Consumer Spending

BoA CFO: Consumers Are Spending ‘Robustly,’ Credit in ‘Great Shape’

BoA CFO: Consumers Are Spending ‘Robustly,’ Credit in ‘Great Shape’
BoA CFO: Consumers Are Spending ‘Robustly,’ Credit in ‘Great Shape’
June 13, 2022  |  Economy

Bank of America Chief Financial Officer Alastair Borthwick said customers continue to borrow money and to spend, Bloomberg reported, citing his remarks at a Morgan...

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Today in Retail: Pinterest Buys The Yes to Add AI Capabilities; Walmart Invites UK Retailers to Sell on Its Online Platform
Today in Retail: Pinterest Buys The Yes to Add AI Capabilities; Walmart Invites UK Retailers...
June 13, 2022  |  Retail

Today in retail, Walmart is opening more than 30 new SuperCenters while consumers are buying lower-priced groceries as inflation rises. Plus, U.K. retail sales fell...

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PYMNTS Data: Consumers Switch to Lower-Priced Grocery Brands, Merchants
PYMNTS Data: Consumers Switch to Lower-Priced Grocery Brands, Merchants
June 13, 2022  |  Economy

As grocery prices continue to soar, consumers are adjusting their behaviors. Rather than remaining loyal to their favorite food and beverage brands as they become...

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Today in Data: The Growing Cost of Food and Fuel
Today in Data: The Growing Cost of Food and Fuel
June 13, 2022  |  Today In Data

Today in data, new inflation numbers reflect the increasing cost of paying for food and gasoline. Get the Full Story Complete the form to unlock...

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Retailers Tout Value and Convenience as Consumers Brace for Recession
Retailers Tout Value and Convenience as Consumers Brace for Recession
June 13, 2022  |  Retail

In the face of rising interest rates, record fuel prices, and inflation at a multi-generational high, consumers have begun to prepare for the building economic...

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America’s Soaring Food and Fuel Problem Drives 8.6% Increase in May’s Inflation
America’s Soaring Food and Fuel Problem Drives 8.6% Increase in May’s Inflation
June 10, 2022  |  Economy

Double-digit increases in the price of gasoline and food combined to push the overall Consumer Price Index 8.6% higher in May, a move that not...

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AMZN vs WMT Weekly: Retailers Focus on Holding the Right Inventory
AMZN vs WMT Weekly: Retailers Focus on Holding the Right Inventory
June 10, 2022  |  Retail

After a year of sparse shelves, rampant out-of-stocks and a strained holiday season that saw seasonal sales pulled back to Halloween, it is understandable that...

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PYMNTS AM Radar: Credit Card Debt; Payments Innovation; BNPL Loyalty; Social Commerce; ICYMI
PYMNTS AM Radar: Credit Card Debt; Payments Innovation; BNPL Loyalty; Social Commerce; ICYMI
June 10, 2022  |  Retail

Today is Friday, June 10, and banks are happy that people are finally using credit cards again and letting the balances rack up interest. But...

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