economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.

High-Income Consumers’ Rising Secondhand Purchasing Drives Luxury Consignment Growth

High-Income Consumers’ Rising Secondhand Purchasing Drives Luxury Consignment Growth
High-Income Consumers’ Rising Secondhand Purchasing Drives Luxury Consignment Growth
May 07, 2024  |  Retail

With high-income shoppers disproportionately growing their adoption of secondhand retail channels, The RealReal is seeing its consignment business grow. Get the Full Story Complete the form to...

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Live Events Take Center Stage in Consumer Spending
Live Events Take Center Stage in Consumer Spending
May 07, 2024  |  Earnings

As consumers feel their budgets come under pressure, people continue to spring for live event tickets, Vivid Seats’ latest earnings results reveal, even as they cut back on...

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American Express GBT: Global Multinationals Increase Their Business Travel
American Express GBT: Global Multinationals Increase Their Business Travel
May 07, 2024  |  B2B Payments

American Express Global Business Travel (Amex GBT) saw global multinational customers increase their business travel during the first quarter. Get the Full Story Complete the form to unlock...

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Tesla Cutting Jobs Across Departments as Part of Restructuring
Tesla Cutting Jobs Across Departments as Part of Restructuring
May 06, 2024  |  Economy

Tesla has reportedly laid off employees across several departments over the last three weeks. Get the Full Story Complete the form to unlock this article and...

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ThredUp: Low Consumer Confidence Is Keeping Shoppers From Clothing Splurges
ThredUp: Low Consumer Confidence Is Keeping Shoppers From Clothing Splurges
May 06, 2024  |  Retail

As consumers continue to feel economic pressures constrain their budgets, ThredUp sees shoppers pull back on buying clothes — even lower-cost secondhand ones. Get the Full Story...

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Five Ways Consumers Are Pumping the Brakes on Spending
Five Ways Consumers Are Pumping the Brakes on Spending
May 06, 2024  |  Consumer Insights

We may be witnessing the beginnings of a great pullback in consumer spending. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Sam Ash Closes Stores as Musicians Turn to Amazon
Sam Ash Closes Stores as Musicians Turn to Amazon
May 06, 2024  |  Retail

As Amazon gains share in hobby retail categories, specialty retailers such as Sam Ash are taking a hit. The music retailer announced Thursday (May 2) that it is closing all its...

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US Small Businesses See Drop in Failure Risk Compared to Larger Firms
US Small Businesses See Drop in Failure Risk Compared to Larger Firms
May 06, 2024  |  SMBs

Despite news about rising inflation and stalled interest rates, recent PYMNTS Intelligence data confirms that many of the small and medium-sized businesses (SMBs) that dot...

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