💬 Quoted… “[The] consumer continues to be under pressure.”
In a CNBC interview this week, Macy’s CEO Jeff Gennette said the retailer has seen consumers pull back on discretionary spending and put more purchases on credit cards – a phenomenon also seen throughout the rest of the economy. Credit card balances rose by $45 million in Q2 to surpass $1 trillion for the first time.
🍽️ Fact of the Day: Casual restaurant chains like Applebee’s and Olive Garden are the most socioeconomically diverse locations in America, featuring more cross-class mingling than libraries, parks, museums, or schools, per a recent study published in SSRN.
🤔 Did You Know?... Chris Farley was originally cast as Shrek instead of Mike Meyers, but he died while the movie was in production.
📰 Worth a Read: Why nobody got paid for one of the most sampled sounds in hip-hop → (The Hustle)
🔥 It’s Thursday, August 24th – and here’s what’s hot, hot, hot.
🔥 It’s Wednesday, August 23rd – and here’s what’s hot, hot, hot.
🔥 It’s Tuesday, August 22nd – and here’s what’s hot, hot, hot.
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