Consumer Spending

89% of Consumers Feel Inflation at the Grocery Store

89% of Consumers Feel Inflation at the Grocery Store
89% of Consumers Feel Inflation at the Grocery Store
October 19, 2022  |  Economy

Inflation is weighing heavy on consumers’ minds, and rarely are they as aware of rising prices than when browsing the aisles at their local grocery...

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Delivery Startup Gopuff Cuts Hundreds of Jobs
Delivery Startup Gopuff Cuts Hundreds of Jobs
October 19, 2022  |  Delivery

Philadelphia, Pennsylvania-based delivery startup Gopuff has cut hundreds of workers as part of an earlier round of layoffs over the summer. Get the Full Story...

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As Inflation Rages, Walmart Announces Month-Long Sales Event
As Inflation Rages, Walmart Announces Month-Long Sales Event
October 19, 2022  |  Retail

Walmart is expanding its Black Friday deals for the entire month of November in a bid to get customers excited about shopping at a time...

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Gen Z Takes the Connected Commerce Torch From Millennials
Gen Z Takes the Connected Commerce Torch From Millennials
October 18, 2022  |  Retail

After years of obsessing over the buying behavior of millennials, retailers and brands are now pivoting to the next big thing, specifically, the Generation Z...

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Hasbro Sees Increasing Consumer Price Sensitivity and Reliance on Promotion
Hasbro Sees Increasing Consumer Price Sensitivity and Reliance on Promotion
October 18, 2022  |  Retail

For a business that’s been selling toys and games for 99 years, Rhode Island-based Hasbro — which now calls itself a “branded entertainment” company — is...

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Nordstrom Finance Chief Anne Bramman to Step Down
Nordstrom Finance Chief Anne Bramman to Step Down
October 18, 2022  |  Retail

After five years in the role, Nordstrom Chief Financial Officer Anne Bramman will resign in December, the luxury department store chain announced Monday (Oct. 17)....

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Conn’s CEO Chandra Holt Resigns as Retailer Faces 23% Drop in Revenue
Conn’s CEO Chandra Holt Resigns as Retailer Faces 23% Drop in Revenue
October 18, 2022  |  Retail

After a little more than a year on the job, Chandra Holt has stepped down as president and CEO of furniture, appliance and electronics retailer...

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Bank of America: Zelle Transactions Replace ‘the Check Is in the Mail’
Bank of America: Zelle Transactions Replace ‘the Check Is in the Mail’
October 17, 2022  |  Earnings

Bank of America’s latest earnings results show that consumers’ embrace of digital banking — particularly P2P transactions — continues to grow by double-digit percentages. Get...

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40% of Millennials ‘Very’ Interested in Super Apps
40% of Millennials ‘Very’ Interested in Super Apps
October 17, 2022  |  Connected Economy

The super app — and, with it, one-stop mobile control over a broad range of everyday activities online and offline — is poised to receive...

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