Old List = Old Retail.
New List = Food + Hobby brands.
Think about what the "new list" means.
If you stay clear of COVID, there are contrasts in individual happiness.
Some people are happy & content ... satiated by hobbies & food interests.
Some people are restless, life having been taken from them.
Turns out that "maybe" hobbies are far more important than we originally thought ... and COVID is exposing the importance of hobbies in daily life.
My goodness ... have sales surged.
There is a clear COVID bump.
New customers are thriving, spending 1.5x - 2.0x what new customers used to spend.
If you love MSNBC and what they pedal or you love Fox News and what they pedal, you have a hobby ... and you share your hobby with others with similar (or completely opposite) viewpoints.
Do you think that hobbies will be even more important?
Absolutely!