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 orders, with at least one company that works with major brands expecting a plunge in...
The debt ceiling deal didn’t happen soon enough to prevent a decline in consumer confidence. While President Joe Biden announced Sunday (May 28) an agreement on the budget, the weekslong standoff over the debt ceiling helped cause consumer sentiment to decline, according to the University of Michigan’s...
Shoppers still want prepared meals at the supermarket, even as they see food prices skyrocket. In fact, consumers perceive the price increases for prepared foods to be roughly four times what they actually are. Research from the latest edition of PYMNTS’ Consumer Inflation Sentiment...
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 orders, with at least one company that works with major brands expecting a plunge in demand. “You can really see the anxiety in the apparel […]
May 28, 2023
The debt ceiling deal didn’t happen soon enough to prevent a decline in consumer confidence. While President Joe Biden announced Sunday (May 28) an agreement on the budget, the weekslong standoff...
