Consumer Spending

Consumers Feeling Better About Inflation — Will They Feel Comfortable Spending?
Consumers Feeling Better About Inflation — Will They Feel Comfortable Spending?
January 19, 2024  |  Economy

Headed into the new year, consumers are confident about the economy, and about overall trends in inflation. As reported by the University of Michigan’s survey of...

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Deliveroo CEO Expects Wage Growth to Outpace Food Inflation, Drive Demand
Deliveroo CEO Expects Wage Growth to Outpace Food Inflation, Drive Demand
January 19, 2024  |  Earnings

As restaurant delivery services around the world have seen demand impacted for years by ongoing food inflation and other financial challenges, Deliveroo expects that wage...

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Richemont’s Sales Soar on Strong Demand in China and Japan
Richemont’s Sales Soar on Strong Demand in China and Japan
January 19, 2024  |  Retail

Inflation-pressured consumers tend to cut back on their luxury purchases.  At least, that’s what PYMNTS Intelligence data has found. However, the demand for Richemont’s jewelry...

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Most Gen X Cardholders Revolve Their Balances, Leading All Generations
Most Gen X Cardholders Revolve Their Balances, Leading All Generations
January 19, 2024  |  Consumer Finance

In times of financial hardship, revolving a credit card balance to future months rather than paying it off entirely is a strategy consumers commonly adopt....

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50% of Acquirers Prefer Merchants to Offer Installment Payment Options During Checkout
50% of Acquirers Prefer Merchants to Offer Installment Payment Options During Checkout
January 18, 2024  |  Payment Methods

The use of split-pay plans is already widespread, and the last holiday shopping season was no exception, with consumers relying on different installment plans. The...

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PYMNTS Data: Inflation-Adjusted Retail Sales Offer Hope for Merchants Beyond the Holiday Surge
PYMNTS Data: Inflation-Adjusted Retail Sales Offer Hope for Merchants Beyond the Holiday Surge
January 18, 2024  |  Economy

Inflation’s been the main concern for merchants and consumers through the past few years. But as PYMNTS Intelligence data shows, inflation’s impact on retail, in...

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Tipping Costs Drive Nearly 30% of Consumers to Reduce Hotel Spending
Tipping Costs Drive Nearly 30% of Consumers to Reduce Hotel Spending
January 18, 2024  |  Consumer Insights

Rising prices are affecting American households, leading to reduced consumer spending. Despite a slight decrease in inflation, Consumer Price Index data showed that consumer sentiment...

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What Brands and Retailers Need to Know About the Gen Z Consumer
What Brands and Retailers Need to Know About the Gen Z Consumer
January 16, 2024  |  Consumer Insights

Gen Z – don’t forget about them.   While artificial intelligence (AI) is a mega-hot topic and tool these days and brands and retailers are pinning...

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Hugo Boss’ Digital Sales Up by 26% in Q4 as It Targets Gen Z and Millennials
Hugo Boss’ Digital Sales Up by 26% in Q4 as It Targets Gen Z and...
January 16, 2024  |  Retail

Is it a case of normalization, inflation, or simply a need for brands and retailers to put in extra effort to connect with consumers, particularly...

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