Consumer Spending

Walmart and Amazon Compete for Deal-Seeking Electronics Customers
Walmart and Amazon Compete for Deal-Seeking Electronics Customers
March 22, 2024  |  Retail

Walmart is looking to MacBooks to drive up its share of consumer electronics spending as Amazon continues to widen its lead in the category. The...

READ MORE >
Budget-Strapped Consumers Less Likely to Splurge on Fancy Yoga Pants
Budget-Strapped Consumers Less Likely to Splurge on Fancy Yoga Pants
March 21, 2024  |  Retail

As consumers continue to feel the economic pressures, Lululemon is seeing shoppers spend more cautiously. The athletic apparel retailer saw challenges in the United States,...

READ MORE >
Walmart Courts Affluence as Wealthier Shoppers Trade Down
Walmart Courts Affluence as Wealthier Shoppers Trade Down
March 21, 2024  |  Retail

Walmart is reportedly making a renewed effort to entice wealthier shoppers. As Bloomberg News reported Thursday, the retail giant is renovating or building more than 800 locations across...

READ MORE >
Gen Z Proves Hardest for BNPL Providers to Please
Gen Z Proves Hardest for BNPL Providers to Please
March 21, 2024  |  BNPL

While the vast majority of consumers are highly satisfied with their buy now, pay later (BNPL) experiences, PYMNTS Intelligence research finds that many Gen Z...

READ MORE >
Darden’s Sales Climb Even as Lower-Income Diners Stay Home
Darden’s Sales Climb Even as Lower-Income Diners Stay Home
March 21, 2024  |  Earnings

Olive Garden owner Darden has seen a drop in lower-income diners patronizing its restaurants. The company, which also owns Longhorn Steakhouse, on Thursday (March 21) reported earnings that showed...

READ MORE >
Visa: Behind-the-Scenes Collaboration Needed to Create eCommerce ‘Magic’ for Small Businesses
Visa: Behind-the-Scenes Collaboration Needed to Create eCommerce ‘Magic’ for Small Businesses
March 21, 2024  |  SMBs

On the face of it, eCommerce has all the hallmarks of magic, especially for small to medium-sized businesses. Imagine: You’re out to lunch with a...

READ MORE >
97 Million Cardholders Used Card-Linked Offers in Year-End Shopping Spree
97 Million Cardholders Used Card-Linked Offers in Year-End Shopping Spree
March 21, 2024  |  Retail

Because many consumers may still be smarting from last month’s 3.2% bump in inflation, they appear to be reluctant to shop for retail items. What can merchants do...

READ MORE >
NRF Expects ‘Moderate but Steady’ Retail Sales Growth in 2024
NRF Expects ‘Moderate but Steady’ Retail Sales Growth in 2024
March 20, 2024  |  Retail

The National Retail Federation (NRF) expects retail sales to grow between 2.5% and 3.5% in 2024. That forecast is in line with the 2023 annual sales growth...

READ MORE >
Merchants Leverage Split-Pay Plans to Drive Spending With High-Income Shoppers
Merchants Leverage Split-Pay Plans to Drive Spending With High-Income Shoppers
March 20, 2024  |  Consumer Insights

As brands and retailers look for ways to win the spending of their highest-value customers, PYMNTS Intelligence research found that installment plans linked to bank-issued...

READ MORE >