Gift Guide $250—$500

Tory Burch Cashmere Hoodies and Pants

On a cold night, there's nothing better than a hot cup of cocoa and something cozy to snuggle up in. Give a good friend the gift of cashmere this year. Lounging never felt so luxurious.

Sweater available for $395 and pants for $295. Call 212-334-3000.