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    Home » Consumers are facing this ‘PARADOX,’ Michaels CEO says

    Consumers are facing this ‘PARADOX,’ Michaels CEO says

    September 19, 2026 Business and Money Vids 2 Mins Read
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    FOX Business correspondent Madison Alworth reports from the Goldman Sachs Global Consumer and Retail Conference and speaks with Lizzie Dove of Goldman Sachs Research and David Boone, Michaels CEO, about consumer travel and spending outlooks.

    00:00 – Goldman Sachs Global Consumer and Retail Conference
    01:04 – Lizzie Dove on the US travel boom
    01:42 – Is there a slowdown in hotel stays?
    02:11 – Michaels CEO: Bullish on the holiday season
    02:40 – The resurgence of "no phone" activities
    03:19 – Market analysis: Basket size vs. revenue

    Subscribe to Fox Business: https://bit.ly/2D9Cdse
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    FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television. In 2025 it opened the year posting double-digit advantages across business day, market hours and total day viewers in January. Additionally, the network continued to lead business news programming, with each business day program placing among the top 15 shows, while FBN delivered its highest-rated month since April 2023 with market hours.

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