trade down

Mixed Signals: Inflation Slows to 3-Year Low, Yet Essential Costs Rise
Mixed Signals: Inflation Slows to 3-Year Low, Yet Essential Costs Rise
September 11, 2024  |  Economy

The pace of price increases overall is slowing. But the costs of some key essentials remain stubbornly high, and they ticked higher in August. The...

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How Consumers Shop: Five Insights From This Year’s PYMNTS Intelligence Reports
How Consumers Shop: Five Insights From This Year’s PYMNTS Intelligence Reports
August 09, 2024  |  Retail

So far this year, PYMNTS Intelligence data has illuminated a wide range of shopper behaviors, highlighting how omnichannel engagement is changing over time and how...

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Budget-Strapped Shoppers Splurge on Small-Ticket Items, Scrimp on Major Purchases
Budget-Strapped Shoppers Splurge on Small-Ticket Items, Scrimp on Major Purchases
August 05, 2024  |  Retail

This week in paycheck-to-paycheck shopping news, retail brands are sharing that consumers are becoming less cautious in their spending on small purchases such as groceries,...

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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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The One Thing All Parents Have In Common: They Don’t Scrimp on Baby Products
The One Thing All Parents Have In Common: They Don’t Scrimp on Baby Products
June 13, 2024  |  Retail

As consumers look for ways to cut back their retail spending, many are willing to make sacrifices on product quality, but not when it comes...

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Discount Retailers See Sales Upticks as Paycheck-to-Paycheck Shoppers Trade Down
Discount Retailers See Sales Upticks as Paycheck-to-Paycheck Shoppers Trade Down
June 10, 2024  |  Retail

As inflation continues to erode purchasing power, financially unstable consumers, squeezed by higher prices on everything from groceries to gasoline, are increasingly turning to discount...

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Sam’s Club Recruits Its Customers to Drive Private-Label Innovation
Sam’s Club Recruits Its Customers to Drive Private-Label Innovation
June 06, 2024  |  Retail

As retailers rethink their relationships with their customers looking to drive deeper loyalty and higher engagement, Sam’s Club is looking to its membership base to...

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Best Buy: Shoppers Are Shifting Their Spending Toward Seasonal Sales
Best Buy: Shoppers Are Shifting Their Spending Toward Seasonal Sales
May 30, 2024  |  Retail

As consumers prove more cautious about their discretionary retail spending, Best Buy is seeing shoppers hold off until sales events to make big purchases. On...

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Burlington: Sales Climb 11% as ‘All Income Groups’ Feel Pressure
Burlington: Sales Climb 11% as ‘All Income Groups’ Feel Pressure
May 30, 2024  |  Earnings

Cost-conscious customers from all income levels are helping drive sales at Burlington Stores. The off-price retailer saw its total sales increase by 11% during the...

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