1. Gen Z ‘buying luxury on average at 15 years old,’ Rakuten Rewards President says: “The thing about Gen Z is that they are starting to buy luxury significantly earlier than the generations before them. Gen Z starts buying luxury on average at 15 years old. If you look at Gen X and Gen Y, ages 22-25 was the first time that they sort of entered the luxury market.” – Read More on Yahoo

2. Shaq can’t be served electronically in FTX class-action lawsuit, judge rules: O’Neal is the only defendant in the class-action lawsuit who has not been served, attorneys alleged in a motion requesting permission to serve the “Inside the NBA” analyst electronically. – Read More on CBS

3. Consumer discretionary stays in sector-risk spotlight: On private equity firm TPG Inc.’s latest earnings call, CEO Jon Winkelried described “strong demand” for consumer sector businesses serving affluent consumers but “more of an issue from inflation and a pullback in demand” at the lower end. – Read More on S&P Global

4. Retail Partnerships: Checking on Peloton and Adidas, TikTok and Shopify: During Target’s Q4 earnings call, executives said sales from Ulta Beauty at Target had increased by over four times compared to the previous year. In addition, Target sold more than 170 million Starbucks beverages in 2021 alone. – Read More on PYMNTS

5. RELATED READ: As Brands, Retailers Think Post-Pandemic, Big Names in Beauty Tie-Up With Retail Chains. Looking beyond the potential easing of exclusivity restrictions that may have previously existed between Sephora and JCP, these new tie-ups with mass-market retailers present some additional – and interesting – contract considerations of their own. – Read More on TFL

6. Luxury shares boost Europe’s STOXX 600, French stocks hit new record high: European shares climbed on Thursday on a boost from luxury stocks after LVMH posted upbeat first-quarter sales, while hopes of a pause in the Federal Reserve’s rate hikes after signs of cooling U.S. inflation also aided sentiment. – Read More on Reuters