Consumer Spending

Mastercard: More Shoppers Favor Local, Minority-Owned Businesses

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...

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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...

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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...

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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...

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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...

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Can Low Credit Card Balances Save Holiday Spending? Don’t Bet On It
Can Low Credit Card Balances Save Holiday Spending? Don’t Bet On It
November 16, 2020  |  Retail

Here’s the scenario. Consumers have cut back on travel, in-person entertainment and restaurant spend. They have paid down their credit cards. Then they will use...

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US Restaurants Face Uncertain Winter Amid Pandemic
US Restaurants Face Uncertain Winter Amid Pandemic
November 16, 2020  |  Retail

As the coronavirus surges in the United States, restaurants across the country are bracing for both more restrictions and the coming danger of more infections....

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Moderna Solved The Supply Chain Problem, But Will Consumers Embrace A COVID-19 Vaccine?
Moderna Solved The Supply Chain Problem, But Will Consumers Embrace A COVID-19 Vaccine?
November 16, 2020  |  Coronavirus

With COVID-19’s worldwide case count officially exceeding 11 million and waves of closures sweeping U.S. states in an attempt to stifle the resurgent threat, an...

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PayPal Teams With Queer Eye Star On BNPL Marketing
PayPal Teams With Queer Eye Star On BNPL Marketing
November 16, 2020  |  Buy Now Pay Later

PayPal is working with Bobby Berk of Queer Eye fame to help Americans stuck at home amid the ongoing pandemic find new ways to decorate...

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