Consumer Spending

Fast Food Brands Struggle as Consumer Sentiment Sours
Fast Food Brands Struggle as Consumer Sentiment Sours
July 21, 2024  |  Retail

Restaurant stocks have been struggling this summer, though it’s not quite clear why. As Seeking Alpha reported Sunday (July 21), weakening consumer confidence and consumer...

READ MORE >
Chinese Consumers Remain Cautious, Investing Instead of Spending
Chinese Consumers Remain Cautious, Investing Instead of Spending
July 19, 2024  |  Consumer Finance

Chinese consumers are reportedly choosing to repay debt and buy wealth management products, despite government efforts to get them to spend. The country’s consumers put less...

READ MORE >
Amex Earnings: Gen Z, Millennials Drive Credit Card Volume Growth
Amex Earnings: Gen Z, Millennials Drive Credit Card Volume Growth
July 19, 2024  |  Earnings

American Express earnings released on Friday (July 19) show that consumers continue to spend on experiences — particularly on dining out, and that momentum belongs...

READ MORE >
Discover Financial Sees Card Spending Decline as Consumers Remain ‘Cautious’
Discover Financial Sees Card Spending Decline as Consumers Remain ‘Cautious’
July 18, 2024  |  Earnings

Discover Financial Services reported second-quarter results that indicated consumers are turning to debit transactions, while the company’s card sales slipped year on year. CFO John...

READ MORE >
Gen Z Diners Trade Down to Reduce Restaurant Spend
Gen Z Diners Trade Down to Reduce Restaurant Spend
July 17, 2024  |  Consumer Insights

After years of the youngest consumers shelling out for restaurant meals considerably more than the oldest, the balance has shifted. By the Numbers A PYMNTS...

READ MORE >
US Bancorp: Credit Card Volumes Surge, Loan Delinquencies Stabilize
US Bancorp: Credit Card Volumes Surge, Loan Delinquencies Stabilize
July 17, 2024  |  Earnings

Bank earnings continue to show credit remains a key payments choice. U.S. Bancorp’s earnings, released Wednesday (July 17) indicated that within the company’s payment services...

READ MORE >
Synchrony Sees Digital Mix Key to Navigating Uncertain Environment
Synchrony Sees Digital Mix Key to Navigating Uncertain Environment
July 17, 2024  |  Earnings

In today’s uncertain environment, consumers want one thing: choice. That’s because macroeconomic uncertainty over inflation and interest rates is rocking consumer behavior and affecting big-ticket...

READ MORE >
Amex Urges Merchants to Embrace Digital Loyalty’s Hyper-Personalization Mandate
Amex Urges Merchants to Embrace Digital Loyalty’s Hyper-Personalization Mandate
July 17, 2024  |  Loyalty & Rewards

If a business doesn’t meet its customers’ needs, its competitors will be happy to. That’s increasingly the reality for businesses today. In an era where...

READ MORE >
Five Below CEO Steps Down as Comparable Sales Slip
Five Below CEO Steps Down as Comparable Sales Slip
July 16, 2024  |  Retail

Five Below has announced a leadership transition, with Joel Anderson stepping down from his roles of president and CEO, and from the board of directors,...

READ MORE >