Consumer Spending

Amazon Will Outgrow Walmart 3-to-1 Over Next Five Years

Amazon Will Outgrow Walmart 3-to-1 Over Next Five Years
Amazon Will Outgrow Walmart 3-to-1 Over Next Five Years
May 03, 2021  |  Retail

New research by PYMNTS shows that the long, steady revenue uptrend Amazon has posted over the past decade is set to continue and accelerate, not...

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US Household Income Spikes 21.1 Pct In March
US Household Income Spikes 21.1 Pct In March
May 02, 2021  |  Economy

Big news in the U.S. last week as figures from the Census Bureau and Treasury Department pointed to an economic recovery gaining momentum as the...

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Economists Revise US, Eurozone Forecasts Upward
Economists Revise US, Eurozone Forecasts Upward
May 02, 2021  |  Economy

Large economic powers like the U.S. and Europe have good-sized chances at recovering lost ground from the pandemic by the end of 2021, the Financial...

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Foot Traffic In Clothing Stores Approaches Pre-Pandemic Levels
Foot Traffic In Clothing Stores Approaches Pre-Pandemic Levels
May 02, 2021  |  Retail

Apparel stores are seeing more demand now as people start to go out more often, The Wall Street Journal reported on Sunday (May 2). The...

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Stimulus Checks Power Record-Breaking Household Income Boost
Stimulus Checks Power Record-Breaking Household Income Boost
April 30, 2021  |  Economy

U.S. household income escalated 21.1 percent in March, fueled in part by federal relief funds, vaccinations, and the easing of restrictions from the COVID-19 pandemic, The...

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Vaccine Rollout Prompts CPG Brands To Look Toward Away-From-Home Offerings
Vaccine Rollout Prompts CPG Brands To Look Toward Away-From-Home Offerings
April 30, 2021  |  Retail

As newly vaccinated consumers return to activities enjoyed in pre-pandemic life, brands that have struggled through the last 13 months have an opportunity to re-establish...

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How We Pay 2021: BNPL And Credit Cards Are Magic Mixture For Millennials
How We Pay 2021: BNPL And Credit Cards Are Magic Mixture For Millennials
April 29, 2021  |  Buy Now Pay Later

If you’re looking for the runaway payments success stories of the past few years, the earth-shaker isn’t spendable crypto, points or anything exotic. Buy now,...

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Consumer Spending Drives 6.4 Pct First-Quarter GDP Growth
Consumer Spending Drives 6.4 Pct First-Quarter GDP Growth
April 29, 2021  |  Economy

First-quarter U.S. gross domestic product (GDP) expanded by 6.4 percent, topping fourth-quarter growth of 4.3 percent in 2020 and marking the biggest first-quarter increase in...

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Mastercard: Domestic Spend At Pre-Pandemic Levels
Mastercard: Domestic Spend At Pre-Pandemic Levels
April 29, 2021  |  Earnings

On the heels of Visa’s report earlier in the week, Mastercard posted results Thursday (April 29) that showed continued growth in debit spending, though credit...

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