Consumer Spending

Nordstrom’s Off-Price Destination Falls Short on Value
Nordstrom’s Off-Price Destination Falls Short on Value
November 22, 2023  |  Retail

Nordstrom, once known for its opulent runway and exceptional service, is increasingly delving deeper into substantial discounts to navigate financial challenges. But is it working?...

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Consumer Sentiment Continues Sliding as Households Brace for Higher Inflation
Consumer Sentiment Continues Sliding as Households Brace for Higher Inflation
November 22, 2023  |  Economy

Perception is reality, goes the old saying. And the perception right now is that inflation is a staple of everyday life, that no one should...

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Retailers Expect Interest Rates and Inflation to Slow Holiday Spending
Retailers Expect Interest Rates and Inflation to Slow Holiday Spending
November 21, 2023  |  Retail

Retailers are reportedly bracing for a tough holiday season, with economic demand slowing and outlooks mixed. Despite offering higher discounts and competitive promotions, retailers are...

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DoorDash Expands Alcoholic Beverage Delivery as Aggregators Push for Booze Spending
DoorDash Expands Alcoholic Beverage Delivery as Aggregators Push for Booze Spending
November 21, 2023  |  Delivery

DoorDash is making beer, wine and spirits delivery available to more locations, as across the industry, leading aggregators compete for consumers’ alcoholic beverage spending. The...

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1 in 5 of Consumers Without Paycheck Pressures Still Plan to Finance Holiday Purchases
1 in 5 of Consumers Without Paycheck Pressures Still Plan to Finance Holiday Purchases
November 21, 2023  |  Consumer Finance

As the holidays near, balancing tight budgets with the festive spirit can become a challenge. Which is why traditionally, many consumers turn to credit to...

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As Deal Seekers Surface, Best Buy Introduces Curated Shopping and Store Experiences
As Deal Seekers Surface, Best Buy Introduces Curated Shopping and Store Experiences
November 21, 2023  |  Retail

As customers embrace value, Best Buy is emphasizing promotions and in-store experiences, aiming to create compelling reasons for them to make it to the checkout...

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Lowe’s Cuts Sales Forecast as Consumers Decide Against DIY
Lowe’s Cuts Sales Forecast as Consumers Decide Against DIY
November 21, 2023  |  Earnings

Consumers are putting do-it-yourself (DIY) projects on hold, which is bad news for Lowe’s. The home improvement chain has slashed its full-year sales outlook, saying Tuesday (Nov....

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Best Buy Lowers Sales Outlook as Black Friday Looms
Best Buy Lowers Sales Outlook as Black Friday Looms
November 21, 2023  |  Earnings

Best Buy says cooling consumer demand for appliances helped drive down third-quarter sales. The company’s drop in revenue led it to lower its annual sales forecast Tuesday (Nov....

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Study Finds Non-Gift Holiday Spending to Drop 26% as Consumers Trim Budgets
Study Finds Non-Gift Holiday Spending to Drop 26% as Consumers Trim Budgets
November 21, 2023  |  Retail

The average holiday shopper anticipates spending roughly $860 this year on non-gift holiday purchases such as live entertainment or retail products for personal use —...

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