inflation

EU Regulators Crack Down on Anti-Competitive Practices
EU Regulators Crack Down on Anti-Competitive Practices
February 18, 2024  |  Regulation

European regulators have reportedly increased their focus on anti-competitive behavior among consumer product companies. Last year, competition authorities carried out 26 surprise inspections on consumer companies...

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Nike Layoffs Point to Economic Pressures on Retail Spending
Nike Layoffs Point to Economic Pressures on Retail Spending
February 16, 2024  |  Personnel

Nike is laying off thousands of employees, as consumers’ ongoing financial pressures make it harder for them to justify nonessential purchases, such as adding more...

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Consumers’ Retail Inflation Expectations Are Beginning to Ease
Consumers’ Retail Inflation Expectations Are Beginning to Ease
February 16, 2024  |  Consumer Insights

As consumers look ahead to the rest of the year, many are not as concerned about retail inflation as they once were. By the Numbers...

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Report: Checkout.com UK’s Business Reports Fivefold Increase in Losses
Report: Checkout.com UK’s Business Reports Fivefold Increase in Losses
February 15, 2024  |  Economy

Online payment processing platform Checkout.com has reportedly recorded a $126 million loss in its U.K. business. The company was hit by reduced consumer spending and higher...

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Fed’s Michael Barr Uncertain If Economy Can Have Soft Landing
Fed’s Michael Barr Uncertain If Economy Can Have Soft Landing
February 14, 2024  |  Economy

It’s still too early to determine if the economy can have a soft landing, Michael Barr, vice chair for supervision at the Federal Reserve, said Wednesday (Feb....

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Kraft Heinz Sales Dip as Shoppers Make ‘Smaller Trips’
Kraft Heinz Sales Dip as Shoppers Make ‘Smaller Trips’
February 14, 2024  |  Earnings

From dollar store shoppers to wealthier club store members, consumers are seeking value. So said Kraft Heinz CEO Carlos Abrams-Rivera, addressing his company’s 7.1% quarterly sales drop...

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Consumers Increasingly Trade Down to Less Expensive Retailers
Consumers Increasingly Trade Down to Less Expensive Retailers
February 14, 2024  |  Consumer Insights

While many of consumers’ cost-conscious behaviors in response to inflation are easing slightly, retail shoppers are increasingly switching to lower-cost stores. By the Numbers For...

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Retailers Expand Private-Label Push as Shoppers Continue to Trade Down
Retailers Expand Private-Label Push as Shoppers Continue to Trade Down
February 14, 2024  |  Retail

Retailers such as Target, Macy’s and Walgreens are taking a harder look at their private-label offerings, as PYMNTS Intelligence research shows that ongoing financial pressures...

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Hasbro’s Digital Push Not Enough to Offset Consumer Belt-Tightening on Nonessentials
Hasbro’s Digital Push Not Enough to Offset Consumer Belt-Tightening on Nonessentials
February 13, 2024  |  Retail

Hasbro may be seeing digital growth via its gaming business, but as consumers buy fewer nice-to-have products, the toys and games company continues to struggle....

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