Consumer Spending

Walmart Joins Retailers Tailoring Private-Label Offerings to Gen Z
Walmart Joins Retailers Tailoring Private-Label Offerings to Gen Z
June 14, 2024  |  Retail

As Gen Z shows an inclination for shopping from retailers’ own brands, major players are tailoring their private-label offerings to these young consumers’ desires and...

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Target Aims to Reverse Losses With Private-Label Goods, Price Cuts
Target Aims to Reverse Losses With Private-Label Goods, Price Cuts
June 14, 2024  |  Retail

Target reportedly lost market share in several of its key product categories in the first quarter. The retailer’s share shrank in food and household goods, clothing,...

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Consumer Sentiment on Personal Finances Dips Due to Inflation
Consumer Sentiment on Personal Finances Dips Due to Inflation
June 14, 2024  |  Consumer Insights

In 2024, a few key concerns bubble consistently to the top of the list for the paycheck-to-paycheck economy. The PYMNTS Intelligence report “New Reality Check:...

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The One Thing All Parents Have In Common: They Don’t Scrimp on Baby Products
The One Thing All Parents Have In Common: They Don’t Scrimp on Baby Products
June 13, 2024  |  Retail

As consumers look for ways to cut back their retail spending, many are willing to make sacrifices on product quality, but not when it comes...

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Consumers Demand Discounts Even When Buying Diamonds Amid Inflation
Consumers Demand Discounts Even When Buying Diamonds Amid Inflation
June 13, 2024  |  Retail

As consumers continue to be concerned about their financial situations, shoppers are looking for deals and discounts even when making major purchases such as buying...

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Inflation Moderates; But Consumers Pay More on Rent and Dining Out
Inflation Moderates; But Consumers Pay More on Rent and Dining Out
June 12, 2024  |  Economy

The headline number on inflation indicates a slight cooling of the pace of rising prices, at least in May. But the data released Wednesday (June...

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Consumer Spending Shows Signs of Summer Recovery, but Retailers Are Cautious
Consumer Spending Shows Signs of Summer Recovery, but Retailers Are Cautious
June 11, 2024  |  Retail

Consumer spending is beginning to show signs of recovery going into the summer, but major retailers are not getting their hopes up. Findings from the...

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Bank of America Executive Says Consumers Still Spending Pandemic-Era Savings
Bank of America Executive Says Consumers Still Spending Pandemic-Era Savings
June 11, 2024  |  Economy

Consumer spending is still being driven by savings that built up during the pandemic, Bank of America President of Regional Banking Dean Athanasia said Tuesday...

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World Bank: Global Growth Still Lower Than Pre-COVID
World Bank: Global Growth Still Lower Than Pre-COVID
June 11, 2024  |  Economy

A new report from the World Bank has good news and bad news about the global economy. The good news, according to the Global Economics...

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