Consumer Spending

Amazon Follows Walmart in Slashing Grocery Prices to Gain Share

Amazon Follows Walmart in Slashing Grocery Prices to Gain Share
Amazon Follows Walmart in Slashing Grocery Prices to Gain Share
May 31, 2024  |  Retail

As Amazon looks to make a dent in Walmart’s share of consumer grocery spending, the eCommerce company is joining the list of retail giants making...

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Costco Mulls Raising Membership Fee, Add Warehouses Amid Rising Sales
Costco Mulls Raising Membership Fee, Add Warehouses Amid Rising Sales
May 30, 2024  |  Retail

Costco is weighing a raise in its membership fee, and plans to add new warehouses and expand partnerships amid rising sales, the retailer said Thursday...

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Dollar General Earnings Show Changes in Paycheck-to-Paycheck Spend
Dollar General Earnings Show Changes in Paycheck-to-Paycheck Spend
May 30, 2024  |  Earnings

As a pulse check on the paycheck-to-paycheck consumer, Dollar General’s most recent Q1 earnings showed that one of the economy’s most closely watched demographic groups...

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Bank of America CEO: Consumers, Businesses Pulling Back on Spending
Bank of America CEO: Consumers, Businesses Pulling Back on Spending
May 30, 2024  |  Economy

Brian Moynihan, CEO of Bank of America, said higher inflation and interest rates have dampened consumer and business spending this year. Get the Full Story...

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Best Buy: Shoppers Are Shifting Their Spending Toward Seasonal Sales
Best Buy: Shoppers Are Shifting Their Spending Toward Seasonal Sales
May 30, 2024  |  Retail

As consumers prove more cautious about their discretionary retail spending, Best Buy is seeing shoppers hold off until sales events to make big purchases. Get...

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Gen Z Members Expect Credit Unions to Double Banking Features
Gen Z Members Expect Credit Unions to Double Banking Features
May 30, 2024  |  Credit Unions

According to PYMNTS Intelligence data, 95% of U.S. credit unions (CUs) are now wooing prospective Gen Z members. Get the Full Story Complete the form...

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Kohl’s Promotes Value to Middle-Income Consumers Buffeted by Inflation
Kohl’s Promotes Value to Middle-Income Consumers Buffeted by Inflation
May 30, 2024  |  Earnings

Kohl’s is looking to boost its sagging sales by promoting value to consumers who have been buffeted by high interest rates and inflation. Get the...

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Burlington: Sales Climb 11% as ‘All Income Groups’ Feel Pressure
Burlington: Sales Climb 11% as ‘All Income Groups’ Feel Pressure
May 30, 2024  |  Earnings

Cost-conscious customers from all income levels are helping drive sales at Burlington Stores. Get the Full Story Complete the form to unlock this article and...

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