Television
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1 week agoIconic Shopping Giant Files for Chapter 11 Bankruptcy Amid Industry Shift
QVC Group filed for Chapter 11 bankruptcy while planning to continue operations and restructure amid a shift to digital shopping.
Gen X represents just 19% of the U.S. population but accounts for 31% of all retail spending, yet retailers seem to forget the significance of this generation. The powerhouse demographic of 45- to 60-year-olds is approaching peak earning years with $42 trillion in current household wealth and an estimated $1.4 trillion a year in inherited assets projected over the next decade.