nonessential spending

Online Sales Plateau as Consumer Spending Focuses on Gas and Groceries
Online Sales Plateau as Consumer Spending Focuses on Gas and Groceries
September 14, 2023  |  Economy

Consumers are in the aisles, spending on groceries, the clothes on their backs — and at brick-and-mortar locales, pivoting a bit from online channels. At...

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Nearly 30% of High Earners Cite Nonessential Spending as Reason for Paycheck-to-Paycheck Lifestyle
Nearly 30% of High Earners Cite Nonessential Spending as Reason for Paycheck-to-Paycheck Lifestyle
September 14, 2023  |  Consumer Finance

Living paycheck to paycheck is a harsh reality for millions of individuals in the U.S., and nonessential spending plays a key role in adding to...

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Apple to Unveil Pricier Phones as Consumers Avoid Big Ticket Items
Apple to Unveil Pricier Phones as Consumers Avoid Big Ticket Items
September 10, 2023  |  Apple

This week, Apple will unveil new products that include the fifteenth iteration of its iPhone. And as a Bloomberg News report Sunday (Sept. 10) notes,...

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Even Financially Struggling Consumers Continue to Dine Out 
Even Financially Struggling Consumers Continue to Dine Out 
August 31, 2023  |  Consumer Insights

Rising menu prices and overall economic pressures may continue to weigh heavy on consumers, but even those who have difficulty getting by are still willing...

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Budgets May Be Tight but Two-Thirds of Paycheck-to-Paycheck Consumers Continue to Splurge
Budgets May Be Tight but Two-Thirds of Paycheck-to-Paycheck Consumers Continue to Splurge
August 30, 2023  |  Consumer Finance

Inflationary pressures have yet to abate fully, making it necessary for many United States consumers to adjust their lifestyles to live within their means. Even...

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Apparel Producers Prep for Shrinking Sales as Consumers Cut Back
Apparel Producers Prep for Shrinking Sales as Consumers Cut Back
June 19, 2023  |  Retail

Clothing brands are reportedly cutting back on orders in anticipation of weakening sales. As Bloomberg News reported Friday (June 16), factory owners say they’ve seen...

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Consumption Becomes Controversial as One-Third of Consumers Won’t Quit Pricey Purchases
Consumption Becomes Controversial as One-Third of Consumers Won’t Quit Pricey Purchases
June 04, 2023  |  Consumer Insights

Affording luxury has taken on a new meaning, as many consumers have cut out all but the essentials.  As noted earlier this month (May 14) by...

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Chewy’s Recurring Orders Drive Growth and Investor Enthusiasm
Chewy’s Recurring Orders Drive Growth and Investor Enthusiasm
June 02, 2023  |  Retail

Chewy stock experienced its most significant surge in nearly four years following the pet-products retailer’s sales performance that surpassed expectations. The company’s stock received a...

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Costco Reports Sales Growth Slows as Consumers Reduce Discretionary Purchases
Costco Reports Sales Growth Slows as Consumers Reduce Discretionary Purchases
May 25, 2023  |  Retail

Costco’s comparable sales growth has slowed as consumers reduce their purchases of discretionary items. The membership warehouse club’s comp sales rose 0.3% year over year...

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