New orders for manufactured durable goods increased by 0.7% in April. Orders increased by $1.9 billion to $284.1 billion during the month, the U.S. Census Bureau said in...
Among consumers who expect to have to dip into their savings this year, most expect to do so to afford items and services they need, rather than to treat...
The high cost of essentials like food, rent and mortgages are weighing on many American consumers, Treasury Secretary Janet Yellen said Thursday (May 23). Yellen said the price increases...
Inflation continues to impact the financial lives of U.S. consumers — with a new Federal Reserve study showing that higher prices have made financial situations...
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...
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...
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,...
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...
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...