PYMNTS-MonitorEdge-May-2024

economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.

Bargain-Hunting Shoppers Drive Price Wars Among Retailers
Bargain-Hunting Shoppers Drive Price Wars Among Retailers
May 22, 2024  |  Retail

The retail industry is reportedly witnessing a fierce battle among major players as they compete for the attention of bargain-hunting shoppers. For example, Target’s recently announced price...

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TJX: Bargain Shoppers Want ‘Excitement’ From Their Retail Experiences
TJX: Bargain Shoppers Want ‘Excitement’ From Their Retail Experiences
May 22, 2024  |  Earnings

As consumers continue to spend cautiously, TJX is seeing bargain shoppers seek the surprise and delight of its stores’ luck-of-the-draw format, bringing joy in a financially stressful time....

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Target: Consumers’ Splurges on Experiences Cut Into Discretionary Retail Budgets
Target: Consumers’ Splurges on Experiences Cut Into Discretionary Retail Budgets
May 22, 2024  |  Earnings

As consumers look to balance their desire to treat themselves with ongoing economic concerns, Target is seeing shoppers’ shift to discretionary spending on experiences negatively impact their budgets for nonessential...

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Will Walmart and Target Price Cuts Inspire Other Retailers?
Will Walmart and Target Price Cuts Inspire Other Retailers?
May 22, 2024  |  Retail

The past few days have seen two of America’s biggest retailers announce major price cuts. When Target this week said it was cutting prices on thousands of products,...

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30% of US Consumers Count on Side Hustles to Pay the Bills
30% of US Consumers Count on Side Hustles to Pay the Bills
May 21, 2024  |  Consumer Insights

Although inflation is down to 3.3% from its July 2022 peak of 9.1%, many consumers in the United States are still working some kind of side hustle to make...

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Macy’s: Even Luxury Shoppers Are Making ‘Thoughtful’ Choices About Spending
Macy’s: Even Luxury Shoppers Are Making ‘Thoughtful’ Choices About Spending
May 21, 2024  |  Earnings

Economic pressures are driving shoppers to scrutinize their discretionary spending more carefully, according to Macy’s, with even high-income customers showing increased selectivity in their purchases...

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Lowe’s Targets Smaller Pros for Bigger B2B Growth
Lowe’s Targets Smaller Pros for Bigger B2B Growth
May 21, 2024  |  Earnings

The home improvement sector is getting its affairs in order while eyeing a macro improvement. That’s the news from home improvement retailer Lowe’s, which cited softer...

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Consumers Across Financial Lifestyles Want Malls That Fit Their Needs
Consumers Across Financial Lifestyles Want Malls That Fit Their Needs
May 21, 2024  |  Retail

While malls may not often be associated with living the high life, luxury and aspirational shoppers want to get all their retail needs met in...

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Card Delinquencies Keep Falling as Lending Creeps Up
Card Delinquencies Keep Falling as Lending Creeps Up
May 21, 2024  |  Credit Cards

Credit card delinquencies reportedly fell in April amid signs of improved lending activity. That’s according to a report Monday (May 20) from Seeking Alpha, citing...

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