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The U.S. economy contracted for the second consecutive quarter, with gross domestic product (GDP) decreasing at a 0.9% annualized rate after decreasing 1.6% in the first three months of this year, the Bureau of Economic Analysis (BEA) reported on Thursday (July 28). Get the Full Story Complete...
The great softening is upon us. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to...
As food prices continue to inflate in the double digits year over year, customers of all income brackets are considering switching to lower-priced alternatives to their usual favorite grocery retailers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
As food prices skyrocket, the effect on consumers exceeds even that of the already dramatic increases seen in the hard data about these price changes. These impacts are compounded by consumers’ deteriorating financial situations. Get the Full Story Complete the form to unlock this article...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
As grocery retailers observe consumers shifting to private-label items in the face of rising prices, leading food and beverage (F&B) brands are standing their ground, arguing that this trend is not the threat to their business that some might imagine. Get the Full Story Complete...
With the possibility of a Thursday (July 28) report showing the U.S. economy shrank for the second straight quarter, the Biden administration is getting in front of the narrative that the nation is in recession. Get the Full Story Complete the form to unlock this...
