Consumer Spending

Groceries a Focal Point for Walmart and Target Earnings for Different Reasons
Groceries a Focal Point for Walmart and Target Earnings for Different Reasons
August 14, 2023  |  Earnings

Earnings season is ending, but there remains a final wave of reports from retail behemoths to be parsed. We’ll see financial results from Target Wednesday (Aug. 16)...

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82% of Consumers Worry About Prices Despite Inflation Relief
82% of Consumers Worry About Prices Despite Inflation Relief
August 14, 2023  |  Economy

The price of essentials may be rising at a slower pace than last year, but consumers remain cautious. Inflation for everyday items is nearing price rise...

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Consumer Sentiment Dips From July’s Levels and Retailers May Face Pressure at the Register
Consumer Sentiment Dips From July’s Levels and Retailers May Face Pressure at the Register
August 11, 2023  |  Consumer Insights

U.S. consumers are slightly less optimistic about the economy this month, following two straight months of growing confidence. The preliminary data and index measuring consumer sentiment released...

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CBDCs’ Relevance Questioned After Canada Casts Skepticism
CBDCs’ Relevance Questioned After Canada Casts Skepticism
August 11, 2023  |  CBDC

It’s a widely reported data point that 93% of central banks are in at least some stage of deploying — or at least exploring —...

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LendingClub: Paycheck-to-Paycheck Lifestyle Is Cash-Strapped Americans’ New Norm
LendingClub: Paycheck-to-Paycheck Lifestyle Is Cash-Strapped Americans’ New Norm
August 11, 2023  |  Economy

Increasing costs on everyday items such as groceries, utilities and insurance continue to strain household budgets across the United States. More than 60% of Americans were living paycheck...

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James Allen Offers ChatGPT Assistant Subscriptions to Shoppers
James Allen Offers ChatGPT Assistant Subscriptions to Shoppers
August 11, 2023  |  Artificial Intelligence

Generative artificial intelligence (AI), particularly OpenAI’s ChatGPT, has become a major trend in retail. Brands and retailers are integrating it due to consumer demand for interactive experiences. In...

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Global Trade Faces Slowdown as Economic Growth Weakens
Global Trade Faces Slowdown as Economic Growth Weakens
August 09, 2023  |  Economy

The world is facing a major slowdown in global trade as economic growth weakens. In addition, governments around the world are increasingly curbing business with...

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P2P Transaction Volume Up 25% as Firms Rush to the Space
P2P Transaction Volume Up 25% as Firms Rush to the Space
August 09, 2023  |  Payment Methods

Peer-to-peer (P2P) payments, a long-standing vehicle for transactions between consumers, has evolved recently into usage between merchants and consumers as well. The steady growth of...

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Nearly One in Four Gen Z Shoppers Won’t Buy If BNPL Not Offered
Nearly One in Four Gen Z Shoppers Won’t Buy If BNPL Not Offered
August 09, 2023  |  BNPL

Traditional credit is more difficult to access and increasingly expensive to maintain as the Federal Reserve keeps raising rates, driving some consumers are seeking alternative...

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