inflation

Discount Retailers See Sales Upticks as Paycheck-to-Paycheck Shoppers Trade Down
Discount Retailers See Sales Upticks as Paycheck-to-Paycheck Shoppers Trade Down
June 10, 2024  |  Retail

As inflation continues to erode purchasing power, financially unstable consumers, squeezed by higher prices on everything from groceries to gasoline, are increasingly turning to discount...

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Consumer Confidence About Household Finances Highest in 3 Years
Consumer Confidence About Household Finances Highest in 3 Years
June 10, 2024  |  Economy

Consumers are more confident about the prospects for their household’s financial situation and the stock market than they’ve been in three years. The share of...

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eCosmetics Co-Founder Bridges the Trust Gap for Online Beauty Shoppers
eCosmetics Co-Founder Bridges the Trust Gap for Online Beauty Shoppers
June 10, 2024  |  eCommerce

As beauty brands look for ways to gain digital shoppers without being able to offer in-store product trials, eCosmetics is seeing sampling prove vital to...

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Consumers Cut Spending as Financial Safety Nets Fray
Consumers Cut Spending as Financial Safety Nets Fray
June 07, 2024  |  Consumer Finance

Over the years, PYMNTS Intelligence research reveals, fewer and fewer consumers find themselves with savings enough to fall back on, and they are adjusting their...

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Victoria’s Secret Uses Loyalty to Drive Spending Amid Sales Slump
Victoria’s Secret Uses Loyalty to Drive Spending Amid Sales Slump
June 07, 2024  |  Earnings

Victoria’s Secret is taking a more intimate approach to shopper loyalty, aiming to keep budget-conscious shoppers spending with more personalized messaging as they tighten their...

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One-Fifth of Secondhand Shoppers Bought Pre-Owned Furniture Last Year
One-Fifth of Secondhand Shoppers Bought Pre-Owned Furniture Last Year
June 06, 2024  |  Retail

As retailers see consumers trim spending on large-ticket items, many shoppers are turning to secondhand channels to make large purchases such as home furnishings. By...

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Big Lots: Shoppers Are Holding off on Big-Ticket Discretionary Purchases
Big Lots: Shoppers Are Holding off on Big-Ticket Discretionary Purchases
June 06, 2024  |  Earnings

Still feeling strain on their budgets from ongoing macroeconomic challenges, consumers are cutting out pricy nonessential purchases, according to Big Lots. On Thursday (June 6),...

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Five Below: Comparable Sales Slip as Consumers Feel Inflation’s Impact
Five Below: Comparable Sales Slip as Consumers Feel Inflation’s Impact
June 05, 2024  |  Earnings

A pullback in spending by lower-income consumers led to a decline in comparable sales during the first quarter for Five Below. The value retailer’s comparable...

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Record Investment Income Fuels Continued Consumer Spending
Record Investment Income Fuels Continued Consumer Spending
June 05, 2024  |  Economy

Rising investment income, high household wealth and strong employment rates are keeping Americans spending. It’s a phenomenon chronicled Wednesday (June 5) in a report by...

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