As consumers adjust their spending in response to inflation, Carbone Fine Food is seeing middle-tier consumer packaged goods (CPG) get edged out by budget options while higher-end players continue to find their audience. In an interview with PYMNTS, Eric Skae, CEO of the brand, which is the...
The retail prices of used vehicles may soon be on the decline. After the largest decline in wholesale prices last month since the pandemic began, prices are set to stabilize in the second half of the year, potentially reducing retail used vehicle pricing for consumers...
The unemployment situation changed little in June as the United States added 209,000 jobs. The unemployment rate stood at 3.6% — within the 3.4% to 3.7% range it has been in since March 2022 — and the number of unemployed persons was little changed at 6 million,...
Interest rates and inflation are apparently no match for the consumer’s desire for a new car. New vehicle sales in the U.S. rose an estimated 13% in the first half of 2022, The Wall Street Journal reported Wednesday (July 5), citing data from research firm Wards Intelligence. Carmakers...
This week in grocery, Kroger looks to boost its margins with its new in-house advertising platform, Dollar Tree pushes past the one-dollar price point with new frozen food options, and Tops Markets expands eCommerce access for low-income consumers. Kroger, the United States’ leading pure-play grocer,...
Three key government-released metrics may together explain why consumers’ financial struggles may be more significant now than in previous economic downturns. The most headline-garnering is the weekly jobless claims numbers, furnished by the Department of Labor. The department’s latest figures from Thursday (June 29) showed...
The U.S. economy may seem a monolith — a $23 trillion juggernaut. But dig a little deeper, and patterns emerge — trends that determine where some industries, states and by extension, communities and families, are doing better than others. Recent PYMNTS data estimate that roughly...
After three weeks of increases, America’s unemployment numbers are trending down. Figures released Thursday (June 29) by the U.S. Department of Labor showed initial unemployment claims — typically seen as a sign of layoffs — dropping by 26,000 to 239,000. This decline followed a series...
The Federal Reserve’s chairman says core inflation may not reach the 2% mark until 2025. “It’s going to take some time. Inflation has proven to be more persistent than we expected and not less,” Jerome Powell said Wednesday (June 28). “Of course, if that day...
