inflation

Trouble Brews for Starbucks Competitors With Shift to at-Home Coffee

Trouble Brews for Starbucks Competitors With Shift to at-Home Coffee
Trouble Brews for Starbucks Competitors With Shift to at-Home Coffee
June 07, 2023  |  Earnings

As consumers are increasingly having their morning cup of joe at home, according to The J.M. Smucker Company, major coffeehouse chains — especially those without the...

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Most Consumers Now Only Carry Cash Out of Habit
Most Consumers Now Only Carry Cash Out of Habit
June 07, 2023  |  Consumer Payments

Inflation may be on a downward trajectory, but consumers do not think so, as perception affects their spending behaviors, prompting them to rethink how they...

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Customers Still Tip for Restaurant Meals — or Don’t Eat Out at All
Customers Still Tip for Restaurant Meals — or Don’t Eat Out at All
June 06, 2023  |  Consumer Insights

Consumers may be pressured to reduce tips in this tight economic environment, but data shows they overwhelmingly do not skip tipping, regardless of age, income...

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Cracker Barrel Sees Inflation-Concerned Consumers Pulling Back on Full-Service Restaurants
Cracker Barrel Sees Inflation-Concerned Consumers Pulling Back on Full-Service Restaurants
June 06, 2023  |  Restaurant Roundup

As restaurant inflation rises, Cracker Barrel is seeing consumers dining out less frequently, even as they order as much as ever each visit. Get the...

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Grocers Cut Prices Globally as Discount Retailers Gain Share
Grocers Cut Prices Globally as Discount Retailers Gain Share
June 02, 2023  |  Retail

Forced to choose between protecting their margins and losing more share to discount retailers, grocery chains worldwide are slashing prices to remain competitive. Get the...

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Lingering Office Closures Hit Hard for Times Square Small Businesses
Lingering Office Closures Hit Hard for Times Square Small Businesses
June 02, 2023  |  SMBs

Small businesses in Times Square are reportedly struggling in the post-pandemic environment. Get the Full Story Complete the form to unlock this article and enjoy...

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Macy’s Navigates Weak Consumer Demand, Continues Deep Discounts
Macy’s Navigates Weak Consumer Demand, Continues Deep Discounts
June 01, 2023  |  Retail

Earlier, PYMNTS reported that the summer of markdowns is here as Macy’s (along with Dollar General) struggled with declining consumer demand. The retailer has now...

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Nordstrom Defies Retail Slump With Surprising Quarterly Profit and Strong Revenue Growth 
Nordstrom Defies Retail Slump With Surprising Quarterly Profit and Strong Revenue Growth 
June 01, 2023  |  Retail

In the previous quarter, PYMNTS dubbed Nordstrom’s strategy of excessive discounting as the “big blue mistake.” However, on Wednesday (May 31), the retailer has proven...

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Report: Whether a Consumer Lives Paycheck to Paycheck Depends on Where They Live
Report: Whether a Consumer Lives Paycheck to Paycheck Depends on Where They Live
June 01, 2023  |  Consumer Insights

Things are tough all over, and six-figure earners are not immune, as prices for fundamentals like food, housing and transportation are causing more high earners...

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