nonessential spending

Apple to Unveil Pricier Phones as Consumers Avoid Big Ticket Items
Apple to Unveil Pricier Phones as Consumers Avoid Big Ticket Items
September 10, 2023  |  Apple

This week, Apple will unveil new products that include the fifteenth iteration of its iPhone. And as a Bloomberg News report Sunday (Sept. 10) notes,...

READ MORE >
Even Financially Struggling Consumers Continue to Dine Out 
Even Financially Struggling Consumers Continue to Dine Out 
August 31, 2023  |  Consumer Insights

Rising menu prices and overall economic pressures may continue to weigh heavy on consumers, but even those who have difficulty getting by are still willing...

READ MORE >
Budgets May Be Tight but Two-Thirds of Paycheck-to-Paycheck Consumers Continue to Splurge
Budgets May Be Tight but Two-Thirds of Paycheck-to-Paycheck Consumers Continue to Splurge
August 30, 2023  |  Consumer Finance

Inflationary pressures have yet to abate fully, making it necessary for many United States consumers to adjust their lifestyles to live within their means. Even...

READ MORE >
Apparel Producers Prep for Shrinking Sales as Consumers Cut Back
Apparel Producers Prep for Shrinking Sales as Consumers Cut Back
June 19, 2023  |  Retail

Clothing brands are reportedly cutting back on orders in anticipation of weakening sales. As Bloomberg News reported Friday (June 16), factory owners say they’ve seen...

READ MORE >
Consumption Becomes Controversial as One-Third of Consumers Won’t Quit Pricey Purchases
Consumption Becomes Controversial as One-Third of Consumers Won’t Quit Pricey Purchases
June 04, 2023  |  Consumer Insights

Affording luxury has taken on a new meaning, as many consumers have cut out all but the essentials.  As noted earlier this month (May 14) by...

READ MORE >
Chewy’s Recurring Orders Drive Growth and Investor Enthusiasm
Chewy’s Recurring Orders Drive Growth and Investor Enthusiasm
June 02, 2023  |  Retail

Chewy stock experienced its most significant surge in nearly four years following the pet-products retailer’s sales performance that surpassed expectations. The company’s stock received a...

READ MORE >
Costco Reports Sales Growth Slows as Consumers Reduce Discretionary Purchases
Costco Reports Sales Growth Slows as Consumers Reduce Discretionary Purchases
May 25, 2023  |  Retail

Costco’s comparable sales growth has slowed as consumers reduce their purchases of discretionary items. The membership warehouse club’s comp sales rose 0.3% year over year...

READ MORE >
Affirm Sees ‘Tepid’ Demand for Discretionary Goods
Affirm Sees ‘Tepid’ Demand for Discretionary Goods
May 09, 2023  |  Earnings

Affirm Holdings’ latest quarterly results showed double-digit gains in gross merchandise value (GMV), but a pullback in consumer spending in some categories and higher funding...

READ MORE >
40% of Retail Shoppers Have Switched to Cheaper Merchants to Save Money, Study Finds
40% of Retail Shoppers Have Switched to Cheaper Merchants to Save Money, Study Finds
May 05, 2023  |  Retail

Inflation has caused competition in retail and grocery to intensify as businesses fight for a smaller and smaller piece of the revenue pie. More than...

READ MORE >