Consumer Spending

Exclusive: BNPL, Mobile Banking Embraced by Low-Income Consumers
Exclusive: BNPL, Mobile Banking Embraced by Low-Income Consumers
November 22, 2024  |  Consumer Insights

PYMNTS Intelligence’s long-standing chronicling of the paycheck-to-paycheck economy has revealed shifts in how consumers conduct their daily financial lives and pay. Given that the paycheck-to-paycheck...

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Amazon vs Walmart Holiday Battle May Come Down to Loyalty Programs
Amazon vs Walmart Holiday Battle May Come Down to Loyalty Programs
November 21, 2024  |  Retail

As the holiday shopping season approaches, the competition between retail giants Walmart and Amazon intensifies, shaping the eCommerce landscape. Both companies have established themselves as...

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Holiday Spending Surge: 60M US Shoppers Swayed by Upfront Pay Later Options
Holiday Spending Surge: 60M US Shoppers Swayed by Upfront Pay Later Options
November 21, 2024  |  Shopping

Merchants have a critical opportunity to capture consumer spending by strategically positioning pay later options. But do merchants miss out due to delaying visibility? Yes....

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Target CEO Says Consumer Budgets Are Being ‘Stretched’
Target CEO Says Consumer Budgets Are Being ‘Stretched’
November 20, 2024  |  Earnings

As economic uncertainty and rising costs continue to impact consumers, shoppers are more cautious with their spending, according to Target CEO Brian Cornell. Faced with...

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Credit Crunch Crushes Dreams: Millions Face Loan Rejections, NY Fed Reports
Credit Crunch Crushes Dreams: Millions Face Loan Rejections, NY Fed Reports
November 20, 2024  |  Debt

Credit is getting harder to come by, especially for auto loans, mortgages and those with low credit scores. Amid an environment where lenders are tightening,...

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High-Income Shoppers Load Up Their Grocery Carts at Walmart
High-Income Shoppers Load Up Their Grocery Carts at Walmart
November 19, 2024  |  Walmart

During the latest conference call with analysts, Walmart’s management observed that that, in a quarter where same-store sales were up 5.3% in the United States,...

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eCommerce Growth Outpaces General Retail Sales, Hits 15.6%
eCommerce Growth Outpaces General Retail Sales, Hits 15.6%
November 19, 2024  |  eCommerce

Digital continued to take a larger slice of retail spending in the third quarter of 2024. However, a slowing pace of overall spending may send...

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Lowe’s vs Home Depot: A Tale of Two Strategies for Professional Builders
Lowe’s vs Home Depot: A Tale of Two Strategies for Professional Builders
November 19, 2024  |  Earnings

The everyday American consumer is dealing with an increasingly strained household budget. And, according to home improvement retailer Lowe’s Tuesday (Nov. 19) third-quarter 2024 earnings...

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Restaurant Sector Eager to Say Goodbye to Rough Year
Restaurant Sector Eager to Say Goodbye to Rough Year
November 17, 2024  |  Consumer Insights

The restaurant industry is reportedly eager to move beyond a difficult 2024. “I don’t know about you guys, but I’m ready for ’24 to be...

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