Consumer Spending

JCPenney Takes AI Into the Store to Appeal to Cost-Conscious Shoppers
JCPenney Takes AI Into the Store to Appeal to Cost-Conscious Shoppers
January 29, 2024  |  Retail

At they navigate a market heavily influenced by inflation, retailers must use a range of tools to respond to the needs of value-driven consumers.  In...

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Study: Earned Wage Access Overuse Can Hurt Consumers
Study: Earned Wage Access Overuse Can Hurt Consumers
January 28, 2024  |  Payroll

Is earned wage access (EWA) a useful tool for cash-strapped consumers? Or just payday lending going by another name? A report Sunday (Jan. 28) by...

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Venus et Fleur Pitches Flowers as Valentine’s Day Investments 
Venus et Fleur Pitches Flowers as Valentine’s Day Investments 
January 27, 2024  |  Retail

Valentine’s Day has long been associated with the exchange of thoughtful gifts, and few tokens of affection are as iconic as a bouquet of flowers....

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Headline Inflation Cools, But Food Prices Still Climbed in December
Headline Inflation Cools, But Food Prices Still Climbed in December
January 26, 2024  |  Economy

Taken as a whole, the Commerce Department’s latest reading on inflation shows a dip below a key psychological level.  The Personal Consumption Index, as released Friday...

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Amex: Millennial and Gen Z Spending Surges 15%, Delinquencies Up Slightly
Amex: Millennial and Gen Z Spending Surges 15%, Delinquencies Up Slightly
January 26, 2024  |  Earnings

The enthusiasm to tap into credit lines and to spend on experiences continues unabated — and has been illuminated in stark relief by the latest...

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Card-Linked Offers Are Still Unfamiliar to 37% of Cardholders
Card-Linked Offers Are Still Unfamiliar to 37% of Cardholders
January 26, 2024  |  Retail

Card-linked marketing uses past purchase data to create targeted, relevant offers to potential customers that are often presented through mobile or online banking applications. By...

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Visa Direct Transactions Grow 20%, New Flows a $200T Opportunity 
Visa Direct Transactions Grow 20%, New Flows a $200T Opportunity 
January 25, 2024  |  VISA

Visa’s fiscal first quarter results pointed to continued growth in consumer spending — particularly on travel — though growth rates are slowing. Management, however, noted...

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Capital One Sees Positives in Consumer Segments Despite Charge-Off Challenges
Capital One Sees Positives in Consumer Segments Despite Charge-Off Challenges
January 25, 2024  |  Earnings

Card delinquencies and charge-offs offer evidence of consumers struggling to meet their financial obligations. And credit card balances and delinquencies have been rising as consumer...

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GDP Increased 3.1% in 2023 as Consumers Kept Spending
GDP Increased 3.1% in 2023 as Consumers Kept Spending
January 25, 2024  |  Economy

America’s economy grew 3.1% in 2023 amid continued consumer spending on vehicles and electronics. That’s according to figures released Thursday (Jan. 25) by the Commerce Department,...

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