PYMNTS-MonitorEdge-May-2024

inflation

Millennials Are Most Prepared to Trade Down to Private Label
Millennials Are Most Prepared to Trade Down to Private Label
June 20, 2024  |  Consumer Insights

As merchants step up their own-brand offerings, PYMNTS Intelligence research finds that across grocery and retail, millennials prove the most eager to find more affordable...

READ MORE >
Darden Sees Fine-Dining Comparable Sales Drop Amid Inflation, Job Concerns
Darden Sees Fine-Dining Comparable Sales Drop Amid Inflation, Job Concerns
June 20, 2024  |  Earnings

Darden Restaurants saw its same-store sales slip at its fine dining locations amid consumers’ concerns about inflation and the job market. Rick Cardenas, president and...

READ MORE >
Kroger Sees Private-Label Push Bring Low-Income Shoppers Back
Kroger Sees Private-Label Push Bring Low-Income Shoppers Back
June 20, 2024  |  Earnings

With ongoing financial challenges affecting consumers very differently depending on their financial standing, Kroger is seeing its initiative to improve its private-label offerings prove key...

READ MORE >
Consumers Send Mixed Messages on May Retail Spend
Consumers Send Mixed Messages on May Retail Spend
June 18, 2024  |  Economy

Retail sales for the month of May signal a consumer slowdown overall — and some mixed trends among discretionary categories. The data released Tuesday (June...

READ MORE >
Amazon Teases Early Prime Day Deals as Sales Seasons Lengthen
Amazon Teases Early Prime Day Deals as Sales Seasons Lengthen
June 17, 2024  |  Retail

With consumers shifting their spending to key seasonal sales moments, merchants are extending their discount events, with Amazon dropping hints for “early Prime Day deals”...

READ MORE >
Consumer Sentiment on Personal Finances Dips Due to Inflation
Consumer Sentiment on Personal Finances Dips Due to Inflation
June 14, 2024  |  Consumer Insights

In 2024, a few key concerns bubble consistently to the top of the list for the paycheck-to-paycheck economy. The PYMNTS Intelligence report “New Reality Check:...

READ MORE >
The One Thing All Parents Have In Common: They Don’t Scrimp on Baby Products
The One Thing All Parents Have In Common: They Don’t Scrimp on Baby Products
June 13, 2024  |  Retail

As consumers look for ways to cut back their retail spending, many are willing to make sacrifices on product quality, but not when it comes...

READ MORE >
Yellen: US Labor Market Has Become ‘More Normal’
Yellen: US Labor Market Has Become ‘More Normal’
June 13, 2024  |  Economy

America’s job market is starting to resemble its pre-pandemic self, says Treasury Secretary Janet Yellen. Speaking to CNBC Thursday (June 13), Yellen also noted that cooling...

READ MORE >
Foreign Card Use Brings US Dollars Back to Venezuela
Foreign Card Use Brings US Dollars Back to Venezuela
June 13, 2024  |  International

Foreign credit card transactions are reportedly bringing more foreign currency into inflation-plagued Venezuela. That’s according to a report Thursday (June 13) by Reuters, citing four public sector...

READ MORE >