Consumer Spending

Paytm Revenue Climbs 39% as Mobile Payments Become More Mainstream
Paytm Revenue Climbs 39% as Mobile Payments Become More Mainstream
July 21, 2023  |  Earnings

Paytm recorded 39% year-over-year revenue growth during the quarter ended June 30. The Indian eCommerce and payment system and financial technology company attributed the growth to...

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Grocers Struggle to Compete With Mega-Retailers Amid Inflation
Grocers Struggle to Compete With Mega-Retailers Amid Inflation
July 21, 2023  |  Retail

As food inflation continues indefinitely, grocery shoppers continue to seek savings, abandoning previous favorite brands and retailers in favor of the best deals. Amid these...

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UK Retail Sales Rise 0.7% Amid Good Weather and Sales
UK Retail Sales Rise 0.7% Amid Good Weather and Sales
July 21, 2023  |  Retail

British consumers’ purchases rose by 0.7% in June after increasing just 0.1% in May. Month-over-month retail sales volumes in the United Kingdom increased across all...

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Amex: Card Spending by Gen Z and Millennials Surges 21%
Amex: Card Spending by Gen Z and Millennials Surges 21%
July 21, 2023  |  Earnings

For American Express, the momentum lies with younger consumers. Results posted by the company on Friday (July 21) show that younger generations’ spending surged double...

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Capital One Sees Charge-Off Rates Reaching Pre-Pandemic Levels
Capital One Sees Charge-Off Rates Reaching Pre-Pandemic Levels
July 20, 2023  |  Earnings

Consumers are spending more on their cards — and delinquency rates are creeping up. To that end, Capital One’s company materials show that the allowance for losses...

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Consumers Consider Pet Supply Subscriptions as Essential as Household Items
Consumers Consider Pet Supply Subscriptions as Essential as Household Items
July 20, 2023  |  Subscription Commerce

Even as subscription rates falter overall, the robust offerings of pet supply subscriptions — plus the emotional attachment to beloved pets — have bolstered the...

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Klarna Partners With Money Adviser Network to Offer Debt Advice
Klarna Partners With Money Adviser Network to Offer Debt Advice
July 19, 2023  |  Consumer Finance

Klarna has joined forces with the Money Adviser Network (MAN) to enable its customers in the United Kingdom to get fast, free debt advice. The buy now, pay...

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Where Will Parents Spend This Back-to-School? Amazon, Walmart Push Frugality 
Where Will Parents Spend This Back-to-School? Amazon, Walmart Push Frugality 
July 19, 2023  |  Retail

Anticipated back-to-school (BTS) shopping expenses are expected to reach $41.5 billion, exceeding the previous record of $37.1 billion set in 2021 and the $36.9 billion...

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Why a VIP Membership at Luxury Department Store Harrods Will Cost Shoppers $21,000
Why a VIP Membership at Luxury Department Store Harrods Will Cost Shoppers $21,000
July 19, 2023  |  Retail

While Richmont has essentially declared that China isn’t buying, prestigious London department store Harrods is preparing to unveil an exclusive club in Shanghai. This step not...

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