Consumer Spending

Price Hikes No Longer ‘Badge of Honor’ in Cooling Economy
Price Hikes No Longer ‘Badge of Honor’ in Cooling Economy
November 16, 2023  |  Retail

Prices are finally coming down at many retailers. Consumers still may not feel relieved. A report Thursday (Nov. 16) by The Wall Street Journal (WSJ)...

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Consumers’ Credit Card ‘Switch’ Looks Set to Benefit BNPL and Digital Wallets
Consumers’ Credit Card ‘Switch’ Looks Set to Benefit BNPL and Digital Wallets
November 16, 2023  |  Consumer Finance

Consumers examining the debt they’re carrying — and the cost of servicing that debt — may be tempted to make the switch away from credit...

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60% of Leisure Travel Expenses Fueled by Gen X and Millennials
60% of Leisure Travel Expenses Fueled by Gen X and Millennials
November 16, 2023  |  Travel Payments

Despite economic uncertainty and financial concerns, Americans have chosen to prioritize travel over savings this year. This trend applies to all generations, but it’s Gen...

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Job Market Softens As Ongoing Unemployment Claims Rise
Job Market Softens As Ongoing Unemployment Claims Rise
November 16, 2023  |  Economy

The “durable” job market economists had been touting all year now seems a bit softer. New employment figures from the U.S. Labor Department released Thursday (Nov. 16)...

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Clothing, Furnishings and Appliances Lead In-Store Purchases
Clothing, Furnishings and Appliances Lead In-Store Purchases
November 16, 2023  |  Retail

The rise of eCommerce and the integration of online and offline shopping have shaped the way consumers are making their purchases.  Despite a shift toward...

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Pickup and Delivery Drive Walmart’s 24% eCommerce Surge, as Consumer Spending Slows
Pickup and Delivery Drive Walmart’s 24% eCommerce Surge, as Consumer Spending Slows
November 16, 2023  |  eCommerce

Walmart has made the consumer spending slowdown official. As fiscal year third-quarter earnings results debuted Thursday morning (Nov. 16) showed a cautious outlook on consumers’...

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Brick-and-Mortar Merchants to Take a Hit as Retail Sales Sputter?
Brick-and-Mortar Merchants to Take a Hit as Retail Sales Sputter?
November 15, 2023  |  Retail

Seven months of spending at the register… and now comes an interruption. October’s retail sales decline may prove to be a mere blip.   Or maybe...

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Target Says ‘Tis the Season for Financial Stress
Target Says ‘Tis the Season for Financial Stress
November 15, 2023  |  Earnings

Consumers continue to face economic challenges, even as inflation takes a dip, and the punchline continues to show up in retail receipts. In reporting its...

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The Challenge of Establishing Trust in the Age of Anonymous Commerce
The Challenge of Establishing Trust in the Age of Anonymous Commerce
November 15, 2023  |  eCommerce

“Trust, in the digital age,” Doriel Abrahams, head of risk in the U.S. at Forter, told PYMNTS, “is a lot different than it used to...

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