Consumer Spending

Allbirds Closing Stores as Retailers Feel the Burn of Shopper Cutbacks
Allbirds Closing Stores as Retailers Feel the Burn of Shopper Cutbacks
March 12, 2024  |  Retail

Not long after touting its brick-and-mortar expansion, footwear brand Allbirds is becoming the latest merchant to shutter stores — a move that comes as consumers’...

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Nearly Three-Quarters of Retail Customers Consider Deals When Choosing Merchants
Nearly Three-Quarters of Retail Customers Consider Deals When Choosing Merchants
March 12, 2024  |  Consumer Insights

As ongoing economic challenges have continued to affect consumer behavior, PYMNTS Intelligence finds that deal-seeking behavior has long since become mainstream. By the Numbers PYMNTS...

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Walgreens Teams With Claire’s as Pharmacies Aim to Be Consumers’ One-Stop Shop
Walgreens Teams With Claire’s as Pharmacies Aim to Be Consumers’ One-Stop Shop
March 12, 2024  |  Retail

Walgreens is adding Claire’s products to its stores, a move that comes as pharmacy chains look to grow their relevance in consumers’ day-to-day lives. Claire’s,...

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Price Is Top of Mind When Consumers Shop on eCommerce Marketplaces
Price Is Top of Mind When Consumers Shop on eCommerce Marketplaces
March 11, 2024  |  eCommerce

When online shoppers decide to make purchases from eCommerce marketplaces rather than directly from brands or retailers, PYMNTS Intelligence research reveals, affordability is their top...

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Consumers’ Near-Term Inflation Concerns Remain Steady
Consumers’ Near-Term Inflation Concerns Remain Steady
March 11, 2024  |  Economy

Consumers have a stable short-term inflation outlook but a cautious view for the medium to long term. While near-term inflation expectations are steady at 3.0%,...

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Fed’s Credit Data Signals Caution for Merchants
Fed’s Credit Data Signals Caution for Merchants
March 08, 2024  |  Economy

For merchants, reliant upon consumer spending — and credit as a way to enable that spending — the warning signals are flashing. The Fed’s latest...

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Consumers’ Total Outstanding Credit Leapt $19.5 Billion in January
Consumers’ Total Outstanding Credit Leapt $19.5 Billion in January
March 07, 2024  |  Consumer Finance

Consumers’ total outstanding credit leapt by $19.5 billion in January. Revolving credit accounted for $8.4 billion of the increase, while nonrevolving credit made up the...

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Kroger Woos Click-and-Mortar™ Shoppers Amid Digital Transformation
Kroger Woos Click-and-Mortar™ Shoppers Amid Digital Transformation
March 07, 2024  |  Earnings

As Kroger grows its digital engagement, the grocery giant is setting its sights on omnichannel shoppers to boost spending. On a call with analysts Thursday...

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Big Lots Aims to Make Bargains Account for 75% of Sales
Big Lots Aims to Make Bargains Account for 75% of Sales
March 07, 2024  |  Earnings

Big Lots will continue its “extreme bargains” campaign into 2024 as it looks to improve sales. The discount retailer on Thursday (March 7) released earnings that...

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