As food prices remain elevated, PYMNTS research shows fast food fans are switching to pickup. The Context Quick-service restaurants (QSRs) are seeing their customers opt more for these channels and cut back on delivery in the face of rising price concerns. Domino’s Pizza’s, for instance,...
PYMNTS research finds grocery inflation is felt most acutely by those who already struggle financially. The Context Inflation is affecting grocery shoppers of all income brackets and financial lifestyles. For instance, the United States’ largest grocer, Walmart, shared Tuesday (Feb. 21) on its fourth-quarter earnings...
America’s hoteliers are projecting a busy year despite rising prices for travel and dining. That’s according to a Sunday (Feb. 19) report by The Wall Street Journal, citing recent comments from hotel chain executives. “It is abundantly clear that people love to travel,” Marriott CEO...
We’re going online, more often, to buy the electronic gadgets that keep us online. As noted in our most report on digital commerce, “The Ascent of Digital Wallets,” consumers’ “share” of eCommerce sales across segments saw some of the biggest gains in electronics: 32.1% electronics...
PYMNTS research reveals that consumers turn to restaurants more for everyday meals than pricey indulgences. The Context In recent years, and especially since the start of the pandemic, consumers’ rising demand for convenience has had many turning to restaurants to get premade meals on a...
PYMNTS research reveals that restaurants’ moves to absorb food price increases are escaping diners’ notice. Amid inflation, restaurants have been keeping price increases low relative to their grocery counterparts. Research from the United States Bureau of Labor Statistics (BLS) Consumer Price Index (CPI) releasedTuesday (Feb....
Grocery shoppers are shifting to eCommerce channels, but their reasons vary by generation, PYMNTS research reveals. For PYMNTS’ recent study “Changes in Grocery Shopping Habits and Perception,” we surveyed more than 2,400 U.S. consumers in late December to explore the concerns impacting grocery purchasing behaviors...
As grocery shoppers rethink their spending, PYMNTS data shows older shoppers seek deals the most. The Context As inflation affects consumer spending behavior, many grocers are touting deals and discounts, but while these efforts might be effective for older customers, they will not have the...
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), some dealers say customers were already hesitant due to high prices and a shortage of affordable cars. Rising interest rates...