Discover more from After School by Casey Lewis
Climate Trials and Takeout Cocktails
correlation is not causation
Nicki Minaj and Ice Spice are dropping their highly anticipated collab “Barbie World” on June 23; K-pop band BTS turned 10 and Seoul lit up landmarks to celebrate; ‘The Idol’ ratings slip with episode two; and Barack Obama shares his No. 1 piece of career advice for Gen Z: ‘Just learn how to get stuff done’.
GEN Z AND MILLENNIALS ARE SCRIMPING. BOOMERS? LIVING IT UP, CNN
Bank of America's internal data shows a “significant gap” in spending has opened recently between older and younger generations. While Baby Boomers and Traditionalists (born 1928-1945) are ramping up spending, Gen Z and millennials are cutting back as they grapple with high housing costs and looming student debt payments. “It’s fairly unusual,” said David Tinsley, senior economist at the Bank of America Institute. :/
‘MY LIFE AND MY HOME’: YOUNG PEOPLE START TO TESTIFY AT HISTORIC US CLIMATE TRIAL, theguardian
The U.S.’s first-ever trial in a constitutional climate lawsuit kicked off yesterday in a packed courtroom in Helena, Montana. The 16 plaintiffs between the ages of five and 22 note that Montana’s constitution pledges a healthy environment “for present and future generations.”
TAKEOUT ALCOHOL PROVES TO BE A HIT WITH GEN Z AND MILLENNIALS, tastingtable
There’s a persistent belief that Gen Z doesn’t drink — which I’ve ranted about before — and here’s further proof that many are, in fact, imbibing. (Given the climate crisis and financial anxiety, can you blame them for boozing?) According to a recent report by the National Restaurant Association, more than 40% of Gen Z and millennial consumers “have taken a spirited bevy onto their takeout orders in the past six months alone.” Further, 57% of millennials are more likely to choose a restaurant based on its beer and wine list, and Gen Z is close behind with 45% operating the same way.
A NEW ERA OF WEDDING DRESS SHOPPING, nyt
“The thing about Gen Z brides is they do their research,” said Beth Chapman, the owner of the White Dress by the Shore, a boutique shop in Clinton, Conn. Young brides typically “spend countless hours scrolling through social media, studying the gowns worn by influencers and celebrities, creating Pinterest boards and surveying the websites of designers and retailers” before making a purchase.
TIKTOK SHOP IS TESTING VISUAL SEARCH, adweek
TikTok is testing a new tool in its Shop tab that will allow users to take a photo and search visual inventory based on the image. The tool is currently being tested in select markets outside the U.S.; in the U.S., user adoption of visual search is small but growing—the percentage of U.S. adults who regularly use visual search rose to 8.2% in February 2023 from 3.8% in April 2020.
WHICH BEAUTY BRANDS WILL INVESTORS SNAP UP NEXT?, voguebusiness
As M&A activity slows, investors are increasingly wary of beauty brands that shot to success through social media. Experts say brands with unique products and a strong balance sheet that can weather turbulent macro-environmental conditions will prevail, but it’s not going to be easy. There are so many VC-backed beauty brands, and so few Glossiers (i.e. household names); they can’t all possibly all succeed — enthusiastic consumers we may be, but no one needs that many beauty and skincare products!
LIVESTREAM SHOPPING BOOMS AS SMALL BUSINESSES STRIKE GOLD ON SOCIAL MEDIA, cnbc
“We have 134 million buyers all around the globe who are chomping at the bit and really thrilled to engage with sellers in this new way,” said eBay’s chief product officer, Eddie Garcia. I appreciate Eddie’s optimism but I’m not sure 134 million buyers are really chomping at the bit for livestream shopping.
One last thought:
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