Consumer Spending

Gen Z Takes the Connected Commerce Torch From Millennials

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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JPMorgan: Consumer Savings Suffer as Spending Outpaces Income
JPMorgan: Consumer Savings Suffer as Spending Outpaces Income
October 14, 2022  |  Earnings

Consumers are continuing to spend. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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Amazon, Walmart Focus on Groceries, Earnings After Pre-Season Sales
Amazon, Walmart Focus on Groceries, Earnings After Pre-Season Sales
October 14, 2022  |  Retail

Last week’s brief pre-season promotional push of big-screen TVs and gadgets has instantly and unceremoniously been replaced by both retailers with a mix of Hauntingly...

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Stubborn Inflation Continues Devouring Retail Sales as Consumers Grow Cautious 
Stubborn Inflation Continues Devouring Retail Sales as Consumers Grow Cautious 
October 14, 2022  |  Economy

People are thinking twice before opening their wallets as inflation continues to run rampant, devouring retail sales in most categories last month and aligning with...

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