Consumer Spending

Oct Retail Sales up 1.3% to 8-Month High Heading Into Holiday Season

Oct Retail Sales up 1.3% to 8-Month High Heading Into Holiday Season
Oct Retail Sales up 1.3% to 8-Month High Heading Into Holiday Season
November 16, 2022  |  Economy

Americans are heading into the holiday shopping season spending more on essentials like food and gas, as well as big-ticket items like cars and discretionary...

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NY Fed: Household Debt Climbs to $16.5T
NY Fed: Household Debt Climbs to $16.5T
November 16, 2022  |  Debt

New data from the Federal Reserve Bank of New York shows American household debt continuing to climb, with credit card balances jumping at their largest...

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Subscriptions Front and Center of Consumers’ Essential Non-Essential Debate
Subscriptions Front and Center of Consumers’ Essential Non-Essential Debate
November 16, 2022  |  Subscription Commerce

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Mastercard Projects 15% Growth in Black Friday Spending
Mastercard Projects 15% Growth in Black Friday Spending
November 15, 2022  |  Retail

Mastercard is offering a sunny forecast for Black Friday, with its SpendingPulse report projecting a 15% growth in retail sales on the day after Thanksgiving. Get...

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Airbnb and Booking.com Lock Horns for Top Spot in Travel Apps
Airbnb and Booking.com Lock Horns for Top Spot in Travel Apps
November 15, 2022  |  Connected Economy

In this month’s edition of PYMNTS’ Provider Rankings of Travel Apps, a handful remains in the same spot as before, although one new name has...

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Neobank Varo Begins Offering Zelle Access
Neobank Varo Begins Offering Zelle Access
November 15, 2022  |  Digital-First Banking

Varo will offer the peer-to-peer payment network Zelle as part of its mobile app, the digital bank announced Tuesday (Nov. 15). Get the Full Story Complete the form...

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Walmart Says Inventory is Down and $100K+ Shoppers Are Up
Walmart Says Inventory is Down and $100K+ Shoppers Are Up
November 15, 2022  |  Retail

The country’s largest retail chain said Tuesday that its efforts to reduce inventory were paying off thanks in part to an increase in customers seeking...

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Strong Home Improvement Demand Powers Home Depot’s Q3
Strong Home Improvement Demand Powers Home Depot’s Q3
November 15, 2022  |  Retail

Despite inflation, supply chain snags and a tight labor market, Home Depot enjoyed an increase in sales in its third quarter due to continued demand...

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Royal Bank of Canada Adds Installments Enabled by Visa
Royal Bank of Canada Adds Installments Enabled by Visa
November 14, 2022  |  Digital-First Banking

Aiming to meet the evolving needs of consumers and merchants, the Royal Bank of Canada (RBC) has become the latest issuer to add installment plans...

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