PYMNTS-MonitorEdge-May-2024

holiday shopping

Digital Gift Cards Popular as Consumers Balance Giving and Budgeting This Holiday
Digital Gift Cards Popular as Consumers Balance Giving and Budgeting This Holiday
November 23, 2023  |  Consumer Insights

Amid the festive cheer, the holiday season is also accompanied by economic uncertainties and inflationary pressures. Consequently, numerous consumers in the United States are gearing...

READ MORE >
Temu and Shein Struggle to Convert Visits Into Transactions 
Temu and Shein Struggle to Convert Visits Into Transactions 
November 22, 2023  |  eCommerce

Online retailers Temu and Shein reportedly draw millions of visitors to their websites but struggle to convert those visits to sales.  Despite their popularity, the two retailers still lag...

READ MORE >
Retailers Expect Interest Rates and Inflation to Slow Holiday Spending
Retailers Expect Interest Rates and Inflation to Slow Holiday Spending
November 21, 2023  |  Retail

Retailers are reportedly bracing for a tough holiday season, with economic demand slowing and outlooks mixed. Despite offering higher discounts and competitive promotions, retailers are...

READ MORE >
1 in 5 of Consumers Without Paycheck Pressures Still Plan to Finance Holiday Purchases
1 in 5 of Consumers Without Paycheck Pressures Still Plan to Finance Holiday Purchases
November 21, 2023  |  Consumer Finance

As the holidays near, balancing tight budgets with the festive spirit can become a challenge. Which is why traditionally, many consumers turn to credit to...

READ MORE >
Kohl’s, Simon Property and Klarna Sprinkle AI Magic to Boost Holiday Spend 
Kohl’s, Simon Property and Klarna Sprinkle AI Magic to Boost Holiday Spend 
November 21, 2023  |  Retail

The addition of artificial intelligence (AI) is proving to be a holiday miracle for brands, retailers and even payment providers, reshaping the way they connect...

READ MORE >
Study Finds Non-Gift Holiday Spending to Drop 26% as Consumers Trim Budgets
Study Finds Non-Gift Holiday Spending to Drop 26% as Consumers Trim Budgets
November 21, 2023  |  Retail

The average holiday shopper anticipates spending roughly $860 this year on non-gift holiday purchases such as live entertainment or retail products for personal use —...

READ MORE >
4 in 10 Consumers Plan to Tap Into Savings to Cover Holiday Expenses
4 in 10 Consumers Plan to Tap Into Savings to Cover Holiday Expenses
November 20, 2023  |  Consumer Finance

One month before the start of the holiday season, 60% of consumers lived paycheck to paycheck. Nineteen percent struggle to pay their monthly bills. These...

READ MORE >
Retailers Rethink Promotions Ahead of Shopping’s ‘Super Bowl’
Retailers Rethink Promotions Ahead of Shopping’s ‘Super Bowl’
November 19, 2023  |  Retail

Some retailers are reportedly reexamining their promotional strategies to stave off a muted holiday season. “It’s our Super Bowl,” Tapestry finance chief Scott Roe said of the holiday shopping...

READ MORE >
Price Hikes No Longer ‘Badge of Honor’ in Cooling Economy
Price Hikes No Longer ‘Badge of Honor’ in Cooling Economy
November 16, 2023  |  Retail

Prices are finally coming down at many retailers. Consumers still may not feel relieved. A report Thursday (Nov. 16) by The Wall Street Journal (WSJ)...

READ MORE >