Consumer Spending

27% of Consumers Skip Restaurant Purchases Altogether
27% of Consumers Skip Restaurant Purchases Altogether
September 26, 2023  |  Consumer Insights

As restaurants look to drive traffic amid menu price inflation, more than 1 in 4 consumers are not making restaurant purchases at all, PYMNTS Intelligence...

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Consumer Confidence Data Points to Worries Over Income and Possible Recession
Consumer Confidence Data Points to Worries Over Income and Possible Recession
September 26, 2023  |  Consumer Insights

Consumers are less than sanguine about their near-term income prospects. The negative sentiment about the money that’s hitting their accounts each pay cycle may in...

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UNFI Says CPG Brands Will Need to Step Up Deals to Get Customers Back
UNFI Says CPG Brands Will Need to Step Up Deals to Get Customers Back
September 26, 2023  |  Earnings

As grocery inflation normalizes, United Natural Foods, Inc. (UNFI) expects brands to start offering more deals and discounts, which the company sees as a necessary...

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Gen X Turns to BNPL as Student Loan Repayment Trims Discretionary Spend
Gen X Turns to BNPL as Student Loan Repayment Trims Discretionary Spend
September 26, 2023  |  Buy Now Pay Later

“Reality Bites” was a touchstone movie for Generation X. Three decades later, any cinematic foray into the trials and tribulations of those born between 1965...

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New Homes and Cars ‘Completely Unaffordable’ Amid High Interest Rates, Says Moody’s
New Homes and Cars ‘Completely Unaffordable’ Amid High Interest Rates, Says Moody’s
September 26, 2023  |  Economy

The Federal Reserve indicated last week that higher interest rates will likely stick around. And as The Wall Street Journal (WSJ) reported Tuesday (Sept. 26), this situation has begun...

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Higher for Longer Means Tougher for Longer for FinTechs
Higher for Longer Means Tougher for Longer for FinTechs
September 24, 2023  |  Fintech Investments

The Federal Reserve said last week that higher interest rates could stick around. As The Wall Street reported Sunday (Sept. 24), this “higher for longer” strategy could spell bad...

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Amazon’s Checkout-Free Retail Push Takes Aim at Walmart’s Brick-and-Mortar Dominance
Amazon’s Checkout-Free Retail Push Takes Aim at Walmart’s Brick-and-Mortar Dominance
September 22, 2023  |  Retail

In commerce, as in war, battles are seldom fought on one front alone. So it is no surprise that the jousting between Walmart and Amazon...

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Consumer Spending May Not Be as Resilient as Retail Sales Data Indicates
Consumer Spending May Not Be as Resilient as Retail Sales Data Indicates
September 20, 2023  |  Economy

The Federal Reserve’s staying pat, for now. The announcement on Wednesday (Sept. 20) that the central bank is leaving interest rates unchanged — at a...

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43% of Consumers Will Delay or Cancel a Purchase If Merchants Don’t Offer BNPL
43% of Consumers Will Delay or Cancel a Purchase If Merchants Don’t Offer BNPL
September 20, 2023  |  BNPL

As consumers become increasingly accustomed to convenient and flexible payment options, buy now, pay later (BNPL) as a payment method has gained significant popularity both...

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