Raphael Stevens

More people are living at American malls as real estate developers knock down department stores and construct apartment buildings in their place.
At least 192 U.S. malls planned to add housing to their footprint as of January 2022, and at least 33 had constructed apartments since the pandemic began. Dozens more apartment projects are currently underway in California, Florida, Arizona and Texas. 
The trend not only helps to chip away the housing shortage in the U.S., but also brings people closer to the remaining retail and restaurant spaces in shopping centers.

Say hello to life at the mall. 
The classic American mall is undergoing a dramatic transformation as real estate developers swap out dying department stores for apartments, ushering in an era where living at the mall could soon become a new norm.

Some U.S. developers are knocking down department stores like Macy’s or JCPenney and using the spaces and their parking lots to put up apartment buildings next to the mall or connected to it via walkways and green spaces. In other cases, they’ve built apartments inside of shuttered storefronts and other shopping center properties or gutted them altogether to make way for a mix of housing, retail, restaurants, outdoor spaces and experiences. 
“The mall is becoming cool again,” said Jacob Knudsen, the vice president of development for Macerich, which is currently redeveloping the FlatIron Crossing Mall in Broomfield, Colorado to add housing. “So being able to live by it, work by it, play by it, go to restaurants by it, we’re definitely seeing this as a trend.” 

Rendering of the redeveloped FlatIron Crossing
Source: Macerich

Rendering of the redeveloped FlatIron Crossing
Source: Macerich

This new version of the American mall comes as shopping centers across the country fight for survival and look to transformation to avoid extinction. It’s clear that consumers still enjoy shopping in person after the Covid pandemic, but the traditional anchor department store has been in decline since 2001 and is no longer the draw it once was.

As companies like Macy’s, JCPenney and Sears shrink or cease to exist altogether, real estate developers have been forced to get creative to repurpose those spaces, which typically take up at least half of a mall’s footprint. 
Amazon distribution centers, pickleball courts and even an NHL training facility have all replaced big-box stores at American malls. But as the country contends with a housing crisis, the fastest growing use of these spaces is apartment complexes, real estate developers said. As of January 2022, at least 192 U.S. malls planned to add housing to their footprint, and at least 33 had constructed apartments since the pandemic began, according to Realogic, a real estate consulting firm. At least a dozen more apartment projects are underway at malls across the country, including in California, Florida, Arizona and Texas. 

“There’s just too much retail in the U.S,” said Oscar Parra, the principal of Pacific Retail Capital Partners’ Special Situations Group. “[It’s] like four times higher than any other nation … I don’t know of a market that needs a million square foot mall.”

A U.S. shopping mall with 1 million square feet could hold more than 17 football fields

Parra, whose firm is building housing at the site of a former Carson’s department store at a mall outside of Chicago, pointed to a similar project underway at Westfield’s Garden State Plaza in Paramus, New Jersey — one of the largest and most lucrative malls in the U.S.
“They have excess land, instead of using it for retail, they’re putting in apartments,” said Parra. “They didn’t see value in adding more retail to one of the most productive malls on the planet and that’s a signal.”
For mall owners, the numbers make sense. While top-tier malls continue to be in high demand, nearly 34 million square feet of U.S. mall space is vacant and off the market. Most Americans live within an hour of a mall with a high vacancy rate or low consumer traffic — or is abandoned altogether.

A vacant escalator in the Shops at Sunset Place mall on April 07, 2021 in Miami, Florida.
Joe Raedle | Getty Images

Add in the nationwide housing deficit of 4.5 million homes and it makes a trend that experts say is poised to continue. For developers, adding apartments can not only fill a need, but also bring people closer to their remaining retail stores and restaurants.
“Malls are an opportunity,” said Knudsen. “This is an opportunity to find land and have a built in customer base to get people into the mall.”
While living at the mall is a unique opportunity, it comes with challenges and hurdles. Construction costs are high, and developers need to navigate a maze of zoning laws and antiquated lease agreements to get projects off the ground because malls aren’t typically zoned for multifamily developments. Plus, the shape of a typical mall and department store almost always requires a complete teardown to bring in housing.
It might seem easy enough to transform an old Macy’s store into a few dozen apartments, but given the shape of the building, it’s difficult to do in a way that gives every apartment access to natural light and air.
“What we’ve learned is it’s better to disconnect it from the mall, not in every case, right? If you’re very dense urban retail, then you might want to integrate [apartments] into the property itself and we’ve seen some examples of that,” said Parra. “But mostly the idea is, tear the box down… scrape it, get rid of it, and then create a little bit of a buffer between the mall and the [apartment building].”

What’s it like to live at the mall? 

Apartments at U.S. malls aren’t everywhere yet. Many of the housing developments are still under construction and will start renting over the next few years, while others are just now opening their doors.
The Lafayette Square Mall in Indianapolis is slated to open 1,200 apartment units, including affordable housing in a former Sears building, beginning in 2025. The Paradise Valley Mall in Phoenix just opened up 400 luxury units on Nov. 15. 
While apartment development has picked up in recent years, housing at the mall has been around for at least a decade. Take The Arcade in Providence, Rhode Island – the oldest indoor shopping mall in the country. The shopping center, which had long been a focal point of Providence’s bustling downtown, fell on hard times after the Great Recession. By the end of the 2000s, it was completely vacant. 

Passers-by walk through the the newly renovated Arcade mall, in Providence, R.I., Monday, Oct. 21, 2013.
Steven Senne | AP

However, rather than letting the historic building fall into ruin, developers came in and built 48 micro units on the second and third floors. Dozens of tenants now live there, and real estate investors have bought other units to rent on Airbnb.
“It’s cool to be part of such a historic building and knowing that every single one of these units used to be a shop of some kind,” said Amy Henion, a 33-year-old graphic designer who moved into The Arcade two years ago. “You have access to amenities that you don’t get if you’re just living in a home in a suburb, like, if I want to get my hair cut, I can walk downstairs and get my hair cut. If I want to pick up lunch, I don’t even have to leave the building, even if the weather outside is awful.”

Amy Henion, a graphic designer, said living at a mall is both unique and convenient 

Scott Sheehan, a 31-year-old tax advisor and real estate investor, purchased an apartment inside the mall for $250,000 in October so he can rent it out on Airbnb. He chose the space because of its proximity to the train station, airport and nearby Brown University, along with major employers like big financial firms.
He estimates he can earn between $25,000 and $45,000 in revenue annually by renting the unit out to tourists. 
“At the end of the day, it’s a unique experience,” said Sheehan. “It’s a great alternative to a hotel room.”

Scott Sheehan purchased an investment property at The Arcade and is renting it out on AirBnB

The Grand Avenue Mall in Milwaukee, Wisconsin went through a similar renovation to add apartments that began in 2017. The once bustling shopping center in Milwaukee’s downtown was half empty by the end of the Great Recession and was later sold to developers, who began converting the space in the late 2010s. Dozens of apartments were opened up for rent in the last few years, and tenants now have access to amenities like a pickleball court, a “doggy wellness center” and a gym.

Shops Of Grand Avenue on September 20, 2014 in Milwaukee, Wisconsin. 
Raymond Boyd | Michael Ochs Archives | Getty Images

“We’re on the fourth floor. It used to be the YMCA. So where our apartment unit is was like the weight room of the YMCA and our hallway that goes around the whole building used to be the track,” said John Borchardt, 40, who moved into the former Grand Avenue Mall three years ago with his wife and dog Rodger. “It still kind of looks like a mall on the second floor.”
On that level, apartments were built inside of former storefronts. The units are unique but they also come with quirks. For example, they all have elaborate foyers with floor-to-ceiling windows, but those front rooms are also on full display to the public, which can create privacy concerns. Plus, some of the units don’t have windows because developers had to work with the storefront’s originally layout, said Borchardt.

Some apartments were built inside of former storefronts, which make for unique foyers that are on full display to the public.
Courtesy: John Borchardt

He said his unit, which does have windows, is in a different part of the complex and doesn’t have the same architectural challenges.
Downstairs, he has access to a TJ Maxx and Foot Locker — the only remaining storefronts from the original mall — which he said is “super convenient” when he wants to take his dog shopping for new toys at the off-price store.
“He’s like a celebrity in the building. Everyone knows our dog. So it’s a very dog friendly space,” he said. “If it’s cold outside, or if it’s snowing or raining, we can walk the dog around, you know, like mall walkers back in the 90s or whatever, we can just walk around like five city blocks without ever going outside. It’s very cool.”

John Borchardt’s dog Rodger enjoys going for walks inside of the former Grand Avenye Mall and visiting TJ Maxx.
Courtesy: John Borchardt

The former Grand Avenue Mall in Milwaukee is now home to dozens of apartments and a few retail shops
Courtesy: John Borchardt

A Kohl’s recently moved in and renovations are underway at different parts of the complex, said Borchardt. Plus, there’s the new food court, which has more than a dozen restaurants and is a draw for tourists, locals and building residents alike. Borchardt said the “very busy” area boasts separate dining areas and a self-serve beer tap with rotating brews.
While the renovated food court is convenient, Bordchardt said easy access is also “a little bit of a problem” because of how easy it is to avoid cooking. 
“We can just order online, pick it up. There’s ice cream down there. So it’s just a little too easy to get takeout,” he said. “But it’s really convenient to have, like, if we were ever snowed in we can survive without ever leaving the building for quite a while.”

The 3rd St. Market Hall is a modern day food court, open to building residents, locals and tourists
Courtesy: John Borchardt

Najla Kayyem, Pacific Retail’s executive vice president of marketing, said the ease of access is kind of the point. 
“It’s really services and amenities based so creating convenience for our residents at every corner, so that they don’t have to leave, and so that they can get all of their daily needs done within that shopping experience,” said Kayyem.
While it could take years to get there, Kayyem said living at the mall could one day be similar to vacationing at a resort, where everything is charged to one account using a centralized system. 
“It’s tough when you have a mix of ownership groups, but ideally, you’re living somewhere and you have an account, and you can shop and dine and eat and buy things on your account,” said Kayyem. “That would be real, true, seamless integration to make it frictionless for someone to live there.”
— Additional reporting by DeLon Thornton and Shawn Baldwin More

Flau’jae Johnson has signed a name, image and likeness deal with women’s basketball league Unrivaled.
While she still can’t play in the league, she will get an equity stake.
Johnson is amongst the top earning women’s college basketball players.

BATON ROUGE, LOUISIANA – NOVEMBER 9: Flau’jae Johnson #4 of the LSU Tigers in action during a game against the Northwestern State Demons at the Pete Maravich Assembly Center on November 9, 2024 in Baton Rouge, Louisiana. (Photo by Kristen Young/LSU/Getty Images)
Reagan Cotton/lsu | University Images | Getty Images

Flau’jae Johnson has a lot going on at the moment.
The 21-year-old star basketball player, rapper, student and aspiring businesswoman has just inked her latest deal with the new women’s 3-on-3 basketball league Unrivaled.

Terms of the deal were not disclosed, but Johnson will receive an equity stake in the league.
“I wanted to be involved in something that is pushing the women’s game forward,” Johnson told CNBC.
Unrivaled, which kicks off its inaugural season in January, looks to offer female athletes another option to play basketball in the U.S. during the WNBA offseason. In addition to giving players equity in the league, Unrivaled aims to offer the highest average salary in women’s pro sports league history. In October, the Unrivaled signed a broadcast deal with TNT Sports.
“When I heard about the money, that was big for me. … These women are getting paid what they deserve,” Johnson said.
NCAA rules prevent Johnson, a junior at Louisiana State University, from committing to play in the league until she turns professional. Unrivaled signed a similar deal with University of Connecticut star Paige Bueckers in August.

In addition to being a league owner, Johnson will collaborate with Unrivaled on content throughout the season, and the league plans to support her music.

Star power

In just two years playing college basketball, Johnson has become marketing gold.
She led LSU to the 2023 national championship and quickly became a top prospect for WNBA teams.

NEW YORK, NEW YORK – MAY 18: JBL ambassador, basketball player and rapper Flau’jae Johnson sets the stage ablaze at JBL FEST to celebrate the launch of the JBL PartyBox series on May 18, 2024 in New York City. (Photo by Ilya S. Savenok/Getty Images for JBL)
Ilya S. Savenok | Getty Images Entertainment | Getty Images

Off the court, she’s not only marketable as an athlete but as a rapper. Johnson signed with Jay-Z’s Roc Nation in 2021 and released a song with Lil Wayne in June.
She also has more than 3.5 million followers across her Instagram, TikTok and Twitter accounts.
Brands have taken notice. Johnson has signed deals with companies from Meta, to Puma, Powerade, the Athlete’s Foot and Amazon.
On Tuesday, she made the Forbes “30 Under 30” list, which estimated her net worth at $7 million.
She’s also ranked No.1 by On3 as having the highest name, image and likeness, or NIL, valuation of college women’s basketball players.
Johnson said her mother currently handles her finances and she doesn’t really splurge on anything, but she spends a lot of money at Chipotle.
“I’m trying to get that Chipotle deal so I don’t spend all my money on bowls,” she joked.
Despite all her sports and extracurriculars, Johnson said she still takes time to learn about business whether it’s by meeting with CEOs, watching YouTube videos or studying, noting she’s reading “Investing 101” by Michele Cagan at the moment.
While the top rookie salary in the WNBA is $76,535, Johnson said she hasn’t decided yet when she’s going to enter the WNBA draft but she isn’t worried about her brand diminishing.
“NIL is big but it’s really just a gateway to the pros,” she said. “The opportunities that I get from college are still going to roll over and it’s not like my followers are going to disappear.”
When asked who she looks up to as a role model, Johnson says she looks to the King: LeBron James.
“He’s the ultimate businessman,” she said.
“The way that he leverages his business opportunities, the way he carries himself, and he’s done so many things [like building a school] to help other people,” she added.
With so many different balls in the air, Johnson said it takes discipline, consistency and time management to fit everything in.
“I don’t like sitting in the house watching Netflix. … I like getting stuff done,” she said. More

Dollar General said it is testing same-day delivery from about 75 of its stores.
On an earnings call, CEO Todd Vasos said the company ultimately expects it will expand the offering to “thousands of stores.”
The discounter has felt pressure as Walmart, Amazon, Temu and others offer convenient digital ways to shop, along with low prices.

The exterior of a Dollar General convenience store on August 30, 2024 in Austin, Texas. 
Brandon Bell | Getty Images

Dollar General is testing same-day delivery to customers’ homes as the deep discounter tries to fend off fiercer competition with Walmart.
On an earnings call Thursday, Dollar General CEO Todd Vasos said the retailer “soft launched” the delivery program in September. Now it offers same-day delivery at about 75 stores, he said. It is offered through a third-party company, which he did not name.

“We’ve always said here, ‘We’re going to do delivery our way when it’s time,'” Vasos said. “We believe it’s time.”
He said the company expects it will ultimately expand the offering to “thousands of stores.”
With same-day delivery, the Tennessee-based dollar store is acknowledging the pressure from other retailers like Walmart, Amazon and Temu that offer convenience along with low prices. Walmart, for instance, has significantly grown its online business, posting 10 quarters in a row of double-digit e-commerce gains in the U.S., as it offers curbside pickup and speedier home deliveries.
Dollar General, on the other hand, typically does not share updates or specific figures about its e-commerce business in quarterly earnings reports because of its heavy reliance on brick-and-mortar sales.
Yet over the past year, Dollar General has felt the pinch from both economic challenges and its own strategy. Consumers, particularly low-income households, have pulled back on discretionary purchases because of the cumulative effect of high inflation. Dollar General also has paid millions of dollars of fines for sloppy stores and blocked fire exits that became both workplace safety hazards and potential turnoffs for its shoppers.

In recent months, Dollar General’s CEO has spoken about losing market share to Walmart. Vasos said at a Goldman Sachs retail conference in September that “the guys in Bentonville [the Arkansas home of Walmart’s headquarters] took a little bit larger piece” of the retailer’s middle-income customer base.
Vasos said the company launched its own program after learning from its DoorDash deliveries, which are available at about 16,000 of its stores.
The new offering, DG Delivery, is available for customers at select stores, according to Dollar General’s website. Customers place orders through Dollar General’s app and can get the same store prices and delivery in as little as an hour. The program also accepts digital coupons and offers cash back rewards.
DG Delivery does not appear to charge a fee or have a minimum order requirement, according to the website.
On Dollar General’s earnings call on Thursday, Vasos said Dollar General is still working on its business model for the online offering, but said it relies on labor from a third party rather than using store employees or company-employed delivery people. He said same-day delivery is an opportunity to grow the retailer’s advertising business, too, since customers would engage with the app more frequently when placing orders.
But the option is still available at only a tiny fraction of Dollar General’s stores. It has more than 20,000 stores across the country, including many in rural parts of the U.S. More

American Airlines and Southwest Airlines forecast better-than-expected revenue in the fourth quarter.
Shares of both airlines rose on the news.
Southwest also said it expects to seal a sale-leaseback deal early in 2025.

A Southwest Airlines plane takes off from Hollywood Burbank Airport in Burbank, California, July 25, 2024.
Mario Tama | Getty Images

Southwest Airlines and American Airlines raised their fourth-quarter forecasts on Thursday, citing strong demand and higher fares, sending shares in the carriers higher.
Southwest said in a securities filing that fourth-quarter unit revenue will likely rise between 5.5% and 7% from last year, up from a previous forecast of an increase of no more than 5.5%. The airline said its network changes aimed at culling unprofitable flights are paying off and that demand into next year appears solid.

“The Company is encouraged by recent revenue trends and forward bookings, including fourth quarter holiday travel, and currently expects strong revenue trends and tactical initiative performance to carry into 2025,” Southwest said.
Southwest also said it would complete its first sale-leaseback of aircraft in the first quarter.

Read more CNBC airline news

American Airlines said in a filing that it expects unit revenue in the last three months of the year to be on par to up as much as 1% over the same period of 2023, compared with an earlier estimate for unit revenue to be down as much as 3% from last year. American also raised its adjusted earnings estimate to 55 cents to 75 cents, up from 25 cents to 50 cents a share.
American also said Thursday that it has picked Citi as its sole credit-card provider, dropping Barclays, in a long-awaited deal.
A day earlier, JetBlue Airways raised its revenue forecast for the quarter and told staff it would further cut unprofitable routes and make tweaks to its summer 2025 Europe schedule later this week. More

MLS Commissioner Don Garber said Apple subscriptions are exceeding expectations.
On Wednesday, MLS extended his contract through 2027.
The MLS Cup kicks off on Saturday between the New York Red Bulls and Los Angeles Galaxy.

Major League Soccer Commissioner Don Garber said the state of soccer in the U.S. is strong and Apple subscriptions are exceeding expectations as the league prepares for the MLS Cup on Saturday.
Appearing on the CNBC Sport videocast with Alex Sherman, Garber, who just signed a new contract with MLS through 2027, said more than 12 million fans attended games this year. And that enthusiasm translated to watching games outside the stadium, too.

“We have more subscribers than we and Apple thought we would have. We have more people watching our games,” Garber said.
Apple has not released any subscriber numbers, leading some to speculate that the numbers might not be very strong.
“At some point there’ll be more transparency,” Garber said.
Yet the soccer commissioner said he’s exceedingly happy with the relationship, noting that Apple gives MLS the platform to make every single game a national game. They’ve also streamlined start times, meaning matches now begin at two different times instead of 60 different times to make it easier for fans to tune in.
“We have the ability to have technology and data and multi-stream experiences, things we wouldn’t have been able to do with linear, perhaps even with other streaming services,” Garber said. “So when you can partner with a company like Apple, you have opportunity to solve issues and lean into a better future.”

Meanwhile, Garber is preparing for the 2024 MLS Cup to kick off in Los Angeles on Saturday. But MLS’ crown jewel Lionel Messi will not be playing.
Instead, the LA Galaxy will try to reclaim their place as MLS’s most successful club, having already won a record five MLS Cups. They will play the New York Red Bulls, who are seeking their first-ever MLS Cup and had a dramatic turnaround after finishing last season 26th out of 29 clubs.
“That shows the commitment to, you know, a competition parity that any team could win on any given time,” Garber said.
Garber acknowledged that Messi’s impact on the game has been unprecedented.
“You could see that pink InterMiami jersey everywhere around the world. It’s the No. 1 jersey that Adidas has,” he said.
But he isn’t worried about life after Messi as he points to the exciting pipeline of younger players.
“I think there’ll be another Messi at some point,” Garber said. “And we’ve constantly evolved from having big name players that could could really make a difference and break through this very, very busy market.” More

Prescription fills for blockbuster weight loss medications in the U.S. more than doubled in 2024, even with limited insurance coverage and high out-of-pocket costs for the treatments.
That’s according to new data from drug savings company GoodRx, which examined fill trends and spending patterns for weight loss drugs such as Novo Nordisk’s Wegovy and Eli Lilly’s Zepbound.
It offers more evidence of the insatiable demand for a buzzy class of medications called GLP-1 and GIP agonists, which have hefty list prices of roughly $1,000 per month before insurance or savings cards. 

A combination image shows an injection pen of Zepbound, Eli Lilly’s weight loss drug, and boxes of Wegovy, made by Novo Nordisk. 

Prescription fills for blockbuster weight loss drugs in the U.S. more than doubled in 2024, even with limited insurance coverage and high out-of-pocket costs for the treatments, according to data released Thursday by drug savings company GoodRx. 
The figures offer more evidence of the insatiable demand for a buzzy class of medications called GLP-1 and GIP agonists, which mimic gut hormones to suppress appetite and regulate blood sugar. That includes Novo Nordisk’s weight loss drug Wegovy and Eli Lilly’s obesity treatment Zepbound, which have hefty list prices of roughly $1,000 per month before insurance or savings cards. 

Prescription fills for Wegovy and Zepbound increased by more than 100% and 300%, respectively, since the start of 2024. Zepbound’s jump reflects its first year on the market, as it was approved in the U.S. in November 2023. Wegovy won U.S. approval in 2021.
“It’s just a pretty astronomical increase in sales, and because of that, a lot of eyes are on them around their affordability and accessibility,” GoodRx director of research Tori Marsh said in an interview. 
The data comes from GoodRx’s new Weight Loss Medications Tracker, which examines fill trends and spending patterns in the U.S. for popular weight loss medications. 
The high fill rates come even as just 9% of people with commercial insurance have unrestricted coverage of Zepbound, and 14% have unrestricted coverage of Wegovy, according to GoodRx. That refers to insurance coverage without any additional hoops for patients to jump through, such as prior authorization or higher BMI requirements.
Far higher rates of patients — around 60% to 70% — are under insurance plans with more restrictive coverage of the drugs. But Marsh said out-of-pocket costs can add up, even if a patient has insurance coverage for a weight loss treatment. 

The average insured person taking Zepbound can expect to pay over $2,500 a year in copays for the drug, she said. GoodRx found that people spent $231 on average out of pocket for a monthly prescription of Zepbound from January 2023 to October this year. 
“Insurance is just not the stopgap that it used to be,” Marsh said. 
Meanwhile, nearly 1 in 5 people with commercial insurance have no coverage of at least one branded GLP-1 and GIP agonist prescribed for weight loss. 
GoodRx found that Americans have overspent by at least $200 million by paying the full retail prices for weight loss medications instead of leveraging savings options, such as GoodRx’s coupons or assistance programs offered by Eli Lilly or Novo Nordisk. GoodRx said it calculated the overpayment number based on the average price people could have paid for a drug with a GoodRx discount. 
GoodRx said people without insurance can save an average of $250 monthly, or $3,000 annually, using its coupons for weight loss drugs. 
GoodRx’s data is consistent with other research indicating spotty insurance for weight loss drugs in the U.S. For example, a survey published in October found that less than a fifth of large employers in the country include coverage of those treatments in their health insurance plans. 
The federal Medicare plan also doesn’t cover weight loss treatments unless they are approved and prescribed for another health condition. Research has shown that covering the drugs could significantly raise costs for employers and state and federal governments.
But the Biden administration in November proposed a rule that would allow Medicare and Medicaid to cover weight loss drugs for patients with obesity. If greenlit by the incoming Trump administration, the rule would significantly expand access to the treatments. More

American Airlines has co-branded credit card deals with Citi and Barclays because of its 2013 merger with US Airways.
Co-branded credit card deals bring in billions for airlines and drive profitability.
The new deal with Citi takes effect in January 2026.

American Airlines planes sit parked at LaGuardia airport on traditionally the busiest travel day, the day before the U.S. holiday of Thanksgiving, in the Queens borough of New York City, U.S., November 27, 2024. 
Shannon Stapleton | Reuters

American Airlines has inked a long-awaited credit card deal with Citigroup, dropping its other partner, Barclays.
The airline said Wednesday that it expects payments it receives from its co-branded credit card and other partners to grow 10% a year. In the 12 months through Sept. 30, American brought in $5.6 billion from these deals.

CNBC reported in September that the airline was in talks to pick Citi as its exclusive credit card partner.
This is breaking news. Check back for updates. More