Consumer Spending

New Q1 Data Finds Older Demographics Driving Surge in Travel Spend
New Q1 Data Finds Older Demographics Driving Surge in Travel Spend
May 10, 2024  |  Travel Payments

They’re probably not going to Paris to see Taylor Swift. But spending among older, high-income consumers has led a Q1 travel surge that cuts across income...

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U. Michigan Survey Shows Inflation and Unemployment Weighing on Consumer Sentiment
U. Michigan Survey Shows Inflation and Unemployment Weighing on Consumer Sentiment
May 10, 2024  |  Consumer Insights

Consumers are souring about the near-term outlook — on inflation, job prospects and interest rates. Where there’s worry, there’s possibly some saving for a rainy...

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Walmart Teams With Disney in Race Against Amazon for Streamers’ Spending
Walmart Teams With Disney in Race Against Amazon for Streamers’ Spending
May 10, 2024  |  Retail

As retail behemoths Amazon and Walmart compete for consumers’ spending, both are turning to video streaming ads to open up new sales opportunities and drive...

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Groupon: American Consumers Are Spending More on Experiences, Less on Products
Groupon: American Consumers Are Spending More on Experiences, Less on Products
May 09, 2024  |  Earnings

As consumers step up their spending on travel and on local experiences, Groupon noted, they are pulling back on buying products.  The eCommerce marketplace shared...

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Financially Struggling Consumers Twice as Likely to Hit Credit Card Limit
Financially Struggling Consumers Twice as Likely to Hit Credit Card Limit
May 09, 2024  |  Credit Cards

Many consumers hit their credit card limit at least sometimes, and for consumers struggling to get by financially, that percentage skyrockets. By the Numbers The December installment...

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Allbirds: Consumers Will Pay Full Price for ‘Fresh’ Enough Products
Allbirds: Consumers Will Pay Full Price for ‘Fresh’ Enough Products
May 09, 2024  |  Earnings

Economic challenges have consumers pulling back on full-priced purchases, but Allbirds maintains that, if products are novel and relevant enough, shoppers will spring for non-discounted...

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Versatile Credit CEO Sees Steady Appetite for Consumer Financing
Versatile Credit CEO Sees Steady Appetite for Consumer Financing
May 09, 2024  |  Loans

Banks and corporates by and large showed cautious optimism regarding consumer spending during the first-quarter earnings season. Now, the operative question surrounds the use of...

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Earnings Season Shows Consumers Using BNPL More for Clothes, Travel
Earnings Season Shows Consumers Using BNPL More for Clothes, Travel
May 08, 2024  |  BNPL

Earnings season’s not over yet — and the picture on consumer spending is mixed thus far. The payment networks and banks have noted that though...

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Instacart: Grocery Shoppers Ditch Merchants That Don’t Offer Smart Carts
Instacart: Grocery Shoppers Ditch Merchants That Don’t Offer Smart Carts
May 08, 2024  |  Earnings

Instacart is seeing in-store technologies impact grocery shoppers’ spending and loyalty. The aggregator’s CEO, Fidji Simo, noted in a letter shared with investors Wednesday (May 8) discussing its first-quarter...

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