Despite living in a digital age, 97% of Gen Z continues to shop in brick-and-mortar stores, according to a survey by the International Council of Shopping Centers. Following Tanger Outlets (SKT) second quarter earnings results, CEO Stephen Yalof joins Wealth! to discuss the state of the consumer. Yalof observes that the middle price point “is really attractive to the consumer,” with brands like Gap (GPS), Old Navy, and Banana Republic performing well. However, higher-priced brands are “not having the same sort of day that these particular brands are.” With inflation remaining high, quality and affordable brands are particularly appealing to consumers. Despite the evolving digital landscape, Yalof notes that individuals […]
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The Nasdaq Composite (^IXIC) has entered correction territory as recession fears push stock markets into the red. But what exactly is a market correction and how does an index enter and exit such a phase? Wealth host Brad Smith explains the details, breaking down the concept of market corrections and their implications. #youtube #news #stockmarket About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) – Follow Yahoo Finance […]
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