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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFalling rates could spur activity in retail M&A space, says J Rogers Kniffen WWE CEOJan Kniffen, J Rogers Kniffen WWE CEO, joins 'Money Movers' to discuss the important retail story, whether any change in regulatory policy would filter down into retail, and who would be hurt by tariffs on imported goods from China.
Persons: J Rogers Kniffen, Jan Kniffen Organizations: J Rogers Kniffen WWE Locations: China
J Rogers Kniffen WWE CEO: Consumer is fine so far
  + stars: | 2024-05-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJ Rogers Kniffen WWE CEO: Consumer is fine so farJan Kniffen, J Rogers Kniffen WWE CEO, joins CNBC's 'Squawk on the Street' to discuss the state of consumers, retail companies, and more.
Persons: J Rogers Kniffen, Kniffen Organizations: J Rogers Kniffen WWE
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe consumer is hanging in there 'better than we ever would've thought', says Jan KniffenJan Kniffen, J Rogers Kniffen WWE CEO, joins 'Squawk Box' to discuss the strength of the consumer, this year's holiday shopping season forecast, and more.
Persons: Jan Kniffen Jan Kniffen, J Rogers Kniffen Organizations: J Rogers Kniffen WWE
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTJX is the off-price retail leader, but competition is hurting inventory: J Rogers Kniffen CEOJan Kniffen, CEO at J Rogers Kniffen WWE, joins 'The Exchange' to discuss Target's Q2 earnings performance compared to Walmart, TJX hitting an all-time valuation high, and more.
Persons: J Rogers, Jan Kniffen Organizations: WWE, Walmart
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with J Rogers Kniffen WWE CEO Jan KniffenJ Rogers Kniffen WWE CEO Jan Kniffen joins 'Squawk Box' to discuss the retail sector at large, earnings results, state of consumer trends, and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers are more interested now in experiences and travel than buying goods, says Jan KniffenJ Rogers Kniffen WWE CEO Jan Kniffen joins 'Squawk Box' to discuss the retail sector at large, earnings results, state of consumer trends, and more.
"By 2030, younger generations (Generations Y, Z, and Alpha) will become the biggest buyers of luxury by far, representing 80% of global purchases," it said. Luxury sales have so far been largely immune to rising interest rates, a slowing economy and high inflation. Bain estimates that global sales of personal luxury goods sales surged 22% in 2022, to 353 billion euros, or roughly $381 billion. The U.S. regained the top spot for luxury sales in 2022, surpassing China, with 25% sales growth and total sales of 113 billion euros, or about $121 billion. Bain said Web 3.0, including the metaverse and NFTs — a type of digital asset called nonfungible tokens — will help future luxury sales to younger consumers even further.
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