Consumer Spending

Consumers Say Amazon’s Big Spring Sale Was Stronger Than Walmart+ Week
Consumers Say Amazon’s Big Spring Sale Was Stronger Than Walmart+ Week
April 16, 2024  |  Retail

Last month, Amazon introduced its first-ever Annual Big Spring Sale. Whereas Amazon’s Prime Days events are designed to woo Amazon subscribers into filling their shopping...

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Deal-Seeking eGrocery Customers Prioritize Brand Recognition Over Loyalty
Deal-Seeking eGrocery Customers Prioritize Brand Recognition Over Loyalty
April 16, 2024  |  Retail

When looking for deals online, grocery shoppers want the reassurance of buying from familiar, trusted companies, but they may be willing to sacrifice their loyalty...

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US Retail Inventories Climb in February
US Retail Inventories Climb in February
April 15, 2024  |  Retail

Retail inventories climbed in February after being flat the prior month. According to the Commerce Department’s Monthly Retail Trade and Food Services report released Monday (April...

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March Retail Sales Wrap Solid First Quarter for Consumer Spending
March Retail Sales Wrap Solid First Quarter for Consumer Spending
April 15, 2024  |  Economy

The old adage goes, “March comes in like a lion and goes out like a lamb.” However, for consumer spending, it looks like March came...

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eCommerce Helps Fuel Unexpected Climb in Retail Sales
eCommerce Helps Fuel Unexpected Climb in Retail Sales
April 15, 2024  |  Economy

Retail sales climbed higher than anticipated in March, fueled in part by a jump in eCommerce. Data released Monday (April 15) by the U.S. Department of...

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Volatile Markets, Wealth Effect a Double-Edged Sword for Consumer Spending
Volatile Markets, Wealth Effect a Double-Edged Sword for Consumer Spending
April 12, 2024  |  Economy

The wealth effect giveth, and it taketh away. This week’s stock market volatility, and especially Friday (April 12)’s plummet in the wake of big bank...

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Citigroup Watches Spending; Sees Digital Engagement Rising
Citigroup Watches Spending; Sees Digital Engagement Rising
April 12, 2024  |  Earnings

Citigroup’s latest results took note of continued spending on credit cards but there were some notes of caution in the mix. The earnings materials detailed...

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Wells Fargo Sees Brighter Days for US Consumer Spending
Wells Fargo Sees Brighter Days for US Consumer Spending
April 12, 2024  |  Earnings

The opening week of first-quarter earnings season was billed as a referendum on the state of the U.S. economy, specifically consumer spending. While Wells Fargo didn’t post...

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JPMorgan Card Chargeoffs Rise as Dimon Warns on Inflation
JPMorgan Card Chargeoffs Rise as Dimon Warns on Inflation
April 12, 2024  |  Earnings

Consumers are still spending, but JPMorgan CEO Jamie Dimon, in remarks accompanying the banking giant’s latest earnings Friday (April 12), detailed concerns over inflation’s impact. And...

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