a dark side: an underground market that fuels brazen thefts.It’s one Lego kit, a collection of small plastic bricks and related accessories. What could it cost? The answer, it turns out, could be thousands of dollars.Lego kits and minifigures, figurines that are a little over 1.5 inches tall, are commanding high prices on the secondary market, with some, like the LEGO San Diego Comic-Con 2013 Spider-Man, valued as high as $16,846.The children’s toys have even become something of an investing opportunity for those savvy enough to know what to look for.But with the eye-popping price tags comes a dark side: Lego kits have become a hot commodity on the black market and the target of brazen thieves.Last year, burglars hit Bricks & Minifigs outlets in California. Thieves made off with at least $100,000 worth of Lego kits and accessories.Last month, the Alameda County Sheriff’s Office in California recovered nearly 200 Lego sets after arresting a person in connection with a burglary at Crush Comics, a comic book store in Castro Valley, Calif.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Specter of Auto Tariffs Spurs Some Car Buyers to Rush Purchases

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      “Prices are going to shoot up now,” one shopper said. But some dealers said that economic concerns might be keeping people away.Ziggy Duchnowski spent Saturday morning car shopping along Northern Boulevard in Queens with two goals in mind.He wanted to find a new small car for his wife, and he hoped to strike a deal before the new tariffs that President Trump is imposing on imported cars and trucks affect prices.“The word on the street is prices are going to shoot up now,” said Mr. Duchnowski, 45, a union carpenter who voted for Mr. Trump, holding the hands of his two small children.The tariffs — 25 percent on vehicles and parts produced outside the United States — will have a broad impact on the North American auto industry. They are supposed to go into effect on April 3 and are sure to raise the prices of new cars and trucks.They will also force automakers to adjust their North American manufacturing operations and scramble to find ways to cut costs to offset the tariffs. And for now at least, they are spurring some consumers to buy vehicles before sticker prices jump.Analysts estimate that the tariffs will significantly increase the prices of new vehicles, adding a few thousand dollars for entry-level models to $10,000 or more for high-end cars and trucks. Higher prices for new vehicles are also likely to nudge used-car prices higher.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trend Overload

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      We cover a surprising form of Gen Z burnout. Consider yourself lucky if you have never heard of the “coastal grandmother aesthetic.”Or “blueberry milk nails,” or the “mob wife aesthetic” or a hundred other blink-and-you’ll-miss-them crazes that cycle online with the ferocity of a centrifuge. These microtrends, as they’re known, tend to be associated with Gen Z. But members of that generation say they are exhausted by the onslaught of faddish clothes and new phrases they encounter every time they pick up their phones.I’ve spent the last few months asking young people about the fashion and social media trends that are actually registering in their offline lives. More than any one trend, the teenagers and twentysomethings I spoke with wanted to talk about just how many trends there were, and how overwhelming it all felt.Every generation feels pressure to keep up with trends, especially in its youth. But many members of Gen Z seem to be under particular stress: The fire hose of social media offers endless opportunities to feel left out. Others say they just can’t afford — mentally or financially — to try to keep up.For a new story in The Times’s Style section, I talked to young people about the frenzied trend ecosystem — and what some of them were doing to escape it.Keeping upShort-form video platforms like TikTok are fertile territory for microtrends. They get a heavy assist from fast fashion companies like Temu and Shein that sell inexpensive but poorly made clothes and accessories, available in just a few clicks on the apps.On the first day of sixth grade, Neena Atkins noticed that several girls at her middle school wore scrunchies on their wrists. She searched for scrunchies on TikTok, and in the days that followed she was served dozens more videos in which the hair ties were being worn as bracelets.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Macy’s Signals a Rocky Year Ahead as Trade War Looms

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      The largest department store chain in the U.S., like other retailers recently, warned that consumers may be more cautious with their money in the months ahead.Macy’s, the largest department store in the United States, saw slightly improved sales across all of its stores during the holiday season, but like other retailers it warned of a potentially rocky year ahead. Macy’s said comparable sales at stores that it owns were down 1.1 percent in its fiscal fourth quarter, which ended Feb. 1. Across all of Macy’s nameplates, which include Bloomingdale’s and Bluemercury, as well as its licensed business and online marketplace, sales rose 0.2 percent, the best result in many quarters.Macy’s entered the holiday season facing tough challenges, including more cost-conscious consumers, weakening profitability and a bizarre accounting error. It is in the midst of a turnaround plan that includes closing underperforming locations and improving its remaining stores with more staffing and better merchandise. It has closed about 66 of 150 planned stores so far. While Macy’s sees signs of optimism, the forecast it offered Wall Street showed that it expects to bring in less revenue than it did last fiscal year, in part because of the store closures. The retailer said it expects net sales to be $21 to $21.4 billion, down from the $22.3 billion this past year. It expects comparable sales to fall as much as 2 percent.David Swartz, a senior equity analyst at Morningstar, cautioned that investors and analysts like himself “need to see more” in order to be convinced that the department store’s strategy to reverse its fortunes is really working.“When you own hundreds of stores, some of them are going to be really good and some of them in the middle and some of them are terrible,” he said, adding that “the fact that the better stores are performing fairly well does not really tell you that much about the health of the whole company, unfortunately.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Joann Customers React to Store Closings and Bankruptcy

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      For quilters, knitters and crafters, Joann, which expects to close more than half of its stores after filing for bankruptcy, has been a one-stop shop — and more.Crafters, quilters, knitters and makers across the country received bleak news on Wednesday when they learned that Joann, the arts-and-crafts retail giant, was preparing to close more than half of its stores in the wake of its latest bankruptcy filing — its second in less than a year.Possibly as early as this weekend, pending court approval, the company will begin closing 500 of its roughly 800 stores nationwide. To its loyal customer base, the news represented more than just the decline of a chain that sells yarn, art supplies, sewing machines and fabrics. It also symbolized the demise of a sanctuary for those who find joy in the therapeutic hobby of creation.Jen Clapp, a longtime quilter and former fiber optics salesperson who lives in Northern Kentucky, mourned the expected end of the Joann she had been visiting since she was a girl. Back then, it was known as Jo-Ann Fabrics.“My friends who don’t quilt have been texting me to ask, ‘I just heard what happened — are you OK?’” Ms. Clapp said. “And no, I’m not OK. I’m heartbroken. My grandmother took me to that Joann, and I still go to it. Back then it opened up my world to quilting, seeing a whole wall full of calico cotton, and it’s been my go-to Joann ever since.”“I’ve gone to the smaller boutique stores, and you might get higher-end fabrics at them, but nothing really has the same selection as a Joann,” she added. “What’s happening will hurt the quilting community because those smaller specialty stores are few and far between. You’ve got to travel to get to one, and not everyone can find them. But almost anybody can get to a Joann.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Joann, the Arts and Crafts Chain, Will Close 500 Stores Across U.S.

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      The announcement came one month after the company’s second bankruptcy filing in less than a year.Joann, the financially troubled arts-and-crafts retailer, announced Wednesday that it was preparing to close 500 of its 800 remaining stores after its latest bankruptcy filing.The announcement came one month after the eight-decade-old company filed for bankruptcy for the second time in less than a year, as consumers pull back on spending. If the District of Delaware Bankruptcy Court gives its approval, the company said in a statement that it would shut underperforming stores across the country, from New York to Alaska.“This was a very difficult decision to make, given the major impact we know it will have on our team members, our customers and all of the communities we serve,” the company said in an emailed statement.Joann, whose outlets were once called Jo-Ann Fabrics, is based in Hudson, Ohio. The chain has long sold art supplies, such as yarn, sewing machines, fabrics and other seasonal products. The company currently has stores in 49 states.In March 2024, Joann filed for bankruptcy to reduce debt, resulting in the publicly-traded company’s being taken into private ownership. That initial filing closed in August 2024.The retailer continued its downward spiral after a short-lived boost during the pandemic. The company said on Wednesday that it faced “significant and lasting challenges in the retail environment, which, coupled with our current financial position and constrained inventory levels, have forced us to take this step.”Going-out-of-business sales at stores could start as early as Saturday, according to a customer FAQ shared by the company.The retail chain is also seeking court authorization to stop accepting gift cards both online and in stores within the next two weeks. Joann has already stopped selling gift cards and no longer accepts them on its website. Returns will stop being accepted two weeks after the court’s approval of Joann’s restructuring plan, the company said.J. Edward Moreno More

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      Macy’s Earnings Report Details Multimillion-Dollar Accounting Error

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      Analysts see much bigger challenges for the retailer than lax accounting.With just two weeks until Christmas, Macy’s has been operating under a cloud. The retailer shocked Wall Street last month when it said that an employee had “intentionally” hidden more than $150 million over the past few years, forcing the company to delay an earnings report that analysts use to gauge its health as it enters the most important selling season.On Wednesday, Macy’s gave investors a full look at its financials and provided more information about the accounting snafu that involved how it measured the cost of delivering small packages. It found “no material impact” on its previous results, but nonetheless had to revise its accounts going back a few years and lower its forecast for profits this year.Macy’s confirmed in a filing that a single employee, who is no longer with the company, “intentionally made erroneous accounting entries and falsified underlying documentation, to understate delivery expenses” from late 2021 through the third quarter of this year. On a call with analysts, Adrian Mitchell, Macy’s finance chief, said the error was not made for personal financial gain.“This was not theft,” he said. “There was no impact to revenues, and there was no impact to cash or inventories as all vendors were fully paid.”Macy’s said it was taking measures to improve its financial controls, including “re-evaluating the risk of employee circumvention of controls.”Concerns still remain about how the company will turn around its falling sales and fend off activist investors pushing for major changes.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      With Discounts on Offer, Shoppers Seem to Bite

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      Early data on online spending this week shows consumers are being drawn to discounts. A clearer picture of Black Friday sales, including in-store spending, will emerge in the days ahead.For weeks, businesses have been sending consumers endless offers of discounts on all sorts of items. Finally, on this long weekend, it appears that consumers bit.Preliminary data released on Friday suggests that Americans took advantage of big deals on Thanksgiving and Black Friday, opening their wallets, though they were selective about what they bought.Consumers spent $7.9 billion in online shopping on Friday, an increase of 8.2 percent compared with last year, according to incomplete numbers from Adobe Analytics. That’s on top of $6.1 billion online on Thanksgiving Day, around 9 percent more than the previous year. The increases were driven by large discounts on items like toys, electronics and apparel. These numbers offer an early look at how the holiday shopping season has gone so far. The Adobe data doesn’t include in-store buying. Mastercard will release data that includes in-store sales on Saturday, and the National Retail Federation is set to update its figures on the holiday shopping season next week.Ahead of the holiday weekend, as retailers issued forecasts for the coming months, they painted a picture of shoppers who have grown choosy, holding off on large purchases after years of faster-than-usual price increases and with interest rates still high.“Consumers have been waiting all of 2024 for this moment to buy the goods they want and need at a lower price, and they seem to be pleased with the discounts they’re seeing this week,” said Caila Schwartz, the director of consumer insights at Salesforce, which also tracks spending data.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Peggy Caserta, Who Wrote a Tell-All About Janis Joplin, Dies at 84

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      Her Haight-Ashbury clothing store was ground zero for the counterculture. But she was best known for a tawdry book — which she later disavowed — published after Ms. Joplin’s death.Peggy Caserta, whose funky Haight-Ashbury clothing boutique was a magnet for young bohemians and musicians, and who exploited her relationship with Janis Joplin in a much-panned 1973 memoir that she later disavowed, died on Nov. 21 at her home in Tillamook, Ore. She was 84.Her partner and only immediate survivor, Jackie Mendelson, confirmed the death but did not specify a cause.The Louisiana-born Ms. Caserta was 23 and working at a Delta Air Lines office in San Francisco when she decided to open a clothing store for her cohort, the lesbians in her neighborhood. She found an empty storefront on Haight Street, near the corner of Ashbury, which she rented for $87.50 a month.At first Ms. Caserta sold jeans, sweatshirts and double-breasted denim blazers that her mother made. Then she added Levi’s pants, which a friend turned into flares by inserting a triangle of denim into the side seams. When the friend couldn’t keep up with the orders, Ms. Caserta persuaded Levi Strauss & Company to make them.She named the place Mnasidika (pronounced na-SID-ek-ah), after a character in a poem by Sappho. “It’s a Greek girls’ name,” Ms. Caserta told The San Francisco Examiner in 1965, for an article about the “new bohemians” colonizing the Haight-Ashbury district.Ms. Caserta was 23 when she opened a clothing store, Mnasidika, in the Haight-Ashbury district of San Francisco.via Wyatt MackenzieWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More