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- Oysters, Champagne and Billionaires Buying Art
When the European Fine Art Foundation alights in Manhattan, it’s something like a billionaire version of the classic television game show “Supermarket Sweep.” [TheTopNews] Read More.8 hours ago - U.S. Debt Is Now Bigger Than the Economy. That’s Not the Real Problem.Washington quickly brushed off a startling milestone in a mounting problem. [TheTopNews] Read More.9 hours ago
- Meet the pilots flying Spirit Airlines’ yellow jets to the desert
Special pilots have been moving Spirit's fleet of yellow jets to the desert. [TheTopNews] Read More.9 hours ago - Creator content made the main stage at TV’s ‘upfront’ pitches ...In media companies' annual pitch to advertisers this week, creator content played a bigger role as a new category for reaching younger audiences. [TheTopNews] Read More.9 hours ago
- Gen Z shoppers helping revive America’s malls with push for in-person experien...
Gen Z shoppers are helping fuel a new chapter for America’s malls as younger consumers increasingly favor in-person shopping experiences over simply filling online carts. Their spending habits are becoming a major focus for retailers and mall operators looking to adapt to changing consumer behavior.FOX Business’ Madison Alworth joined FOX Business’ Stuart Varney on "Varney & Co." to report on how malls are redesigning spaces and adding new experiences aimed at younger shoppers, from social media-friendly dressing rooms to activities like indoor rock climbing walls.BURLINGTON TO OPEN OVER TWO DOZEN NEW STORES ACROSS COUNTRY IN MAYAccording to data firm NielsenIQ, Gen Z retail spending is expected to surpass $12 trillion globally by 2030, with growth outpacing every other generation. Data from Circana also found shoppers between 18 and 24 years old made 62% of their general merchandise purchases in physical stores last year, compared to 52% among consumers 25 and older.Those trends come as broader retail spending has remained resilient despite ongoing economic uncertainty. U.S. retail sales rose 0.5% in April from the previous month and climbed 4.9% year over year, according to Commerce Department data released Thursday, showing consumers are still spending even as higher interest rates continue pressuring household budgets.Macerich Executive Vice President of Asset Management Cory Scott said younger shoppers are increasingly prioritizing experiences alongside purchases.WALMART CUTTING OR RELOCATING ABOUT 1,000 CORPORATE JOBS"They value experiences almost more than they value material things. So it's as much about the journey as the shopping and the things that they're taking home with them," Scott said.Some Gen Z shoppers told FOX Business malls offer a social connection that online shopping cannot fully replace.One shopper said, "We grew up during like quarantine… Getting out and hanging out with people was a very big thing we didn't appreciate during that time… As we grow older, we see that we need to be doing these things and it's kind of fun."GET FOX BUSINESS ON THE GO BY CLICKING HERE [TheTopNews] Read More.10 hours ago - Which Countries Are Profiting From the Iran War Oil ShockAn analysis of oil export data offers clues about which nations have benefited from higher prices, and which have lost a lot of revenue. [TheTopNews] Read More.12 hours ago
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