inflation

Prime Day 2023: US Consumers Spend $6.4 Billion in First 24 Hours 
Prime Day 2023: US Consumers Spend $6.4 Billion in First 24 Hours 
July 12, 2023  |  Amazon

Within the first 24 hours of Amazon’s Prime Day event, U.S. consumers spent $6.4 billion online, according to Adobe.  Despite a 6% increase year over...

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Will Inflation’s Cooling Pace Heat Up Consumer Spending as Summer Wanes?
Will Inflation’s Cooling Pace Heat Up Consumer Spending as Summer Wanes?
July 12, 2023  |  Economy

The torrid pace of inflation is torrid no longer. At least judging by the data for June. The question remains, however, whether the fact that...

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Carbone Fine Food CEO: Inflation Hurts Middle-Tier CPG Brands Most
Carbone Fine Food CEO: Inflation Hurts Middle-Tier CPG Brands Most
July 11, 2023  |  Economy

As consumers adjust their spending in response to inflation, Carbone Fine Food is seeing middle-tier consumer packaged goods (CPG) get edged out by budget options while...

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Coin Use Plummets in Japan as Consumers Rethink Savings
Coin Use Plummets in Japan as Consumers Rethink Savings
July 11, 2023  |  Cash

High inflation in Japan has had an unintended victim: the piggy bank. As the Financial Times (FT) noted Monday (July 10) in a report on...

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Walgreens Woos Cautious Consumers With ‘MyW Days’
Walgreens Woos Cautious Consumers With ‘MyW Days’
July 10, 2023  |  Retail

As consumers struggle with high prices, Walgreens is working to woo its loyalty program members. The pharmacy chain on Monday (July 10) announced “myW Days,” a weeklong event...

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China Creeps Toward Deflation as Recovery Slows
China Creeps Toward Deflation as Recovery Slows
July 10, 2023  |  International

While much of the world deals with inflation, China has the opposite problem. The country’s economy reached the edge of deflation last month, the Financial Times (FT)...

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Cost-of-Living Spikes Hit Higher Earners Hardest
Cost-of-Living Spikes Hit Higher Earners Hardest
July 10, 2023  |  Consumer Finance

Covering costs amid higher prices have left consumers across income levels stretching their budgets — even among those in the highest earning brackets. The share...

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Levi’s Cuts Prices as Consumers Cut Spending  
Levi’s Cuts Prices as Consumers Cut Spending  
July 10, 2023  |  Retail

The story of consumer cutbacks on discretionary items, like apparel and beauty products, continues. But a new narrative is starting to emerge, as brands and...

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Walmart Goes Back in Time With Back-to-School Prices
Walmart Goes Back in Time With Back-to-School Prices
July 10, 2023  |  Retail

Walmart is letting parents shop for the 2023 school year at 2022 prices. “With 80% of customers expecting to spend more on supplies this year, …we’re...

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