inflation

Baby Products Buck Consumer Trade Down Trend
Baby Products Buck Consumer Trade Down Trend
May 09, 2023  |  Loyalty & Rewards

Brands and merchants may benefit by catering to caregivers’ mindset of seeking consistent reliability in baby products. Parents, family members and other caregivers of young...

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More Than Half of Consumers Skip the Snack Food Aisle to Lower Grocery Bills
More Than Half of Consumers Skip the Snack Food Aisle to Lower Grocery Bills
May 09, 2023  |  Consumer Insights

As food prices continue to rise, consumers are doing everything in their power to save where they can, challenging grocers to find new ways to...

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69% of Consumers Lower Retail Spend as 36% of Grocery Shoppers Buy Cheaper Brands
69% of Consumers Lower Retail Spend as 36% of Grocery Shoppers Buy Cheaper Brands
May 09, 2023  |  Consumer Insights

From retail items to groceries, the inflation monster has consumers looking for any lower-priced port in the storm, and that means finding merchants with pricing...

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Costco Reports Declines in eCommerce and Discretionary Sales in April
Costco Reports Declines in eCommerce and Discretionary Sales in April
May 09, 2023  |  Retail

At Costco, eCommerce and discretionary items saw declines in sales in April. During the four weeks that ended April 30, the membership warehouse club recorded...

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Amazon Pays Customers For Pickup to Cut Delivery Costs
Amazon Pays Customers For Pickup to Cut Delivery Costs
May 09, 2023  |  Amazon Delivery

Amazon is offering customers a deal to lower delivery costs: Pick up your items, get $10. As Reuters reported Monday (May 8), the eCommerce giant...

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Gen Z, Millennials Use Credit Cards 30% More Than the  Average Cardholder
Gen Z, Millennials Use Credit Cards 30% More Than the Average Cardholder
May 09, 2023  |  Credit Cards

Inflation is pushing credit card spending to new heights as consumers increasingly use cards to pay for daily expenses. PYMNTS’ latest study reveals that one-third...

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Affluent Consumers Temper Spending as Recession Concerns Mount
Affluent Consumers Temper Spending as Recession Concerns Mount
May 08, 2023  |  Economy

The latest data from the Federal Reserve released Monday (May 8) show that consumers think inflation’s here for the long term. And higher-income households are...

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Consumers Feel Grocery Inflation Nearly 3X the Measured Rate
Consumers Feel Grocery Inflation Nearly 3X the Measured Rate
May 08, 2023  |  Economy

Even as grocery inflation has slowed, consumers continue to feel the impact of these price hikes far more than the measured rates, according to PYMNTS...

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Zimbabwe Unveils Gold-Backed CBDC
Zimbabwe Unveils Gold-Backed CBDC
May 08, 2023  |  CBDC

Zimbabwe is debuting a gold-backed digital currency as it battles an inflation crisis. The country’s central bank says the tokens — set to launch Monday...

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