Consumer Spending

Regions Bank Struggles With Expenses; Bullish on Consumer
Regions Bank Struggles With Expenses; Bullish on Consumer
April 19, 2024  |  Earnings

Two months after laying off 3% of its workforce, the Birmingham, Alabama-based Regions Bank posted disappointing Q1 earnings Friday (April 19). The southeastern regional’s results...

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60% of New Amex Accounts Are Opened by Gen Z, Millennials
60% of New Amex Accounts Are Opened by Gen Z, Millennials
April 19, 2024  |  Earnings

Younger, affluent consumers are showing notable resilience when it comes to spending on experiences and travel — and using their credit cards to do so....

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Amazon and Walmart Race to Integrate Commerce and Content
Amazon and Walmart Race to Integrate Commerce and Content
April 19, 2024  |  Retail

As shopping and entertainment become increasingly intertwined, Amazon and Walmart are looking for new ways to drive sales via content. On Tuesday (April 16), Amazon Live announced a new...

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Consumer Demand for Deals Fuels Rise of Discount Subscriptions
Consumer Demand for Deals Fuels Rise of Discount Subscriptions
April 18, 2024  |  Subscriptions

With consumers seeking more bang for their buck, retail merchants are rising to the occasion, offering discounts for subscribing, PYMNTS Intelligence finds. By the Numbers...

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Financial Challenges Prompt Car Shoppers to Look to Secondhand Options
Financial Challenges Prompt Car Shoppers to Look to Secondhand Options
April 18, 2024  |  Transportation

Economic challenges or no, consumers still need to get where they are going, and many are now opting for secondhand sellers when buying vehicles, unable...

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Gen Z Shoppers Bring Social Commerce Into Malls
Gen Z Shoppers Bring Social Commerce Into Malls
April 18, 2024  |  Retail

Social media virality is beginning to shape mall stores, as ultra-connected Gen Z shoppers expect their physical lives to more closely resemble their digital ones....

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Nearly 40% of Millennials Rely on Retail Subscriptions for Shopping
Nearly 40% of Millennials Rely on Retail Subscriptions for Shopping
April 18, 2024  |  Retail

Retail subscriptions represent a massive growth opportunity for eCommerce merchants. PYMNTS Intelligence data reveals that more and more consumers are choosing to take advantage of...

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Discover Financial: Inflation Is Pressuring Lower Income Consumers
Discover Financial: Inflation Is Pressuring Lower Income Consumers
April 18, 2024  |  Earnings

The $35 billion deal for Capital One to buy Discover Financial Services remains on track. And in a truncated first-quarter earnings call — where the...

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Nearly Half of US Consumers Earning $100K+ Live Paycheck to Paycheck
Nearly Half of US Consumers Earning $100K+ Live Paycheck to Paycheck
April 18, 2024  |  Consumer Finance

According to PYMNTS Intelligence, 62% of U.S. consumers now live paycheck to paycheck, and that includes 48% of consumers earning more than $100,000 annually. In...

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