Big Lots is hoping holiday décor will put consumers in a shopping mood. The discount retailer, while announcing its second-quarter earnings Tuesday (Aug. 29), acknowledged that persistent inflation has negatively impacted its financial performance, leading consumers to cut back on discretionary spending. Earlier this month,...
The twin specters of inflation and rising interest rates continue to spook consumer confidence. After losing ground in October, U.S. consumer confidence is doing even worse in November, as soaring prices impact their shopping experiences and cast a pall over the holidays. A New Low...
Consumer purchasing growth for credit cards in October was the lowest of 2022, while growth for debit remained where it has been throughout the year, according to payments credit union service organization (CUSO) PSCU. In addition, holiday spending is off to a slow start, evidenced...
Saying that “we know holiday shopping will be different this year, and we will be managing sales events differently,” Walmart this week announced that its stores will close for Thanksgiving in 2020 – a decision that would have bordered on sacrilegious at any other time....
July 22, 2020
Saying that “we know holiday shopping will be different this year, and we will be managing sales events differently,” Walmart this week announced that its stores will close for Thanksgiving in 2020 – a decision that would have bordered on sacrilegious at any other time. But this holiday season will be far from ordinary. Judging […]
November 15, 2022
Consumer purchasing growth for credit cards in October was the lowest of 2022, while growth for debit remained where it has been throughout the year, according to payments credit union service organization (CUSO) PSCU. In addition, holiday spending is off to a slow start, evidenced by fewer purchases of clothing and sporting goods, PSCU said […]
January 17, 2020
This past Christmas was one for the procrastinators, as people seemed to be more comfortable shopping for gifts much later in the season, according to a report from CNBC. They...
December 16, 2019
Amid the Christmas shipping frenzy, Amazon told sellers that they can no longer use FedEx Ground for Prime shipments due to unpredictable service, the Wall Street Journal reported on Monday (Dec....
December 15, 2019
A German labor union for two Amazon logistics centers is calling for a strike ahead of Christmas demanding higher pay, Reuters reported on Sunday (Dec. 15). The labor union Verdi,...
