Consumer Spending

Sometimes a Retail Trend Just Isn’t Enough to Boost Sales 
Sometimes a Retail Trend Just Isn’t Enough to Boost Sales 
December 11, 2023  |  Retail

If you read the Y2K piece on PYMNTS late last month, you’d be aware that millennials are facing unique challenges in meeting their financial needs. ...

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AAA: Record 7.5 Million Travelers Will Fly for the Holidays
AAA: Record 7.5 Million Travelers Will Fly for the Holidays
December 11, 2023  |  Travel Payments

A record number of Americans will fly this holiday season, despite rising travel costs. Roughly 7.5 million people will choose air travel to reach their...

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Is White Elephant Gift-Giving Still a Holiday Hit? 
Is White Elephant Gift-Giving Still a Holiday Hit? 
December 09, 2023  |  Retail

Even in the face of inflation, consumers are proving that they won’t “checkout” easily when it comes to tradition. Last week, PYMNTS delved into whether...

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28% of Loyal Subscribers Would Cancel Due to Excessive Promotional Materials
28% of Loyal Subscribers Would Cancel Due to Excessive Promotional Materials
December 08, 2023  |  Subscriptions

With the subscription market becoming increasingly crowded, merchants need to be aware of the factors that may lead to the cancellation of loyal subscribers. PYMNTS...

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Consumer Sentiment Soars With Expectation of Lower Inflation
Consumer Sentiment Soars With Expectation of Lower Inflation
December 08, 2023  |  Economy

Consumer sentiment soared in December, reaching a point 13% higher than the previous month and 16% above the year-ago level. This marked a turnaround in...

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Nearly 2 in 5 Consumers Are Tipping Less Due to Dwindling Personal Finances
Nearly 2 in 5 Consumers Are Tipping Less Due to Dwindling Personal Finances
December 08, 2023  |  Consumer Finance

A recent report by PYMNTS Intelligence has shed light on a growing trend among consumers — they are tipping less this year. The “Tipping Over:...

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Credit Growth Slows but Consumers Still Turn to Cards for Spending Power
Credit Growth Slows but Consumers Still Turn to Cards for Spending Power
December 08, 2023  |  Consumer Finance

Higher rates are proving to be headwind to borrowing, per the Federal Reserve’s latest stats. But growth is still growth and consumers are still tapping...

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Luxury Brands Seek Discreet Ways to Move Goods During Slowdown
Luxury Brands Seek Discreet Ways to Move Goods During Slowdown
December 08, 2023  |  Retail

The luxury industry is reportedly facing a slowdown as shoppers sober up after their pandemic spending spree. This slowdown has left luxury brands with a...

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Grocery Shoppers’ Budget Strategies May Outlast Inflation
Grocery Shoppers’ Budget Strategies May Outlast Inflation
December 08, 2023  |  Consumer Finance

When household finances are tight, consumers use various strategies to manage their budgets and make ends meet. This behavior applies to every spending category, from...

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