Consumer Spending

Samsung: Wearables Sales Soared 30 Pct In 2020
Samsung: Wearables Sales Soared 30 Pct In 2020
November 20, 2020  |  Retail

Wearable device sales have shot up at least 30 percent this year as consumers looked to technology to help them monitor their health during the...

READ MORE >
Ex-Fed Chair Greenspan: Controlling COVID Is The Only Way To Save Economy
Ex-Fed Chair Greenspan: Controlling COVID Is The Only Way To Save Economy
November 20, 2020  |  Coronavirus

Former Federal Reserve Chairman Alan Greenspan said he’s “never seen anything like” the economic challenges incoming President-elect Joe Biden will face amid the pandemic, CNN...

READ MORE >
Grocery Roundup: Ahold Delhaize Acquisition, Another Toilet Paper Rush And A SNAP Explosion
Grocery Roundup: Ahold Delhaize Acquisition, Another Toilet Paper Rush And A SNAP Explosion
November 19, 2020  |  Retail

The biggest grocery shopping weekend of the year is upon us, as it will be the last weekend before the Thanksgiving holiday. Though, as PYMNTS’ recent data have...

READ MORE >
Bain Study: COVID Batters Luxury Goods Sales, Sparks Innovation
Bain Study: COVID Batters Luxury Goods Sales, Sparks Innovation
November 18, 2020  |  Retail

While the ongoing COVID-19 pandemic has hit the luxury goods market hard, it has also spurred underlying change in the business, according to a new...

READ MORE >
Mastercard: More Shoppers Favor Local, Minority-Owned Businesses
Mastercard: More Shoppers Favor Local, Minority-Owned Businesses
November 18, 2020  |  Mastercard

A move to mindful shopping has American consumers favoring small, local stores and those owned by Black merchants, women and other minorities, according to the...

READ MORE >
US Consumers Pay Down $10B In Credit Card Debt In Q3
US Consumers Pay Down $10B In Credit Card Debt In Q3
November 18, 2020  |  Debt

Americans paid off $10 billion in credit card debt in the third quarter (Q3) of 2020, but borrowed more for car and housing loans, according...

READ MORE >
Nearly One Quarter Of Walmart+ Users Are On A Free Trial
Nearly One Quarter Of Walmart+ Users Are On A Free Trial
November 17, 2020  |  Subscriptions

Ever since mid-September when Walmart launched Walmart+, its new subscription service — often referred to as “Walmart’s answer to Amazon Prime” — the question has...

READ MORE >
Alibaba Retail Exec: Chinese Consumers Spending More Amid Pandemic
Alibaba Retail Exec: Chinese Consumers Spending More Amid Pandemic
November 17, 2020  |  Retail

Shoppers in China are making up for lost time, throwing money at luxury goods and cosmetics amid the COVID-19 pandemic, according to a CNBC report...

READ MORE >
October Retail Sales Grew Slower Than Anticipated
October Retail Sales Grew Slower Than Anticipated
November 17, 2020  |  Retail

U.S. retail sales rose 0.3 percent in October to $553.3 billion, missing forecasts but still up for the sixth consecutive month, according to the monthly...

READ MORE >