inflation

Procter & Gamble’s Price Hikes Hint at Delicate Balancing Act for Consumers
Procter & Gamble’s Price Hikes Hint at Delicate Balancing Act for Consumers
April 21, 2023  |  Earnings

“The U.S. consumer is holding well.” That statement, made by Procter & Gamble CFO Andre Schulten during the company’s most Friday (April 21) earnings call, has...

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P&G Invests in Digital as Consumers Shift CPG Spending Online
P&G Invests in Digital as Consumers Shift CPG Spending Online
April 21, 2023  |  eCommerce

As consumers shift from supermarkets to eCommerce channels, Procter & Gamble is driving digital sales. The consumer packaged goods (CPG) giant shared on a call...

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Consumers, Businesses Trim Spending on Phones as Economy Slows
Consumers, Businesses Trim Spending on Phones as Economy Slows
April 20, 2023  |  Earnings

Consumers and businesses are trimming their spending on phones in response to the slowing economy. So said AT&T CEO, President and Director John T. Stankey...

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Consumers Spring for Big-Ticket Items When Nice-to-Haves Become Need-to-Haves
Consumers Spring for Big-Ticket Items When Nice-to-Haves Become Need-to-Haves
April 20, 2023  |  Consumer Payments

The sales of expensive everyday items are experiencing somewhat of a reprieve from the consumer slump other retail sectors are facing. At first, it may...

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Uber Expands Robotic Delivery as Aggregators Seek to Lower Cost
Uber Expands Robotic Delivery as Aggregators Seek to Lower Cost
April 20, 2023  |  Delivery

In an effort to drive customer frequency by lowering costs, aggregators are testing robotic delivery. Uber, for its part, announced Thursday (April 20) that it...

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Deliveroo’s Orders Drop by 7 Million as Consumers Cut Back
Deliveroo’s Orders Drop by 7 Million as Consumers Cut Back
April 20, 2023  |  Earnings

With rising price pressures worldwide, aggregators are seeing consumers cut back. United Kingdom-based food delivery aggregator Deliveroo shared in its first quarter financial report Thursday (April 20) that orders...

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Fed’s Beige Book Points Toward Consumer Spending Slowdown
Fed’s Beige Book Points Toward Consumer Spending Slowdown
April 19, 2023  |  Consumer Insights

Connect the data dots and a story emerges — where the Fed’s Beige Book hints at what to come. And what’s to come looks to...

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Getir Joins Ultrafast Grocers Taking a Hit Amid Economic Challenges
Getir Joins Ultrafast Grocers Taking a Hit Amid Economic Challenges
April 19, 2023  |  Retail

Even the largest ultrafast grocers are taking a hit as economic challenges rack the industry. Now, even Turkey-based multibillion-dollar quick-commerce firm Getir, which seemed to...

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Just Eat’s 14% Drop in Orders Suggests Inflation Taking Toll on Delivery
Just Eat’s 14% Drop in Orders Suggests Inflation Taking Toll on Delivery
April 19, 2023  |  Earnings

Just Eat Takeaway.com’s declining orders suggest consumers are making more conservative choices about food spending. The multinational restaurant delivery aggregator saw orders fall by 14% year...

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