Consumer Spending

Fed: Vaccines, Relaxed Social Distancing Boost Economy, But Companies Still Have Trouble Hiring

Fed: Vaccines, Relaxed Social Distancing Boost Economy, But Companies Still Have Trouble Hiring
Fed: Vaccines, Relaxed Social Distancing Boost Economy, But Companies Still Have Trouble Hiring
June 02, 2021  |  Economy

The Federal Reserve said Wednesday (June 2) that the U.S. economy grew at a moderate clip between early April and late May, according to the...

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SMBs And The Consumer Loyalty Challenge Worldwide
SMBs And The Consumer Loyalty Challenge Worldwide
June 02, 2021  |  SMBs

In theory, the pandemic period has done wonders to boost consumers’ connections to their local businesses worldwide. When PYMNTS, in cooperation with Pollinate, surveyed 4,519...

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Boost In April Consumer Spending Shows Shift To Services Over Goods
Boost In April Consumer Spending Shows Shift To Services Over Goods
May 28, 2021  |  Economy

Consumer spending went up 0.5 percent in April to $80.3 billion, with a $112.6 billion boost in the services sector that helped offset a $32.3...

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Emerging Developments In Retail And Loyalty
Emerging Developments In Retail And Loyalty
May 28, 2021  |  Today In Data

Best Buy’s earnings showed the positive impact of the stay-at-home economy, with the electronics retailer reporting rising sales in its most recent quarter. In retail trends, discounters...

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LendingClub CEO: Getting Ready For The US Consumer’s ‘Great Normalization’
LendingClub CEO: Getting Ready For The US Consumer’s ‘Great Normalization’
May 28, 2021  |  Economy

The pandemic is moving into the rearview mirror. And a cursory read of the headlines may make it seem that we’re headed out from under...

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Getting Clever About Fighting Cart Abandonment
Getting Clever About Fighting Cart Abandonment
May 27, 2021  |  eCommerce

We’ve all done it. Maybe we were shopping online, and the phone rang, and we wandered off and forgot. Maybe we filled the cart up,...

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Best Buy Earnings Show Positive Impact Of Stay-at-Home Economy
Best Buy Earnings Show Positive Impact Of Stay-at-Home Economy
May 27, 2021  |  Retail

Amid the pandemic, we want our electronics – the TVs, tablets and devices keeping us tethered, at least digitally, to family and friends and binge-watching...

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Lime Debuts Subscription Service To Give Perks To Frequent Riders
Lime Debuts Subscription Service To Give Perks To Frequent Riders
May 27, 2021  |  Subscriptions

Shared electric vehicle provider Lime will roll out a new monthly subscription service called Lime Prime, which will reduce ride fees and waive unlock fees...

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Restaurant Spending On The Rise Despite Initial ‘Sticker Shock’
Restaurant Spending On The Rise Despite Initial ‘Sticker Shock’
May 25, 2021  |  Restaurant innovation

After being devastated by the pandemic, the restaurant industry is coming back, fueled by the vaccine rollout, changing health restrictions, and in some cases by...

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