Consumer Spending

Memorial Day Kicks Off Summer of the US Consumer
Memorial Day Kicks Off Summer of the US Consumer
May 27, 2024  |  Economy

In 1967, it was the Summer of Love. In 2020, it was the summer of COVID-19. When summer 2024 goes in the books — from...

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Discount Chains Go Under as Consumers Keep Cutting Back
Discount Chains Go Under as Consumers Keep Cutting Back
May 26, 2024  |  Retail

What happens when consumers grow too cash-strapped for discount stores? In some cases, the stores go under.  As Bloomberg News reported Sunday (May 26), the economic...

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Shoppers Dig Into Their Savings to Afford Essentials, Not Nice-to-Haves
Shoppers Dig Into Their Savings to Afford Essentials, Not Nice-to-Haves
May 24, 2024  |  Retail

Among consumers who expect to have to dip into their savings this year, most expect to do so to afford items and services they need, rather than to treat...

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Bargain-Hunting Shoppers Drive Price Wars Among Retailers
Bargain-Hunting Shoppers Drive Price Wars Among Retailers
May 22, 2024  |  Retail

The retail industry is reportedly witnessing a fierce battle among major players as they compete for the attention of bargain-hunting shoppers. For example, Target’s recently announced price...

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Transaction and Consumer-Level Data Help Personalize Card-Linked Rewards Programs
Transaction and Consumer-Level Data Help Personalize Card-Linked Rewards Programs
May 22, 2024  |  Data

Recent announcements from some marquee names in financial services, and commercial partnerships, underscore the use of data, down to the consumer level, in crafting ever-more-relevant...

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TJX: Bargain Shoppers Want ‘Excitement’ From Their Retail Experiences
TJX: Bargain Shoppers Want ‘Excitement’ From Their Retail Experiences
May 22, 2024  |  Earnings

As consumers continue to spend cautiously, TJX is seeing bargain shoppers seek the surprise and delight of its stores’ luck-of-the-draw format, bringing joy in a financially stressful time....

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Target: Consumers’ Splurges on Experiences Cut Into Discretionary Retail Budgets
Target: Consumers’ Splurges on Experiences Cut Into Discretionary Retail Budgets
May 22, 2024  |  Earnings

As consumers look to balance their desire to treat themselves with ongoing economic concerns, Target is seeing shoppers’ shift to discretionary spending on experiences negatively impact their budgets for nonessential...

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Will Walmart and Target Price Cuts Inspire Other Retailers?
Will Walmart and Target Price Cuts Inspire Other Retailers?
May 22, 2024  |  Retail

The past few days have seen two of America’s biggest retailers announce major price cuts. When Target this week said it was cutting prices on thousands of products,...

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Gen X Shoppers Cut Back on Groceries the Most Amid Inflation
Gen X Shoppers Cut Back on Groceries the Most Amid Inflation
May 21, 2024  |  Consumer Insights

As consumers rethink their spending on groceries amid inflation, PYMNTS Intelligence research reveals, Gen X shoppers are quicker to make changes to everything from what products they...

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