Consumer Spending

ThredUp CEO: It Will Be a While Before Shoppers Splurge Again
ThredUp CEO: It Will Be a While Before Shoppers Splurge Again
August 05, 2024  |  Earnings

Amid revenue declines, ThredUp is not anticipating the financial pressure that consumers are feeling let up any time soon. The online consignment and thrift store...

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53% of Grocery Shoppers Are More Loyal to Merchants Than Products
53% of Grocery Shoppers Are More Loyal to Merchants Than Products
August 05, 2024  |  Consumer Insights

As consumers weigh a wide range of factors when deciding where to make purchases, PYMNTS Intelligence finds that grocery shoppers tend to be motivated by...

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Budget-Strapped Shoppers Splurge on Small-Ticket Items, Scrimp on Major Purchases
Budget-Strapped Shoppers Splurge on Small-Ticket Items, Scrimp on Major Purchases
August 05, 2024  |  Retail

This week in paycheck-to-paycheck shopping news, retail brands are sharing that consumers are becoming less cautious in their spending on small purchases such as groceries,...

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Major Retailers Under Scrutiny After Amazon Forecasts Weak Sales
Major Retailers Under Scrutiny After Amazon Forecasts Weak Sales
August 02, 2024  |  Retail

Analysts are reportedly awaiting earnings reports from major retailers with interest after Amazon’s latest results “sent a chill” through the sector. Amazon reported its results...

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The ‘Cautious Consumer’ Emerges as Sentiment and Savings Take a Hit
The ‘Cautious Consumer’ Emerges as Sentiment and Savings Take a Hit
August 02, 2024  |  Consumer Insights

It’s commonplace to refer to the U.S. consumer as the engine that drives the country’s economy. The observation is grounded in truth, given the fact...

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DoorDash Sees Digital Orders Surge Despite Industry Headwinds
DoorDash Sees Digital Orders Surge Despite Industry Headwinds
August 02, 2024  |  Earnings

As consumers look to cut costs amid ongoing financial pressures, DoorDash is seeing that digital ordering is largely protected from the traffic declines experienced across...

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EBay Uses Pay by Bank to Reach New Gen Z Consumers
EBay Uses Pay by Bank to Reach New Gen Z Consumers
August 01, 2024  |  Earnings

As eBay looks to reach Generation Z and millennials, the online marketplace is turning to pay by bank to meet younger customers’ eCommerce expectations. On...

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Wayfair: Home Furnishings Sales Slow to 2008 Crisis Levels
Wayfair: Home Furnishings Sales Slow to 2008 Crisis Levels
August 01, 2024  |  Earnings

Wayfair saw its quarterly sales dip amid continued pressure on home goods consumers. “Customers remain cautious in their spending on the home, and our credit card...

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McDonald’s Sees ‘Trade Down’ as Paycheck-to-Paycheck Pressures Rise
McDonald’s Sees ‘Trade Down’ as Paycheck-to-Paycheck Pressures Rise
July 29, 2024  |  Earnings

McDonald’s sales fell for the first time since 2020 as lower-income consumers stayed home. The fast food giant released quarterly earnings Monday (July 29) showing a 1% dip...

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