consumer insight

Apparel Producers Prep for Shrinking Sales as Consumers Cut Back
Apparel Producers Prep for Shrinking Sales as Consumers Cut Back
June 19, 2023  |  Retail

Clothing brands are reportedly cutting back on orders in anticipation of weakening sales. As Bloomberg News reported Friday (June 16), factory owners say they’ve seen...

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Online Grocery Customers Spend 32% More Per Purchase Than In-Store
Online Grocery Customers Spend 32% More Per Purchase Than In-Store
June 07, 2023  |  Retail

Online grocery may only account for a small fraction of total grocery purchases, but those who have adopted digital channels represent grocers’ biggest spenders. By...

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Debt Ceiling Battle Triggers Slide in Consumer Sentiment 
Debt Ceiling Battle Triggers Slide in Consumer Sentiment 
May 28, 2023  |  Consumer Insights

The debt ceiling deal didn’t happen soon enough to prevent a decline in consumer confidence. While President Joe Biden announced Sunday (May 28) an agreement on...

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High-End Retailers May Be Pinched as High Earners Grapple With Card Debt
High-End Retailers May Be Pinched as High Earners Grapple With Card Debt
May 24, 2023  |  Consumer Insights

The latest data from PYMNTS on paycheck-to-paycheck living shows that high earners feel the pinch of credit card debt and wages that aren’t keeping up...

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Consumers Prioritize Mobile Phone Bills Over Credit Cards When Financial Pressures Mount 
Consumers Prioritize Mobile Phone Bills Over Credit Cards When Financial Pressures Mount 
May 22, 2023  |  Consumer Insights

For those with issues making ends meet, deciding what gets paid can have long-term consequences. Inflation’s gradual ebb could signal the start of a potential reprieve...

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Retail Spending’s Headline Rebound Masks Pullback on Discretionary Items
Retail Spending’s Headline Rebound Masks Pullback on Discretionary Items
May 16, 2023  |  Consumer Insights

The retail data released Tuesday (May 16) by the Commerce Department shows a reversal in consumer spending after two months of declines. But one headline...

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Consumer Sentiment Predicts Prolonged Economic Turbulence
Consumer Sentiment Predicts Prolonged Economic Turbulence
April 30, 2023  |  Consumer Insights

Government data confirms what consumers already know: Market and Main Street stabilization may be further off than previously thought. The Bureau of Economic Analysis (BEA)...

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Fed’s Beige Book Points Toward Consumer Spending Slowdown
Fed’s Beige Book Points Toward Consumer Spending Slowdown
April 19, 2023  |  Consumer Insights

Connect the data dots and a story emerges — where the Fed’s Beige Book hints at what to come. And what’s to come looks to...

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One-Third of Consumers Don’t Plan to Cut Luxury Retail Spend
One-Third of Consumers Don’t Plan to Cut Luxury Retail Spend
April 17, 2023  |  Consumer Insights

This next installment of PYMNTS’ miniseries based around consumer spending patterns focuses on the luxury retail sector. One would think that as consumers pull back...

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