Although consumers are making purchases, the reluctance to spend remains prevalent. As such, brands and retailers are trying new ways to entice consumers to shop while also offering methods to facilitate refunds. The most recent approach involves the utilization of Flexible Spending Accounts (FSAs). While...
The world’s largest convenience store chains are leveraging their apps to drive traffic and personalize their marketing to consumers’ individual habits and preferences. For instance, Casey’s General Stores shared in an investor presentation Monday (Dec. 11) accompanying its second-quarter fiscal 2024 financial results that its...
Nestle, the maker of Quality Street, and Mondelez, the owner of Cadbury, are experiencing increased sales of confectionery in the United Kingdom this holiday season. Cash-strapped shoppers, looking for more affordable gifts, are turning to chocolate instead of expensive toys and gadgets, Reuters reported Monday (Dec. 11). Despite price rises,...
Toy company Hasbro will be laying off another 900 people, about a year after saying it would eliminate 1,000 positions from its global workforce. The latest job cuts will be made over the next 18 to 24 months, Hasbro said in a Monday (Dec. 11) filing with the Securities and...
The National Retail Federation (NRF) says the holiday shopping season got off to a strong start. The federation’s Retail Monitor, produced in tandem in CNBC and released Monday (Dec. 11), showed retail sales making strong gains, the organization said in a news release. “November Retail Monitor data...
If you read the Y2K piece on PYMNTS late last month, you’d be aware that millennials are facing unique challenges in meeting their financial needs. Based on research from PYMNTS Intelligence in collaboration with LendingClub, as of September 2023, 62% of millennials in the United States are managing...
In the age of digital supremacy, Generation Z has positioned itself as the vanguard of a fresh wave of consumer habits. Growing up amid smartphones, social media, and immediate connectivity, Gen Z isn’t merely digitally adept — they’re consummate shoppers. This technologically savvy cohort isn’t...
A group of investors reportedly wants to make department store chain Macy’s a private company. Real estate investment firm Arkhouse Management and Brigade Capital Management, a global asset manager, made a $5.8 billion bid for shares of the company they don’t own, The Wall Street...
At auto dealerships around the country, electric cars have reportedly become a hard sell. Consumers are worried about the price, range and reliability of these vehicles, The Wall Street Journal reported Sunday (Dec. 10), citing interviews with dealers. Among them is Paul LaRochelle, a vice president...
