BUSINESS

WestJet is partnering with Tool Shed Brewing to offer craft beer. No beer from multinational breweries will be available, a first for any Northern American airline.

The Aug. 29 festival in Irvine, Calif., will support organizations advancing and advocating for women and girls.

Your day-ahead look for June 23, 2026

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealWarmer weather is upon us, meaning it’s time to break out the airy, breezy sandals. The best sandals can be expensive, however, especially if you’re looking for name-brand shoes. Thankfully, that doesn’t mean you have to settle for cheap plastic flip-flops that break after only a few wears. We found a pair of stylish sandals that look like a popular style at a fraction of the price. The Cushionaire Luna Cork Footbed Sandals with +Comfort are currently on sale for $35 at Amazon during Prime Day 2026. Originally $50, these value sandals are now even more budget-friendly thanks to this limited-time deal.Cushionaire Luna Cork Footbed Sandal with +Comfort, $35 (was $50) at Amazon

Courtesy of Amazon

Shop at AmazonDetails to knowThese sandals have 100% genuine suede insoles for comfort, with a lightweight cork footbed that’s supportive and flexible. Adjustable straps made of high-quality faux leather are durable and give you a custom fit. An EVA outsole provides traction and stability on even the slipperiest of surfaces, making these great for wearing all season, whether you’re going to the beach or to the farmers’ market. Related: Amazon’s fast-selling jelly sandals come in 10 colors for just $45 ahead of Prime DayThe shoes come in more than 15 colors at varying prices, including various tried-and-true shades of brown, beige, and black. No matter which color you choose, you can wear these with practically any outfit and for any occasion. At such a great price, you might as well stock up on all of your favorite colorways. Shoppers compliment the stylish sandals on their quality, support, and fit, with one shopper calling them “more comfortable than Birks.””As someone who owns multiple pairs of Birks, these sandals are absolutely up to expectations of real Birk[enstocks],” they continue. “The Birks I have are the Arizona soft footbed. I wanted this style of Birks, but I couldn’t find the soft footbed version of them. I saw these and thought I may as well try them for the price. Let me tell you, these are even more comfy than my soft-footbed Arizona Birks!”Needless to say, you don’t have to spend hundreds of dollars to add a quality pair of sandals to your wardrobe for the seasons ahead. This is a limited-time deal, so don’t wait to shop the Cushionaire Luna Cork Footbed Sandal with +Comfort for $35 at Amazon. 

Clothing retailers often blame a long list of economic problems for their financial distress.Among the problems are rising costs of products and labor, driven by inflation and tariffs; consumers’ changing attitudes toward shopping at brick-and-mortar retailers; overmarket lease rates; and rising interest rates on debt obligations for closing stores and filing for bankruptcy.Unsustainable overhead is a common economic issue that forces retailers, such as apparel chains, to close locations and in some cases file for bankruptcy. That was what forced women’s apparel retail chain Morning Lavender to close two stores and file for bankruptcy.

Morning Lavender closed two of its boutique stores, facing economic problems.Shutterstock

Morning Lavender files for bankruptcyStylish women’s fashion retailer Morning Lavender LLC filed for Chapter 11 bankruptcy protection shortly after closing two of its retail locations to focus on its flagship Orange County, Calif., store, cafe, and e-commerce website.The Tustin, Calif.-based retailer filed its Subchapter V petition in the U.S. Bankruptcy Court for the Central District of California on June 16, listing $100,000 to $500,000 in assets and $1 million to $10 million in debt, according to court papers. The company did not give a specific reason for filing for bankruptcy.The Tustin store remains open, and the company’s online e-commerce continues. Morning Lavender’s largest creditors include Bank of America, owed over $412,000; Chase Bank, owed over $334,000; Shopify, owed over $284,000; and American Express, owed over $89,000.Retail chain closes locationThe retailer closed its Solana Beach, Calif., location near San Diego on March 29, 2026, after suffering financial difficulties.”This is probably the hardest video I’ve ever had to make,” Kim Le Pham, owner of Morning Lavender, said in a Facebook video. “Today I have unfortunately a hard announcement to make. Starting March 29, we will be closing our Solana Beach location. This is a decision we have not made lightly, of course.”Morning Lavender operated in Solana Beach for 14 months, but was unable to meet its projections, as construction setbacks and a series of bad decisions led to financial difficulties, according to the video.Another store shuts downThe retail chain subsequently closed its location at the eight-year-old Pacific City shopping center on Huntington Beach, Calif.Morning Lavender did not officially announce the closing on social media or its website, but the store, which it opened on Oct. 15, 2022, is no longer listed on its website or on Pacific City’s center directory.The Huntington Beach store at Pacific City is reported as closed on Yelp.Large retailers stave off distressLarger retailers are better able to avoid high-risk situations, such as bankruptcy, than smaller companies, according to Rapid Ratings Executive Chairman James Gellert.”What we’re seeing in retail is consistent with a lot of other industries,” Gellert said, according to Rapid Ratings’ website.”A larger-sized company is able to plod through or even improve during more volatile economic times, where smaller companies are being disproportionately hit,” Gellert said. Apparel store includes cafeMorning Lavender Boutique and Cafe was created by wedding photographer and fashion blogger Kim Le Pham and opened for business in 2018 in Tustin, featuring dresses, tops, bottoms, and accessories.The cafe in the Tustin Morning Lavender offers espresso drinks, teas, and lite bites, according to its website. It also features Afternoon Tea Service by reservation on Fridays, Saturdays and Sundays, priced at $44 for adults and $33 for children age 7 to 13.The Afternoon Tea menu includes finger sandwiches, scones, petite desserts, and a pot of fine tea.Morning Lavender store locations:Flagship: 330 El Camino Real, Tustin, Calif.Pacific City Center, 21034 Pacific Coast Highway, Suite 108, Huntington Beach, Calif. (Closed.)329 South Highway 101, Suite 120, Solana Beach, Calif. (Closed.)Source: Morning LavenderRelated: 52-year-old steakhouse chain has closed almost half its locations

“Real Trading: Why Stock Markets Will Always Need a Human Touch” by Daniel Schlaepfer is released with Forbes Books.

“The Growth Capital Playbook: How Smart Founders Find the Right Partner, Scale Fast, and Build What Lasts” by Rick Ford is released with Forbes Books.

Bitcoin lost 2.5% to $62,300 and ether fell more than 4% while $717 million in liquidations amplified losses across altcoins.

Investors may be racing ahead of what the AI trade can deliver, warns Goldman Sachs.

The license will enable Ripple to offer its stablecoin payment systems to European companies and expand into broader crypto functions.