PYMNTS-MonitorEdge-May-2024

holiday spending

Mobile Set to Overtake Desktop in $221 Billion Holiday Shopping Season
Mobile Set to Overtake Desktop in $221 Billion Holiday Shopping Season
October 05, 2023  |  eCommerce

This year’s holiday shopping season will belong to mobile sales and buy now, pay later. That’s according to Adobe, which on Thursday (Oct. 5) released...

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Trade-Offs and Trade-Downs May Be Keys to Getting the Holiday Shopping Done
Trade-Offs and Trade-Downs May Be Keys to Getting the Holiday Shopping Done
September 27, 2023  |  Consumer Finance

With October just about to dawn, many stores are already prodding consumers to think about the holiday shopping season, where December looms as a make-or-break...

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Holiday Season Creates Financial Stress for Two-Thirds of US Consumers
Holiday Season Creates Financial Stress for Two-Thirds of US Consumers
September 27, 2023  |  Consumer Finance

Living paycheck to paycheck continues to be the predominant financial lifestyle in the United States, even as inflation has slowed. As of August 2023, 60%...

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Mastercard Forecasts Higher Holiday Spending
Mastercard Forecasts Higher Holiday Spending
September 19, 2023  |  Retail

Mastercard is predicting a “rebalancing” in consumer spending for the 2023 holiday season. The company on Tuesday (Sept. 19) announced that its SpendingPulse shows retail sales increasing...

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Retailers Scale Back Holiday Hiring as Consumers Grow Uneasy
Retailers Scale Back Holiday Hiring as Consumers Grow Uneasy
September 17, 2023  |  Retail

American retailers are set to hire the lowest level of seasonal holiday workers in 15 years. That’s according to an article Friday (Sept. 15) by Reuters,...

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Big Lots Banks on Holiday Shopping to Bounce Back From Weak Q2
Big Lots Banks on Holiday Shopping to Bounce Back From Weak Q2
August 30, 2023  |  Retail

Big Lots is hoping holiday décor will put consumers in a shopping mood.   The discount retailer, while announcing its second-quarter earnings Tuesday (Aug. 29), acknowledged...

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27% of US Consumers Pulled Money From Savings to Manage Credit Card Debt
27% of US Consumers Pulled Money From Savings to Manage Credit Card Debt
February 28, 2023  |  Consumer Finance

Rising prices continue to affect consumers’ purchasing power, making it more difficult for those in all income levels to live within their means, put aside...

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LendingClub Says Wealthier Consumers Adjusting to Inflation’s ‘New Reality’
LendingClub Says Wealthier Consumers Adjusting to Inflation’s ‘New Reality’
February 09, 2023  |  Economy

More of us are living paycheck to paycheck — straining to make ends meet — than at any point since the pandemic. “I was shocked...

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Report: Global Smartphone Sales See Largest Drop Ever
Report: Global Smartphone Sales See Largest Drop Ever
January 29, 2023  |  Consumer Insights

Smartphone sales fell worldwide last year as consumers grew more cautious in their spending. That’s according to a recent report by market research firm IDC, which...

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