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), the discount home goods retailer, which has more than 1,300 locations across the country, reported lower-than-expected first-quarter fiscal 2024 financial...
Costco is weighing a raise in its membership fee, and plans to add new warehouses and expand partnerships amid rising sales, the retailer said Thursday (May 30) in its quarterly earnings report. During the quarter ended May 12, Costco’s net sales increased 9.1% year over...
As a pulse check on the paycheck-to-paycheck consumer, Dollar General’s most recent Q1 earnings showed that one of the economy’s most closely watched demographic groups is still undergoing changes. By posting better-than-expected revenue, the 19,000-store chain showed more consumer visits compared to 2023, but a...
Nonessential spending is far from the No. 1 reason that consumers struggle with financial instability, but for a significant share of those living paycheck to paycheck, these nice-to-have purchases are at least partially to blame. By the Numbers The PYMNTS Intelligence study “New Reality Check:...
September 17, 2024
Consumers are still spending, but the pace — at least as detailed in the latest retail sales report from the Census Bureau for August — is slowing. And for the last full month of summer, perhaps to beat the heat, consumers stayed in and clicked the buy button. It might be the case that consumers […]
April 17, 2024
Eight times each year the Fed publishes what’s known as the Beige Book — a qualitative take from each of the 12 federal bank districts. The assessments cover everything from...
July 07, 2023
United States consumers take out student loans in hopes that a college education for their children or themselves will contribute to a higher income later in life. The underlying assumption...
May 30, 2024
Costco is weighing a raise in its membership fee, and plans to add new warehouses and expand partnerships amid rising sales, the retailer said Thursday (May 30) in its quarterly earnings report. During the quarter ended May 12, Costco’s net sales increased 9.1% year over year, while comparable sales rose 6.6%, according to a Thursday earnings […]
May 08, 2024
With revenues sliding, Qurate Retail is focused on women over 50 and their discretionary income. The parent company of QVC and HSN on Wednesday (May 8) released quarterly earnings showing its revenues declining 4% year over year,...
May 07, 2024
In a challenging market environment, Match Group, the parent company of dating apps Tinder, Hinge and OkCupid, is reportedly expecting lower than estimated quarterly revenue. The Dallas-based company has been grappling with weaker discretionary spending by users...
June 19, 2023
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 significant declines in retailers’ holiday...
