Consumer Spending

Dueling Outlooks Disagree About Discount-Driven Holiday Selling
Dueling Outlooks Disagree About Discount-Driven Holiday Selling
November 23, 2020  |  Retail

Nobel laureate Niels Bohr once quipped, “Prediction is very difficult, especially if it’s about the future.” If he thought physics predictions were tough, try 2020...

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Mastercard’s Vosburg: Trusted Intermediaries Will Drive Consumer Data Aggregation
Mastercard’s Vosburg: Trusted Intermediaries Will Drive Consumer Data Aggregation
November 23, 2020  |  Digital-First Banking

There’s no shortage of consulting advice and press clippings that will state the importance of actionable data for companies as a selling, operational and marketing...

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Vaccine May Spark Inflation Jump As Consumers Spend More
Vaccine May Spark Inflation Jump As Consumers Spend More
November 22, 2020  |  Economy

Consumers freed by a COVID-19 vaccine from the last eight months of disease-related restrictions could unleash enough spending on services such as travel and dining...

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Samsung: Wearables Sales Soared 30 Pct In 2020
Samsung: Wearables Sales Soared 30 Pct In 2020
November 20, 2020  |  Retail

Wearable device sales have shot up at least 30 percent this year as consumers looked to technology to help them monitor their health during the...

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Ex-Fed Chair Greenspan: Controlling COVID Is The Only Way To Save Economy
Ex-Fed Chair Greenspan: Controlling COVID Is The Only Way To Save Economy
November 20, 2020  |  Coronavirus

Former Federal Reserve Chairman Alan Greenspan said he’s “never seen anything like” the economic challenges incoming President-elect Joe Biden will face amid the pandemic, CNN...

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Grocery Roundup: Ahold Delhaize Acquisition, Another Toilet Paper Rush And A SNAP Explosion
Grocery Roundup: Ahold Delhaize Acquisition, Another Toilet Paper Rush And A SNAP Explosion
November 19, 2020  |  Retail

The biggest grocery shopping weekend of the year is upon us, as it will be the last weekend before the Thanksgiving holiday. Though, as PYMNTS’ recent data have...

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Bain Study: COVID Batters Luxury Goods Sales, Sparks Innovation
Bain Study: COVID Batters Luxury Goods Sales, Sparks Innovation
November 18, 2020  |  Retail

While the ongoing COVID-19 pandemic has hit the luxury goods market hard, it has also spurred underlying change in the business, according to a new...

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Mastercard: More Shoppers Favor Local, Minority-Owned Businesses
Mastercard: More Shoppers Favor Local, Minority-Owned Businesses
November 18, 2020  |  Mastercard

A move to mindful shopping has American consumers favoring small, local stores and those owned by Black merchants, women and other minorities, according to the...

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US Consumers Pay Down $10B In Credit Card Debt In Q3
US Consumers Pay Down $10B In Credit Card Debt In Q3
November 18, 2020  |  Debt

Americans paid off $10 billion in credit card debt in the third quarter (Q3) of 2020, but borrowed more for car and housing loans, according...

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