As the Federal Reserve boosts interest rates to beat inflation, all sorts of debt becomes more expensive. Much of the everyday focus may be on...
Overall consumer spending fell in May, driven largely by spikes in fuel and housing costs, the U.S. Commerce Department said Thursday (June 30). Get the...
Today in data, continued inflation and fears of a recession have contributed to a drop in the Consumer Confidence Index. Get the Full Story Complete...
Hopes for a near-term turnaround in the battered home furnishing category were dashed Wednesday evening (June 29), after high-end retailer RH told investors it expects...
RH, the high-end furniture retailer, has seen its stock tumble in extended trading, after it cut its forecast, Bloomberg reported Wednesday (June 29). Get the...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The Consumer Confidence Index hit its lowest level since February 2021, falling to 98.7, a report from the Confidence Board said Tuesday (June 28). Get...
When the recession hits — and a recession is looking more and more like a matter of when, not if — spending on luxury retail...