As consumers deal with inflation and other economic challenges, Constellation Brands is seeing shoppers make more frequent alcohol purchases but buying less per trip. The...
When consumers’ budgets are pressured, they may cut back, but restaurants benefit from spenders’ strong desire to find other ways to afford the small luxuries...
More and more Americans are seeing income levels drop, a new labor market survey shows. As Bloomberg News reported Wednesday (Oct. 4), a survey by Morning Consult finds that...
Projections suggest that the resale industry will surge to $53 billion in 2023. Interestingly, prominent players like The RealReal have yet to achieve profitability. While the specific...
As restaurants grapple with cost challenges, Krispy Kreme is putting its Insomnia Cookies subsidiary up for sale. On Tuesday (Oct. 3), the donut chain announced that it...
Buy now, pay later (BNPL) may be the payment “lifeline” that keeps consumers from trading down on everyday essentials — and may in fact them...
Boohoo Group saw its shares fall Tuesday (Oct. 3) as it revised its earnings and revenue forecasts. The U.K.-based fast-fashion retailer’s strategy of lowering prices to...
Household spending is up despite several factors that should be keeping it down. Americans spent 5.8% more in August compared to the year before amid...
The economic landscape has been marked by rising inflation, leading to concerns among employed consumers about their wages keeping up with the cost of living....