PYMNTS-MonitorEdge-May-2024

nonessential spending

Affirm Sees ‘Tepid’ Demand for Discretionary Goods
Affirm Sees ‘Tepid’ Demand for Discretionary Goods
May 09, 2023  |  Earnings

Affirm Holdings’ latest quarterly results showed double-digit gains in gross merchandise value (GMV), but a pullback in consumer spending in some categories and higher funding...

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40% of Retail Shoppers Have Switched to Cheaper Merchants to Save Money, Study Finds
40% of Retail Shoppers Have Switched to Cheaper Merchants to Save Money, Study Finds
May 05, 2023  |  Retail

Inflation has caused competition in retail and grocery to intensify as businesses fight for a smaller and smaller piece of the revenue pie. More than...

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Discount Subscriptions Combine Consumers’ Two Favorite Features: Convenience and Savings
Discount Subscriptions Combine Consumers’ Two Favorite Features: Convenience and Savings
May 02, 2023  |  Subscription Commerce

Subscriptions considered discretionary were among the first to go when consumers began slashing their budgets and their providers have generally struggled since. Although there have...

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Mondelēz: Chocolate Sales Jump 18% as Consumers Seek Affordable Comforts
Mondelēz: Chocolate Sales Jump 18% as Consumers Seek Affordable Comforts
April 27, 2023  |  Earnings

Amid consumers’ economic anxieties, Mondelēz is seeing chocolate sales rise significantly. Chicago-based multinational snack and confectionery giant Mondelēz International, parent company of a wide range of popular...

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Away Luggage Quiets Talks of Buyout, Shifts Focus to Retail Expansion 
Away Luggage Quiets Talks of Buyout, Shifts Focus to Retail Expansion 
April 26, 2023  |  Retail

In February, Away luggage toyed with the idea of selling. Now, it’s expanding its physical footprint with its latest store opening in San Jose, California,...

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Consumers, Businesses Trim Spending on Phones as Economy Slows
Consumers, Businesses Trim Spending on Phones as Economy Slows
April 20, 2023  |  Earnings

Consumers and businesses are trimming their spending on phones in response to the slowing economy. So said AT&T CEO, President and Director John T. Stankey...

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Airbnb to Begin Requiring Guests to Verify Their IDs
Airbnb to Begin Requiring Guests to Verify Their IDs
February 05, 2023  |  Identity

Airbnb will soon ask customers to verify their identity before booking a reservation. In an interview with CNBC Friday (Feb. 3), Airbnb head of operations...

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Car Dealers Say High Prices Are Scaring Off Buyers
Car Dealers Say High Prices Are Scaring Off Buyers
February 05, 2023  |  Consumer Insights

A spike in the price of new cars has both buyers and auto dealers worried. As The Wall Street Journal (WSJ) reported Saturday (Feb. 4),...

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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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