inflation

America’s Household Income Continues Three-Quarter Slide
America’s Household Income Continues Three-Quarter Slide
December 12, 2022  |  Economy

U.S. household income declined this summer for the third straight quarter as stock prices fell. That’s according to the Federal Reserve’s latest Financial Accounts of...

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Study: Price Hikes Top Cost Cuts Among Main Street Businesses
Study: Price Hikes Top Cost Cuts Among Main Street Businesses
December 09, 2022  |  SMBs

Hurting Main Street SMBs have had little choice but to meet inflation with price hikes. PYMNTS analyzed this in the “Main Street Health Survey Q4...

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Indian eCommerce Firm Snapdeal Halts Planned IPO 
Indian eCommerce Firm Snapdeal Halts Planned IPO 
December 09, 2022  |  IPO

Indian eCommerce retailer Snapdeal has reportedly halted its planned initial public offering (IPO).  The firm filed papers for an IPO in December 2021 but changed its mind...

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Consumers Say Inflation Twice as Bad as Government Reports
Consumers Say Inflation Twice as Bad as Government Reports
December 09, 2022  |  Economy

Perception is hitting harder than reality for consumers, as inflation levels balloon to historic highs. One thing is clear, we’re in it for the long...

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Costco’s Record Black Friday Not Enough to Stem eCommerce Slump 
Costco’s Record Black Friday Not Enough to Stem eCommerce Slump 
December 09, 2022  |  Retail

Costco’s strong membership and renewals were not enough to offset a slump in digital sales. According to Costco CFO Richard Galanti, while the retailer’s 847...

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Nearly Half of All Grocery Shoppers Are Switching Stores
Nearly Half of All Grocery Shoppers Are Switching Stores
December 08, 2022  |  Economy

As prices continue to skyrocket, consumers are abandoning their go-to grocers in search of savings. What the Data Say Research from the October edition of...

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Grocers Get Creative to Meet Consumers’ Demand for Cheap Food
Grocers Get Creative to Meet Consumers’ Demand for Cheap Food
December 08, 2022  |  Retail

This week in grocery, consumers seek discount food options, and Instacart ships Christmas trees. Canadian discount retailer Dollarama, which has more than 1,400 locations across the...

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Toys R Us Parent WHP Takes 7% Stake in Express
Toys R Us Parent WHP Takes 7% Stake in Express
December 08, 2022  |  Retail

Fashion retailer Express has turned to WHP Global as it begins a “large-scale transformation.” WHP, a brand turnaround firm that owns a number of companies, including Toys R Us,...

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Mastercard: Housing Costs and Inflation Squeeze Consumer Spending
Mastercard: Housing Costs and Inflation Squeeze Consumer Spending
December 08, 2022  |  Economy

High inflation and interest rates are affecting groups in different ways.  The Mastercard Economics Institute said in its Economic Outlook 2023, which was released Thursday...

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