Consumer Spending

Target CEO Sees ‘Tremendous Resilience’ In Consumers Amid Renewed COVID Concerns

Target CEO Sees ‘Tremendous Resilience’ In Consumers Amid Renewed COVID Concerns
Target CEO Sees ‘Tremendous Resilience’ In Consumers Amid Renewed COVID Concerns
August 18, 2021  |  Retail

Increased traffic at Target’s retail locations in the second quarter drove the company to strong year-over-year sales growth, giving the Minnesota-based retailer confidence that it’s...

READ MORE >
Pandemic Will Linger Into 2022, Say Consumers, Before We’re ‘Back to Normal’
Pandemic Will Linger Into 2022, Say Consumers, Before We’re ‘Back to Normal’
August 18, 2021  |  Coronavirus

“If it be not now, yet it will come — the readiness is all,” wrote the Bard. And when it comes to the pandemic, the seemingly...

READ MORE >
Home Depot Customers Make Few Trips, But Buy Bigger Items
Home Depot Customers Make Few Trips, But Buy Bigger Items
August 17, 2021  |  Retail

The Home Depot said its customer transactions fell roughly 6 percent last quarter, but average spending rose 11 percent when consumers did shop. Get the...

READ MORE >
COVID Concerns Trigger 1.1 Pct Slump In July Retail Sales Amid Swirl Of Conflicting Factors
COVID Concerns Trigger 1.1 Pct Slump In July Retail Sales Amid Swirl Of Conflicting Factors
August 17, 2021  |  Retail

A month of rising COVID-19 case counts coupled with a surge in mask mandates and vaccine requirements took the steam out of a nascent shopping...

READ MORE >
Delta Weakens Spending Spree As Firms Stash More Cash
Delta Weakens Spending Spree As Firms Stash More Cash
August 17, 2021  |  Coronavirus

Businesses are opting to hold on to their money as spending spree hopes wane amid the quick-spreading Delta variant of COVID-19, the Wall Sreet Journal...

READ MORE >
Biden’s Food Stamps Boost Could Be Good News For Amazon And Walmart eGrocery
Biden’s Food Stamps Boost Could Be Good News For Amazon And Walmart eGrocery
August 16, 2021  |  Retail

The Biden administration’s confirmed increase to the Supplemental Nutrition Assistance Program (SNAP) Electronic Benefit Transfer (EBT) could be good news for Walmart, which has already...

READ MORE >
After Brief Mid-Summer Surge, Weak And Stagnant Malls Threatened By Fresh Headwinds
After Brief Mid-Summer Surge, Weak And Stagnant Malls Threatened By Fresh Headwinds
August 16, 2021  |  Retail

As vaccination rates increase, socialization outside the home resumes and consumers work on their back-to-school shopping lists, experts have pointed to the shopping mall as...

READ MORE >
Lending Club: Millennials’ Quest For Financial Freedom Hindered By Bad Debt, BNPL
Lending Club: Millennials’ Quest For Financial Freedom Hindered By Bad Debt, BNPL
August 16, 2021  |  Consumer Finance

With new PYMNTS data showing 60 percent of U.S. millennials currently living paycheck to paycheck, it could be argued that this oft-analyzed demographic is badly...

READ MORE >
US Consumer Sentiment At 10-Year Low
US Consumer Sentiment At 10-Year Low
August 15, 2021  |  Consumer Insights

A leading measure of U.S. consumer sentiment is at a 10-year low, the University of Michigan, which assembles the data, reported in a preliminary release....

READ MORE >