inflation

Nordstrom Defies Retail Slump With Surprising Quarterly Profit and Strong Revenue Growth 

Nordstrom Defies Retail Slump With Surprising Quarterly Profit and Strong Revenue Growth 
Nordstrom Defies Retail Slump With Surprising Quarterly Profit and Strong Revenue Growth 
June 01, 2023  |  Retail

In the previous quarter, PYMNTS dubbed Nordstrom’s strategy of excessive discounting as the “big blue mistake.” However, on Wednesday (May 31), the retailer has proven...

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Report: Whether a Consumer Lives Paycheck to Paycheck Depends on Where They Live
Report: Whether a Consumer Lives Paycheck to Paycheck Depends on Where They Live
June 01, 2023  |  Consumer Insights

Things are tough all over, and six-figure earners are not immune, as prices for fundamentals like food, housing and transportation are causing more high earners...

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Grocery Shoppers Are More Loyal to Merchants Than to Products
Grocery Shoppers Are More Loyal to Merchants Than to Products
May 31, 2023  |  Consumer Insights

As consumers adjust their spending in response to grocery inflation, shoppers are challenged to make difficult decisions about their food spending. Yet, fewer than half...

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MasterClass and Other Major Streaming Services Get Schooled in Post-Pandemic Pricing
MasterClass and Other Major Streaming Services Get Schooled in Post-Pandemic Pricing
May 31, 2023  |  Streaming

As inflation drags on, consumers are showing a strong attachment to their streaming services, but even beloved sources of online entertainment and learning aren’t immune...

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Is Carvana’s Wall Street Rally an Omen for Online Car Platforms?
Is Carvana’s Wall Street Rally an Omen for Online Car Platforms?
May 31, 2023  |  Market Conditions

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Restaurants’ Declining Service Threatens Diner Loyalty
Restaurants’ Declining Service Threatens Diner Loyalty
May 31, 2023  |  Restaurant innovation

As restaurant prices rapidly rise, consumers are noting restaurants reducing costs by compromising on service — decisions that could come at the expense of diner...

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Grocery Shoppers Pinch Pennies on CPG While Splurging on Perishables
Grocery Shoppers Pinch Pennies on CPG While Splurging on Perishables
May 30, 2023  |  Consumer Insights

As grocery shoppers look to manage their spending in the face of high inflation, many are turning to less expensive merchants for high-trust items like...

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Consumer Confidence Slide Sends Warning to Main Street Small Businesses
Consumer Confidence Slide Sends Warning to Main Street Small Businesses
May 30, 2023  |  SMBs

Consumer confidence continues to wane. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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Credit Card Debt Hits $1 Trillion Mark Amid ‘Nonstop’ Spending
Credit Card Debt Hits $1 Trillion Mark Amid ‘Nonstop’ Spending
May 30, 2023  |  Debt

How high is America’s credit card debt? The answer varies from source to source. Get the Full Story Complete the form to unlock this article...

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