Consumer Spending

40% of Millennials Tap Installment Plans to Improve Their Credit Scores
40% of Millennials Tap Installment Plans to Improve Their Credit Scores
October 16, 2023  |  Payment Methods

Installment plans have emerged as a popular payment method, offering consumers the flexibility to pay for their purchases over time, rather than upfront. This enables...

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Walmart Deviates From Holiday Hiring Spree Amid Economic Uncertainty
Walmart Deviates From Holiday Hiring Spree Amid Economic Uncertainty
October 16, 2023  |  Walmart

As the holiday shopping season approaches, Walmart has announced that it is will not hire additional staff to serve customers during this peak period. This...

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Teachable: Subscriptions Drive Retention by Controlling Content Flow
Teachable: Subscriptions Drive Retention by Controlling Content Flow
October 16, 2023  |  Subscriptions

As consumers manage their monthly subscriptions, making difficult decisions about which to keep and which to cut, Teachable has found that, by limiting how much...

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How Caviar Became Everyone’s Catch of the Day
How Caviar Became Everyone’s Catch of the Day
October 14, 2023  |  Social Commerce

Caviar is now mainstream. Once considered a luxury reserved for the elite, caviar exceeded $100 million in U.S. sales in 2022 and is expected to...

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Citi: Spending Decelerates as Consumers Grow More Cautious
Citi: Spending Decelerates as Consumers Grow More Cautious
October 13, 2023  |  Earnings

Consumer spending is still growing but slowing, especially among those with lower FICO scores, Citi reported Friday (Oct. 13). “The growth in spending is decelerating...

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Wells Fargo Expects Continued Slowing of the Economy 
Wells Fargo Expects Continued Slowing of the Economy 
October 13, 2023  |  Earnings

Wells Fargo saw net charge-offs increase, loan demand decrease and average deposits decline during the third quarter.  At the same time, consumer spending remained strong, the...

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JPMorgan Chase Card Spending Grows 8% as Consumers Draw Down Deposits
JPMorgan Chase Card Spending Grows 8% as Consumers Draw Down Deposits
October 13, 2023  |  Earnings

Banking juggernaut J.P. Morgan Chase reported earnings on Friday (Oct. 13) that showed resilient card spending, but a drawdown of deposits and a gradual uptick...

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Budget-Conscious Chinese Consumers Drive Sales for Value-Focused Companies
Budget-Conscious Chinese Consumers Drive Sales for Value-Focused Companies
October 13, 2023  |  Retail

Companies that cater to budget-conscious Chinese consumers have reportedly seen sales soar, while their upmarket rivals have struggled to keep up. Online retailer Pinduoduo, budget household-goods...

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Amazon Prime Members Bagged $1 Billion in October Deal Day Savings
Amazon Prime Members Bagged $1 Billion in October Deal Day Savings
October 13, 2023  |  Retail

This week, Amazon and Walmart have been locked in intense competition, each striving to secure the loyalty and spending of shoppers.   On Wednesday (Oct 11),...

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