Consumer Spending

Shopify Sees Merchant Exodus Amid Decline in Consumer Spending

Shopify Sees Merchant Exodus Amid Decline in Consumer Spending
Shopify Sees Merchant Exodus Amid Decline in Consumer Spending
August 08, 2022  |  eCommerce

Businesses dealing with high costs and a decline in consumer spending have begun to move away from eCommerce platform Shopify. Get the Full Story Complete...

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Nearly Two-Thirds of Consumers Are Uncertain About Their Ability to Afford Food
Nearly Two-Thirds of Consumers Are Uncertain About Their Ability to Afford Food
August 08, 2022  |  Consumer Finance

As food costs rise and the economy heads for a recession, many consumers are becoming anxious about whether they will be able to keep food...

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Blue Apron CEO: Meal Kit Customers Take Price Increases on the Chin
Blue Apron CEO: Meal Kit Customers Take Price Increases on the Chin
August 08, 2022  |  Earnings

As inflation continues and the impending recession weighs heavy on consumers’ minds, many are making changes to their food purchasing. However, meal kit company Blue...

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Rise of Concept Stores Continues As Abercrombie Tests New ‘Getaway’ Brand
Rise of Concept Stores Continues As Abercrombie Tests New ‘Getaway’ Brand
August 08, 2022  |  Retail

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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The Data Point: 56% of Paycheck-to-Paycheck Consumers Cancel Doctor Visits Over Cost
The Data Point: 56% of Paycheck-to-Paycheck Consumers Cancel Doctor Visits Over Cost
August 08, 2022  |  Consumer Finance

As inflation cuts into every aspect of affordability, consumers are not just cutting back on nonessentials, they’re also canceling medical appointments due to cost concerns....

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A ‘Tale of Two Halves’ as Paycheck-to-Paycheck Consumers Feel Added Financial Strain
A ‘Tale of Two Halves’ as Paycheck-to-Paycheck Consumers Feel Added Financial Strain
August 08, 2022  |  Consumer Finance

Cold inflationary winds are ruining warm summer fun for millions of consumers as new data reveals that 13% of Americans have spent more than they...

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Luxury Brands Spread Out Across US as New Wealth Centers Emerge
Luxury Brands Spread Out Across US as New Wealth Centers Emerge
August 07, 2022  |  Retail

Luxury brands like Gucci and Chanel have been expanding their horizons, opening locations in U.S. cities where they never used to do business. Get the...

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53% of Consumers Say They Are Financially Worse Off Than Last Year
53% of Consumers Say They Are Financially Worse Off Than Last Year
August 05, 2022  |  Connected Economy

Inflation runs rampant, at levels not seen in decades.   Earnings reports continue to roll in, complete with cautious management commentary: Though consumers are still spending,...

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