inflation

Nordstrom Defies Retail Slump With Surprising Quarterly Profit and Strong Revenue Growth 
Nordstrom Defies Retail Slump With Surprising Quarterly Profit and Strong Revenue Growth 
June 01, 2023  |  Retail

In the previous quarter, PYMNTS dubbed Nordstrom’s strategy of excessive discounting as the “big blue mistake.” However, on Wednesday (May 31), the retailer has proven...

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Report: Whether a Consumer Lives Paycheck to Paycheck Depends on Where They Live
Report: Whether a Consumer Lives Paycheck to Paycheck Depends on Where They Live
June 01, 2023  |  Consumer Insights

Things are tough all over, and six-figure earners are not immune, as prices for fundamentals like food, housing and transportation are causing more high earners...

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Grocery Shoppers Are More Loyal to Merchants Than to Products
Grocery Shoppers Are More Loyal to Merchants Than to Products
May 31, 2023  |  Consumer Insights

As consumers adjust their spending in response to grocery inflation, shoppers are challenged to make difficult decisions about their food spending. Yet, fewer than half...

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MasterClass and Other Major Streaming Services Get Schooled in Post-Pandemic Pricing
MasterClass and Other Major Streaming Services Get Schooled in Post-Pandemic Pricing
May 31, 2023  |  Streaming

As inflation drags on, consumers are showing a strong attachment to their streaming services, but even beloved sources of online entertainment and learning aren’t immune...

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Is Carvana’s Wall Street Rally an Omen for Online Car Platforms?
Is Carvana’s Wall Street Rally an Omen for Online Car Platforms?
May 31, 2023  |  Market Conditions

One day’s surge on Wall Street may be a blip, or it may be an omen. Shares of Carvana rocketed up more than 16% Tuesday (May 30)....

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Restaurants’ Declining Service Threatens Diner Loyalty
Restaurants’ Declining Service Threatens Diner Loyalty
May 31, 2023  |  Restaurant innovation

As restaurant prices rapidly rise, consumers are noting restaurants reducing costs by compromising on service — decisions that could come at the expense of diner...

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Grocery Shoppers Pinch Pennies on CPG While Splurging on Perishables
Grocery Shoppers Pinch Pennies on CPG While Splurging on Perishables
May 30, 2023  |  Consumer Insights

As grocery shoppers look to manage their spending in the face of high inflation, many are turning to less expensive merchants for high-trust items like...

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Consumer Confidence Slide Sends Warning to Main Street Small Businesses
Consumer Confidence Slide Sends Warning to Main Street Small Businesses
May 30, 2023  |  SMBs

Consumer confidence continues to wane. And in May, it’s a less-sanguine view of the labor market that has households feeling a bit less cheerful about...

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Credit Card Debt Hits $1 Trillion Mark Amid ‘Nonstop’ Spending
Credit Card Debt Hits $1 Trillion Mark Amid ‘Nonstop’ Spending
May 30, 2023  |  Debt

How high is America’s credit card debt? The answer varies from source to source. Either way, it’s either more than or close to $1 trillion,...

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