Here are the headlines from Cheddar News that are Good 2 Know.
NOSTALGIA SELLS
Nostalgia is a top seller among Gen Z shoppers, according to a report from the Washington Post. The outlet cited research from buy now, pay later firm Klarna showing that "vintage tech" sales are rising, with sales of wired headphones up 300 percent in February 2022 compared with the year before, and flip phone sales were up more than 80 percent in August. Other products to cash in on the nostalgia craze included McDonald's, which started offering adult Happy Meals, and candy maker Just Born Quality Confections, which doubled down on its Easter favorite Peeps. Movie studios also continue to capitalize on the trend with a line-up of TV and movie reboots.
DOLLAR STORE GROCERIES
Research from Coresight found that more than 20 percent of consumers are now purchasing groceries at dollar stores such as Dollar Tree and Dollar General. This follows another report from the American Journal of Public Health finding that dollar stores are the fastest-growing food retailers in the U.S. As a result, major chains are in the middle of a massive expansion. Dollar General, for instance, is building 1,050 new stores and remodeling 2,000 others in 2023.
The weakened storm could still cause “continued life-threatening and locally catastrophic flooding” was expected over portions of the southwestern U.S., following record-breaking rainfall, according to the National Hurricane Center in Miami.
Laura Ann Carleton, 66, was pronounced dead at the scene of the shooting Friday night. Authorities say an armed suspect was later located and killed after a confrontation with deputies.
Nearly two weeks after wildfires devastated the town of Lahaina, Hawaii, crews have searched about 60% of the scorched areas but scores of people remain missing.
University athletic departments and collegiate sports conferences are paying millions of dollars for bet-tracking services to make sure that student-athletes, coaches and staff aren't gambling in violation of school and NCAA rules and state laws.
The average long-term U.S. mortgage rate climbed this week to its highest level in more than 20 years, grim news for would-be homebuyers already challenged by a housing market that remains competitive due to a dearth of homes for sale.
