May 31, 2024
Will April’s Dip in Food Prices Give Paycheck-to-Paycheck Consumers a...
Inflation’s heady pace may have slowed a bit, but one wonders if a slight decline in food prices will be enough to make the paycheck-to-paycheck consumer feel more financially comfortable....
May 31, 2024
Amazon Follows Walmart in Slashing Grocery Prices to Gain Share
As Amazon looks to make a dent in Walmart’s share of consumer grocery spending, the eCommerce company is joining the list of retail giants making widespread price cuts to common...
May 30, 2024
Walmart+ Week Set for June 17-23, Promises Members-Only Offers
Walmart will hold its members-only event, Walmart+ Week, June 17 to 23. The event will feature seven days of offers and savings available to Walmart+ members, the retailer said in...
May 30, 2024
Bank of America CEO: Consumers, Businesses Pulling Back on Spending
Brian Moynihan, CEO of Bank of America, said higher inflation and interest rates have dampened consumer and business spending this year. From hardware to software, both consumers and small to...
May 30, 2024
Amazon Prime Air Receives FAA Approval to Expand Drone Delivery
Amazon Prime Air has been granted approval by the Federal Aviation Administration (FAA) to expand its drone delivery operations. This approval allows Prime Air to scale its operations to more...
May 30, 2024
Revised GDP Data Show Consumer Spending May Be Losing Momentum
Economic data frequently comes in stages: There’s the initial estimate, and then a revision. And in the newest reading of how U.S. gross domestic product (GDP) fared in the first...
May 29, 2024
Walmart Encountered Mispricing Issue at Self-Checkout in 1,600 Stores
Walmart reportedly encountered a pricing issue that affected 1,600 of its stores across the United States in March. The internal system failure resulted in widespread mispricing, with some items being...
May 29, 2024
Walmart Exec Details Immersive Experiences in Digital ‘Realm’
Consumers increasingly want immersive eCommerce journeys, and Walmart is launching new digital shopping experiences to meet this demand. In an interview with PYMNTS following the retailer’s launch of gamified marketplace...
May 28, 2024
Shoppers’ Demand for Affordability Shapes Target’s Summer Strategy
As consumers’ shopping behavior continues to be highly motivated by prices, Target is tailoring its summer assortment to these deal seekers’ interests. The retail announced Thursday (May 23) 1,000 new...
