Consumer Spending

Retail Sales Turn Negative, Reflect Broad-Based Consumer Caution

Retail Sales Turn Negative, Reflect Broad-Based Consumer Caution
Retail Sales Turn Negative, Reflect Broad-Based Consumer Caution
June 15, 2022  |  Retail

U.S. retail sales unexpectedly fell 0.3% in May from a downwardly revised 0.7% pace in April, extending a four-month slowdown and delivering the strongest proof...

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Inflation Forces Change or Churn Dilemma for Subscription Companies
Inflation Forces Change or Churn Dilemma for Subscription Companies
June 15, 2022  |  Subscriptions

With PYMNTS research finding that estimated total monthly expenditure on subscriptions fell by 46% in March versus six months prior, we can now invoke “the...

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Today in Retail: Amazon Plans Drone Fleet Launch; Mastercard SpendingPulse Predicts Back-to-School Retail Bounce
Today in Retail: Amazon Plans Drone Fleet Launch; Mastercard SpendingPulse Predicts Back-to-School Retail Bounce
June 14, 2022  |  Retail

Today in retail, automation could reshape the consumer packaged goods (CPG) payment space, while retailers are restructuring their delivery models as markdowns loom. Plus, Lacoste...

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The Data Point: 44% of Consumers Say They Would Switch Merchants Over Card Surcharges
The Data Point: 44% of Consumers Say They Would Switch Merchants Over Card Surcharges
June 14, 2022  |  Credit Cards

Credit card surcharges are permissible in most states and are useful to merchants for what those fees cover, but many consumers dislike these charges even...

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Today in Data: Consumer Sentiment Hits Record Low
Today in Data: Consumer Sentiment Hits Record Low
June 14, 2022  |  Today In Data

Today in data, inflation and high gas prices bring the University of Michigan Survey of Consumers’ consumer sentiment to its lowest point on record. Get...

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BoA CFO: Consumers Are Spending ‘Robustly,’ Credit in ‘Great Shape’
BoA CFO: Consumers Are Spending ‘Robustly,’ Credit in ‘Great Shape’
June 13, 2022  |  Economy

Bank of America Chief Financial Officer Alastair Borthwick said customers continue to borrow money and to spend, Bloomberg reported, citing his remarks at a Morgan...

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Today in Retail: Pinterest Buys The Yes to Add AI Capabilities; Walmart Invites UK Retailers to Sell on Its Online Platform
Today in Retail: Pinterest Buys The Yes to Add AI Capabilities; Walmart Invites UK Retailers...
June 13, 2022  |  Retail

Today in retail, Walmart is opening more than 30 new SuperCenters while consumers are buying lower-priced groceries as inflation rises. Plus, U.K. retail sales fell...

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PYMNTS Data: Consumers Switch to Lower-Priced Grocery Brands, Merchants
PYMNTS Data: Consumers Switch to Lower-Priced Grocery Brands, Merchants
June 13, 2022  |  Economy

As grocery prices continue to soar, consumers are adjusting their behaviors. Rather than remaining loyal to their favorite food and beverage brands as they become...

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