Retail sales

Amazon Fresh Goes Stale as New Grocery Options Considered

Amazon Fresh Goes Stale as New Grocery Options Considered
Amazon Fresh Goes Stale as New Grocery Options Considered
April 28, 2023  |  Retail

As Amazon continues its brick-and-mortar grocery efforts, it seems likelier that Amazon Fresh is history. On a call with analysts discussing the eCommerce giant’s first-quarter financial results Thursday (April...

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Economic Data Shows Inflation Still Threatens Discretionary Spending
Economic Data Shows Inflation Still Threatens Discretionary Spending
April 28, 2023  |  Economy

Inflation is cooling, but its stubborn entrenchment is leading consumers to reconsider where and even whether to spend their dollars. The Bureau of Economic Analysis...

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Consumer Spending Flattened in March While Prices Continued to Rise
Consumer Spending Flattened in March While Prices Continued to Rise
April 28, 2023  |  Economy

Consumer spending flattened in March while prices continued to rise. The personal consumption expenditures (PCE) price index, excluding food and energy, rose 0.3% from the...

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Splitit Pledges ‘2-Second’ BNPL Checkout With SplititExpress
Splitit Pledges ‘2-Second’ BNPL Checkout With SplititExpress
April 27, 2023  |  Payment Methods

Buy now, pay later provider Splitit has unveiled what it calls a “super-fast” payment experience. Introduced Tuesday (April 25), SplititExpress lets buy now, pay later (BNPL) customers check...

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GDP Figures Show Economy Slowing and Consumers Still Spending
GDP Figures Show Economy Slowing and Consumers Still Spending
April 27, 2023  |  Economy

The U.S. economy slowed in the first three months of 2023, according to new government data. Figures released Thursday (April 27) by the Bureau of...

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Meta Says Generative AI and the Metaverse Will Evolve Together
Meta Says Generative AI and the Metaverse Will Evolve Together
April 26, 2023  |  Earnings

While its Reality Labs unit continues hemorrhaging money, Meta is far from giving up on the metaverse, even as it pursues other less visionary projects...

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Reborn MoviePass Will Be Promoted at Walmart
Reborn MoviePass Will Be Promoted at Walmart
April 25, 2023  |  Subscriptions

After surviving bankruptcy and some run-ins with The U.S. Department of Justice, among other problems, movie theater subscription plan MoviePass is set to return this summer with...

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PepsiCo Faces Competition from Private Labels as Shoppers Downgrade
PepsiCo Faces Competition from Private Labels as Shoppers Downgrade
April 25, 2023  |  Earnings

As continued grocery inflation affects more consumers’ shopping habits, PepsiCo is facing new private-label competition. The multinational food and beverage giant shared on a call with analysts...

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