Consumer Spending

Black Friday Spending Approaches $11 Billion Fueled by eCommerce
Black Friday Spending Approaches $11 Billion Fueled by eCommerce
December 02, 2024  |  News

Black Friday shoppers spent a record $10.8 billion this year, primarily via online purchases. A report Monday (Dec. 2) from NPR — citing data from...

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Black Friday Online Sales Jump 14% Amid Modest In-Store Growth
Black Friday Online Sales Jump 14% Amid Modest In-Store Growth
December 01, 2024  |  Retail

If you shopped on Black Friday this year, chances are you did so from home. Online retail sales this year jumped 14.6% on Friday (Nov....

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Convenience Drives Growing Adoption of Mobile Shopping
Convenience Drives Growing Adoption of Mobile Shopping
November 29, 2024  |  eCommerce

Mobile shopping is reportedly gaining ground during this year’s holiday shopping season. The growth is being driven by the convenience provided by refinements retailers have made...

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Holiday Shoppers Wait for Deals Before Buying
Holiday Shoppers Wait for Deals Before Buying
November 29, 2024  |  Retail

Early results from this year’s holiday shopping season reportedly suggest that consumers are waiting for deals before buying. Shoppers are focused on promotions and are...

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Shoppers Want a Good Deal; More Than Half Still Pay Full Price
Shoppers Want a Good Deal; More Than Half Still Pay Full Price
November 29, 2024  |  Retail

As consumer expectations change and digital technologies advance, the holiday shopping season itself is evolving. It’s going beyond its revenue-maximizing frenzy of deep discounts and...

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October’s Surprise: Inflation Heats Up While GDP Cools Down
October’s Surprise: Inflation Heats Up While GDP Cools Down
November 27, 2024  |  Economy

The Personal Consumption Expenditures Price Index for October showed a re-ignition of inflation. The PCE increased at an annualized 2.3% rate, which is a quickening...

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Latest GDP Data Indicates Continuing Pressures on Disposable Income
Latest GDP Data Indicates Continuing Pressures on Disposable Income
November 27, 2024  |  Economy

The Bureau of Economic Analysis confirmed Wednesday (Nov. 27) that third-quarter GDP grew at a 2.8% rate, unchanged from a previous estimate. However, there are...

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IKEA’s Lead Franchisee’s Profits Fall as It Prioritizes Affordability
IKEA’s Lead Franchisee’s Profits Fall as It Prioritizes Affordability
November 27, 2024  |  Retail

IKEA’s biggest retailer has seen profits plunge after cutting costs to attract wary customers. Ingka Group, which runs stores that account for 90% of the furniture...

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Luxury Brands Shed 50 Million Customers as Prices Climb
Luxury Brands Shed 50 Million Customers as Prices Climb
November 27, 2024  |  Retail

Luxury brands have shed roughly 50 million customers over two years as shoppers seek lower prices. A report Wednesday (Nov. 27) by The Wall Street Journal —...

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