inflation

Consumers Feeling Better About Inflation — Will They Feel Comfortable Spending?
Consumers Feeling Better About Inflation — Will They Feel Comfortable Spending?
January 19, 2024  |  Economy

Headed into the new year, consumers are confident about the economy, and about overall trends in inflation. As reported by the University of Michigan’s survey of...

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Deliveroo CEO Expects Wage Growth to Outpace Food Inflation, Drive Demand
Deliveroo CEO Expects Wage Growth to Outpace Food Inflation, Drive Demand
January 19, 2024  |  Earnings

As restaurant delivery services around the world have seen demand impacted for years by ongoing food inflation and other financial challenges, Deliveroo expects that wage...

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Richemont’s Sales Soar on Strong Demand in China and Japan
Richemont’s Sales Soar on Strong Demand in China and Japan
January 19, 2024  |  Retail

Inflation-pressured consumers tend to cut back on their luxury purchases.  At least, that’s what PYMNTS Intelligence data has found. However, the demand for Richemont’s jewelry...

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Costco Tests Pre-Entry Membership Verification as Consumers Seek More Deals
Costco Tests Pre-Entry Membership Verification as Consumers Seek More Deals
January 18, 2024  |  Authentication

With more consumers looking to find bargains on groceries, Costco is trying a new, more prohibitive membership verification process. The warehouse club giant is testing...

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PYMNTS Data: Inflation-Adjusted Retail Sales Offer Hope for Merchants Beyond the Holiday Surge
PYMNTS Data: Inflation-Adjusted Retail Sales Offer Hope for Merchants Beyond the Holiday Surge
January 18, 2024  |  Economy

Inflation’s been the main concern for merchants and consumers through the past few years. But as PYMNTS Intelligence data shows, inflation’s impact on retail, in...

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Tipping Costs Drive Nearly 30% of Consumers to Reduce Hotel Spending
Tipping Costs Drive Nearly 30% of Consumers to Reduce Hotel Spending
January 18, 2024  |  Consumer Insights

Rising prices are affecting American households, leading to reduced consumer spending. Despite a slight decrease in inflation, Consumer Price Index data showed that consumer sentiment...

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Is the Luxury Slowdown Normalization or Inflation? 
Is the Luxury Slowdown Normalization or Inflation? 
January 16, 2024  |  Retail

There was a time last year when we heard luxury retailers say that the slowdown they were experiencing was a sign of “normalization,” but now...

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Wage Hikes and Regulations May Spur Gig Platform Consolidation
Wage Hikes and Regulations May Spur Gig Platform Consolidation
January 15, 2024  |  Gig Economy

Wage hikes and new regulations impacting the ways in which gig workers are classified may shake up online platforms, pinching profits and spurring consolidation. In...

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NRF Preview: Retailers Hope Last Year’s Pivots Turn Into 2024 Sales
NRF Preview: Retailers Hope Last Year’s Pivots Turn Into 2024 Sales
January 15, 2024  |  Retail

Last year, the National Retail Federation’s annual show put the spotlight on the return of physical retail and AI. This year, it’s all about checking...

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