If you find yourself sticking to a tighter budget this holiday season, you're not alone. Between raising rent prices and grocery costs, the 2025 gift-giving season is shaping up to be one of the most frugal in recent memory. Still, you can check loved ones off of your holiday list and get them a travel gift they'll cherish forever while sticking to your financial goals-the trick is to take advantage of sales from retailers like REI, and use price caps to guide your shopping.
"After thoughtful consideration, we have made the difficult decision to close our SoHo store in late 2026," a REI spokesperson said in an official statement. "Since opening in 2011, this location has held a special place for us and we are grateful to our team, our members and customers, and the broader community for their support over the past 15 years." The 35,00-square-foot flagship-the company's only location across the five boroughs-first debuted inside the iconic Puck Building on Lafayette Street back in 2011 and New Yorkers immediately flooded the shop to stock up on their camping and ski gear.