inflation

GDP Report Mixes Economic Growth With Slower Pace of Consumer Spending
GDP Report Mixes Economic Growth With Slower Pace of Consumer Spending
July 25, 2024  |  Economy

The newest reading on gross domestic product (GDP) — for the second quarter, only a few weeks in the books — shows a quickening pace...

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US Business Activity Reaches Highest Level in 27 Months
US Business Activity Reaches Highest Level in 27 Months
July 24, 2024  |  Economy

U.S. business activity rose to its highest level in 27 months in July, S&P Global said Wednesday (July 24). Output has risen continuously for 1½...

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Save A Lot VP: Consumers Cross-Shop to Stretch Grocery Budgets
Save A Lot VP: Consumers Cross-Shop to Stretch Grocery Budgets
July 16, 2024  |  Retail

Amid ongoing inflation and economic challenges, grocery shoppers are recalibrating their budgeting behaviors to make ends meet. Katie Kobus, vice president of marketing at Save...

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Big-Ticket Retail Sales Take Hit in June
Big-Ticket Retail Sales Take Hit in June
July 16, 2024  |  Consumer Finance

A flat June reading for retail sales can be a tossup in terms of getting a sense of how the consumer is faring. The data...

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Joor CEO: Luxury Shoppers Won’t Buy a $20,000 Coat Online
Joor CEO: Luxury Shoppers Won’t Buy a $20,000 Coat Online
July 16, 2024  |  Retail

As the luxury retail sector looks to strike a balance between digital accessibility and the more immersive, high-touch in-store experience, these upscale brands must create...

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Corporate Bankruptcies Surge as Consumers Cut Back
Corporate Bankruptcies Surge as Consumers Cut Back
July 14, 2024  |  Economy

U.S. corporate bankruptcies are at a level not seen since the early days of COVID. So far this year, there have been 346 business bankruptcy...

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Citigroup’s 3% Branded Card Spend Growth Driven by Higher FICO Consumers
Citigroup’s 3% Branded Card Spend Growth Driven by Higher FICO Consumers
July 12, 2024  |  Earnings

Citigroup’s earnings results showed a bit of bifurcation in consumer spending, as higher credit scoring individuals continue to use their cards and lower FICO consumers...

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Target Bolsters in-Store Experiences Through Strategic Collaborations
Target Bolsters in-Store Experiences Through Strategic Collaborations
July 12, 2024  |  Retail

Target is facing increased competition from online retailers with faster delivery and a wider selection of products. Customers are also shopping less frequently in physical...

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Taco Bell Digital Chief Says Subscriptions Inflation-Proof Customer Spend
Taco Bell Digital Chief Says Subscriptions Inflation-Proof Customer Spend
July 12, 2024  |  Subscriptions

As Taco Bell continues its paid subscription push — its “passes” — the quick-service restaurant (QSR) giant is seeing that, by offering a wider range...

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