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 leader of Hamas said that a truce agreement is close and would reportedly include a multi-day ceasefire and the release of at least 50 hostages in exchange for Palestinian women and children detained in Israel.
For years, Geoffrey Holt was known as a mobile home park groundskeeper in a small New Hampshire town. Now, he's being remembered as a millionaire who gave his $3.8 million fortune to the community.
A Navy plane flying in rainy weather overshot a runway Monday at a military base in Hawaii and splashed into Kaneohe Bay, but all nine aboard were uninjured, authorities said.
Senior Hamas officials said Tuesday that an agreement could be reached soon in which the militant group would release hostages and Israel would free Palestinian prisoners.
The United Auto Workers union has overwhelmingly ratified a new contract with Ford and Stellantis, a pact that, along with similar deals with General Motors, will raise pay across the industry.
