economy

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

IHOP Reportedly Shuttering Fast-Casual Concept as Consumers Seek Value

IHOP Reportedly Shuttering Fast-Casual Concept as Consumers Seek Value
IHOP Reportedly Shuttering Fast-Casual Concept as Consumers Seek Value
June 01, 2023  |  ResTech

IHOP is reportedly shutting down its test of fast-casual concept Flip’d as restaurant customers increasingly seek out hospitality on the one end and low prices...

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Layoffs Rise 20% in May Led by Technology and Retail
Layoffs Rise 20% in May Led by Technology and Retail
June 01, 2023  |  Economy

There were 80,089 job cuts announced by United States-based employers in May, with the technology sector being hardest hit. Get the Full Story Complete the...

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Report: Whether a Consumer Lives Paycheck to Paycheck Depends on Where They Live
Report: Whether a Consumer Lives Paycheck to Paycheck Depends on Where They Live
June 01, 2023  |  Consumer Insights

Things are tough all over, and six-figure earners are not immune, as prices for fundamentals like food, housing and transportation are causing more high earners...

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Grocery Shoppers Are More Loyal to Merchants Than to Products
Grocery Shoppers Are More Loyal to Merchants Than to Products
May 31, 2023  |  Consumer Insights

As consumers adjust their spending in response to grocery inflation, shoppers are challenged to make difficult decisions about their food spending. Yet, fewer than half...

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Rising Organized Retail Theft Puts Pressure on Profits for Major Retailers  
Rising Organized Retail Theft Puts Pressure on Profits for Major Retailers  
May 31, 2023  |  Retail

It’s more than shoplifting. It’s organized retail theft. That’s been a common narrative for the past few years.  Get the Full Story Complete the form...

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MasterClass and Other Major Streaming Services Get Schooled in Post-Pandemic Pricing
MasterClass and Other Major Streaming Services Get Schooled in Post-Pandemic Pricing
May 31, 2023  |  Streaming

As inflation drags on, consumers are showing a strong attachment to their streaming services, but even beloved sources of online entertainment and learning aren’t immune...

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Is Carvana’s Wall Street Rally an Omen for Online Car Platforms?
Is Carvana’s Wall Street Rally an Omen for Online Car Platforms?
May 31, 2023  |  Markets

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Restaurants’ Declining Service Threatens Diner Loyalty
Restaurants’ Declining Service Threatens Diner Loyalty
May 31, 2023  |  ResTech

As restaurant prices rapidly rise, consumers are noting restaurants reducing costs by compromising on service — decisions that could come at the expense of diner...

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