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Consumers Now Spend 22% of Income on Food, Clothing and Shelter

Consumers Now Spend 22% of Income on Food, Clothing and Shelter
Consumers Now Spend 22% of Income on Food, Clothing and Shelter
February 21, 2023  |  Consumer Finance

Eighty years ago, psychologist Abraham Maslow described mankind’s “hierarchy of needs.” He’d likely gaze in alarm at the price tag, as calculated by PYMNTS, that’s...

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Stripe Says It Expects to See $1T in Payments Volume in 2023
Stripe Says It Expects to See $1T in Payments Volume in 2023
February 17, 2023  |  Payment Methods

Stripe reportedly expects to process $1 trillion in payment volume this year. That figure would be up from the $800 billion the payment platform processed in...

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IPO Market Had its Best Week in 15 Months
IPO Market Had its Best Week in 15 Months
February 17, 2023  |  IPO

The market for initial public offerings (IPOs) may be picking up. Reuters reported Friday (Feb. 17) that the week of Feb. 6 to Feb. 10 saw the...

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Barnes & Noble Launches Two-Tiered Membership Program
Barnes & Noble Launches Two-Tiered Membership Program
February 17, 2023  |  Loyalty & Rewards

Barnes & Noble has expanded its offerings in the growing membership program competition. The retailer of books and digital media now offers both a free membership program and...

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As Amazon Ramps Grocery Plans, Walmart Leverages Flywheel and Stores
As Amazon Ramps Grocery Plans, Walmart Leverages Flywheel and Stores
February 17, 2023  |  Retail

From its founding 60 years ago to its most recent press release this week, Walmart has never strayed from its core message: helping people live...

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Fresh Market Taps Shoppable Videos as Grocers Build eCommerce Infrastructure
Fresh Market Taps Shoppable Videos as Grocers Build eCommerce Infrastructure
February 16, 2023  |  Shopping

This week in grocery, supermarkets utilize contextual commerce, Wegmans accepts SNAP and IHOP taps CPG. The Fresh Market, a supermarket chain based in North Carolina...

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Hasbro Plays With ‘Fewer, Bigger, Better’ Strategy Amid Bite of Lingering Inflation
Hasbro Plays With ‘Fewer, Bigger, Better’ Strategy Amid Bite of Lingering Inflation
February 16, 2023  |  Retail

The largest U.S. toy and game maker said it expects lingering impacts from inflation to dampen consumer spending for most of the year but is...

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Digital Grocery Spending Lags Behind Retail 6-to-1
Digital Grocery Spending Lags Behind Retail 6-to-1
February 15, 2023  |  eCommerce

PYMNTS research reveals that, compared to retail, online grocery has a long way to go. The Context Grocers are doing everything in their power to...

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