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For Gen Z Apparel Brands, The Mall Is Fashion-Forward [Yahoo! Finance]
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The pandemic hollowed out most of America's 900 or so shopping malls but for about a hundred located in upscale markets, business could hardly be better. Gen Z digital natives are discovering the fun of physical shopping, and apparel brands are discovering the power of “phygital” marketing. In the northeast suburbs of Philadelphia, for example, Neshaminy Mall – a one million-square-foot sensation when it opened in 1968 – was so empty and decrepit in 2024 that it sold “as is” for $27.5 million and slated for demolition. The last few remaining tenants were a beauty school, a pop-up wedding venue, and a nondenominational church. A 30-minute drive down the Pennsylvania Turnpike, in the upscale suburbs northwest of the city, the King of Prussia Mall is one of the largest and busiest in the country, with some 450 retail tenants. Alongside names familiar to Boomers and Millennials, like Nordstrom and Neiman Marcus, are relative newcomers – emerging, teen-centric, fashion brands like E
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- Long lines form at tribal gas stations as drivers chase steep discounts amid high fuel costs [FOX News][FOX News]
- Costco Wholesale (COST) had its price target raised by JPMorgan Chase & Co. from $1,060.00 to $1,110.00. They now have an "overweight" rating on the stock.[MarketBeat]
- Jim Cramer Reveals Why Costco's (COST) Doing Well [Yahoo! Finance][Yahoo! Finance]
- Using Your Tax Refund To Buy a Car? This Dealer Mistake Can Cost You for Years [Yahoo! Finance][Yahoo! Finance]
- Costco Wholesale (COST) had its price target raised by Mizuho from $1,065.00 to $1,100.00. They now have an "outperform" rating on the stock.[MarketBeat]
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