inflation

Gen Z Shoppers Knowingly Buy Fakes to Save Money
Gen Z Shoppers Knowingly Buy Fakes to Save Money
April 27, 2023  |  Retail

Knowingly buying fakes is taking hold as a cost-cutting trend among younger shoppers. As the high price of luxury goods presents a barrier to purchase...

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GDP Figures Show Economy Slowing and Consumers Still Spending
GDP Figures Show Economy Slowing and Consumers Still Spending
April 27, 2023  |  Economy

The U.S. economy slowed in the first three months of 2023, according to new government data. Figures released Thursday (April 27) by the Bureau of...

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LendingClub Grew Deposits by $826 Million After SVB Collapse
LendingClub Grew Deposits by $826 Million After SVB Collapse
April 26, 2023  |  Earnings

The collapse of Silicon Valley Bank (SVB) roiled the U.S. financial system last month. San Francisco-based LendingClub, a FinTech lender that became a direct-to-consumer (DTC)...

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Instacart Steps Up Discount Offerings Amid Inflation
Instacart Steps Up Discount Offerings Amid Inflation
April 26, 2023  |  Aggregators

As consumers cut grocery spending amid inflation, Instacart is stepping up its savings-oriented offerings. The grocery aggregator announced Tuesday (April 25) that it was adding...

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Away Luggage Quiets Talks of Buyout, Shifts Focus to Retail Expansion 
Away Luggage Quiets Talks of Buyout, Shifts Focus to Retail Expansion 
April 26, 2023  |  Retail

In February, Away luggage toyed with the idea of selling. Now, it’s expanding its physical footprint with its latest store opening in San Jose, California,...

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McDonald’s Sees Diners Choose QSRs as Price Sensitivity Rises
McDonald’s Sees Diners Choose QSRs as Price Sensitivity Rises
April 25, 2023  |  Earnings

As consumers increasingly strain under restaurant inflation, they choose lower-priced fast food options, McDonald’s noted. On a call with analysts Tuesday (April 25) discussing the...

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Discount Stores Remodel to Capture Walmart Grocery Share
Discount Stores Remodel to Capture Walmart Grocery Share
April 23, 2023  |  Retail

Major remodels by the country’s top two dollar store chains signals expectations for prolonged higher food prices. As reported by FT earlier this week (Apr....

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Main Street Merchant Recession Expectations Match Fed, Consumer Sentiment
Main Street Merchant Recession Expectations Match Fed, Consumer Sentiment
April 23, 2023  |  Economy

After pandemic and inflation woes, Main Street is digging in to face economic headwinds on the horizon. Small to medium-sized businesses (SMBs) seeking a chance...

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Markups by Auto Dealers Helped Fuel Inflation, Government Study Shows
Markups by Auto Dealers Helped Fuel Inflation, Government Study Shows
April 23, 2023  |  Economy

New government research shows that markups on new vehicles helped drive the inflation plaguing consumers. A recent study by the U.S. Bureau of Labor Statistics...

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