Consumer Spending

This Week in Payments: Inflation Drives Shift in Customer Mix for Restaurants as Consumers Trade Down

This Week in Payments: Inflation Drives Shift in Customer Mix for Restaurants as Consumers Trade Down
This Week in Payments: Inflation Drives Shift in Customer Mix for Restaurants as Consumers Trade...
July 01, 2022  |  Payments Innovation

Efforts to save money were prominent in the news this week, with reports that consumers are trading down from restaurants to groceries and news that...

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Today in FinTech: GetVantage Raises $36M; Apple Allows Third-Party Payments in S Korea
Today in FinTech: GetVantage Raises $36M; Apple Allows Third-Party Payments in S Korea
June 30, 2022  |  Technology

In today’s FinTech news, GetVantage secures $36 million to grow its footprint in Southeast Asia, while Apple has to take a reduced commission in South...

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Commerce Dept: People Are Spending More on Gas, Less on Cars
Commerce Dept: People Are Spending More on Gas, Less on Cars
June 30, 2022  |  Consumer Insights

Overall consumer spending fell in May, driven largely by spikes in fuel and housing costs, the U.S. Commerce Department said Thursday (June 30). Get the...

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Today in Data: Declining Consumer Confidence
Today in Data: Declining Consumer Confidence
June 30, 2022  |  Today In Data

Today in data, continued inflation and fears of a recession have contributed to a drop in the Consumer Confidence Index. Get the Full Story Complete...

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RH Says High Mortgage Rates Killing Demand for Luxury Homes, Furniture
RH Says High Mortgage Rates Killing Demand for Luxury Homes, Furniture
June 30, 2022  |  Retail

Hopes for a near-term turnaround in the battered home furnishing category were dashed Wednesday evening (June 29), after high-end retailer RH told investors it expects...

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Today in Data: The Rise of Digital Consumers
Today in Data: The Rise of Digital Consumers
June 29, 2022  |  Today In Data

Today in data, research shows the number of consumers making online food and retail purchases is growing each month. Get the Full Story Complete the...

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58% of Consumers Increased Online Grocery Shopping in Past Year
58% of Consumers Increased Online Grocery Shopping in Past Year
June 28, 2022  |  Commerce Connected

Nearly half of consumers shop for retail products online and nearly one-third shop for groceries online, according to “Satisfaction in the Age of eCommerce,” a...

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BNPL Offers Luxury Sales Lifeline as Economic Storm Gathers
BNPL Offers Luxury Sales Lifeline as Economic Storm Gathers
June 28, 2022  |  BNPL

When the recession hits — and a recession is looking more and more like a matter of when, not if — spending on luxury retail...

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