economy

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

Holiday Shopping Numbers Fall Short of NRF Forecast

Holiday Shopping Numbers Fall Short of NRF Forecast
Holiday Shopping Numbers Fall Short of NRF Forecast
January 19, 2023  |  Retail

The National Retail Federation says 2022 holiday sales grew 5.3%, missing an earlier forecast. Get the Full Story Complete the form to unlock this article...

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Fast Fashion’s Hot New Player Shein Not Immune to Economic Strife
Fast Fashion’s Hot New Player Shein Not Immune to Economic Strife
January 18, 2023  |  Economy

Shein is reportedly considering a funding round that would lower its market valuation by a third. Get the Full Story Complete the form to unlock...

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Grocers Fail to See Expected Surge as Shoppers Cut Back
Grocers Fail to See Expected Surge as Shoppers Cut Back
January 18, 2023  |  Retail

December sales data reveals that grocers did not get the predicted boost this holiday season. Get the Full Story Complete the form to unlock this...

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Slumping Retail Sales Signal Pain for Main Street’s Small Business Operators 
Slumping Retail Sales Signal Pain for Main Street’s Small Business Operators 
January 18, 2023  |  SMBs

The small businesses lining Main Street will feel a profit pinch as consumers’ wallets snap shut. Get the Full Story Complete the form to unlock...

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BofA Reportedly Pauses Hiring Ahead of Recession
BofA Reportedly Pauses Hiring Ahead of Recession
January 18, 2023  |  Economy

Bank of America is reportedly freezing most hiring as it prepares for a possible recession. Get the Full Story Complete the form to unlock this...

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Consumers’ Inflation Perception and Government Data Are Miles Apart
Consumers’ Inflation Perception and Government Data Are Miles Apart
January 18, 2023  |  Economy

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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Amazon Starts Latest Job Cuts Focusing on Retail and HR
Amazon Starts Latest Job Cuts Focusing on Retail and HR
January 18, 2023  |  Amazon

Amazon is reportedly beginning its latest round of job cuts Wednesday (Jan. 18). Get the Full Story Complete the form to unlock this article and...

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Party City Files For Bankruptcy to Find ‘Stronger Footing’
Party City Files For Bankruptcy to Find ‘Stronger Footing’
January 18, 2023  |  Retail

Party City is seeking bankruptcy protection, the latest casualty of consumer cutbacks on non-essential spending. Get the Full Story Complete the form to unlock this...

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