inflation

Price Hike Decisions Becoming ‘More Difficult’ for Procter & Gamble
Price Hike Decisions Becoming ‘More Difficult’ for Procter & Gamble
February 23, 2023  |  Retail

Procter & Gamble’s CFO says the company is at something of a price increase crossroads. Speaking at an industry conference Thursday (Feb. 23), Andre Schulten...

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Panera Adds Free Delivery Subscription Option as Restaurants Rethink Memberships
Panera Adds Free Delivery Subscription Option as Restaurants Rethink Memberships
February 22, 2023  |  Delivery

As restaurants explore more possibilities for subscription commerce, Panera has added a $0 delivery option. On Wednesday (Feb. 22), fast-casual giant Panera Bread, which has...

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CFPB Says Collections Data Shows Strapped Consumers Grappling with Utility Bills
CFPB Says Collections Data Shows Strapped Consumers Grappling with Utility Bills
February 22, 2023  |  Economy

Keeping the lights and the cell phones on are proving a challenge for cash-strapped consumers. As PYMNTS has found, those obligations are among the most...

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Amex and Vanguard Expand Financial Advice Service
Amex and Vanguard Expand Financial Advice Service
February 22, 2023  |  Personal Finance

American Express and Vanguard are opening their financial advice service to more consumers. Launched last year, INVEST for Amex by Vanguard gives American Express customers...

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Cash-Strapped Consumers Bear the Brunt of Grocery Price Inflation
Cash-Strapped Consumers Bear the Brunt of Grocery Price Inflation
February 21, 2023  |  Consumer Insights

PYMNTS research finds grocery inflation is felt most acutely by those who already struggle financially. The Context Inflation is affecting grocery shoppers of all income...

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Consumers Trade Down to Beer as Booze Prices Rise
Consumers Trade Down to Beer as Booze Prices Rise
February 21, 2023  |  Earnings

Molson Coors is seeing consumers rethink their alcoholic beverage spending in the face of inflation. The beverage giant, parent company of a wide range of...

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Sam’s Club Prepared Foods Sales Rise as Consumers Seek Convenience
Sam’s Club Prepared Foods Sales Rise as Consumers Seek Convenience
February 21, 2023  |  Earnings

As consumers look for affordable alternatives to restaurants, grocers’ prepared food sales are growing. Walmart announced Tuesday (Feb. 21) in its fourth-quarter earnings presentation that...

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Consumers Now Spend 22% of Income on Food, Clothing and Shelter
Consumers Now Spend 22% of Income on Food, Clothing and Shelter
February 21, 2023  |  Consumer Finance

Eighty years ago, psychologist Abraham Maslow described mankind’s “hierarchy of needs.” He’d likely gaze in alarm at the price tag, as calculated by PYMNTS, that’s...

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Walmart Sees 17% Hike in eCommerce in Q4
Walmart Sees 17% Hike in eCommerce in Q4
February 21, 2023  |  Retail

Coming off its first-ever $600 billion year of sales, Walmart told investors Tuesday (Feb. 21) that even though economic concerns continue to cloud the future,...

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